It is learnt that Apple has acquired Seattle based artificial intelligence firm Turi. Though there has been no official announcement neither about the acquisition nor the financials from the involved companies, reports estimated the deal to be around $200 million.
“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” said Apple in a statement when contacted by GeekWire, a news portal that broke the news.
If this is correct then its big enough a value for the tiny startup founded by Carlos Guestrin, a professor of artificial intelligence at the University of Washington.
According to GeekWire, post acquisition by Apple Turi’s small team would remain at Seattle and continue to build solutions based on machine learning, data science and artificial intelligence.
Turi, that was earlier known as Dato as well as GraphLab, helps developers build solutions based on machine learning and artificial intelligence. Some of its platforms include Turi Predictive Services, Turi Machine Learning Platform, Turi Distributed and GraphLab Create. These platforms can be used for developing solutions for large as well small enterprises around fraud detection, sentiment analysis and customer segmentation.
Turi changed its name from Dato as it faced a trademark issue with another startup named as Datto, that worked on cloud technology.
Machine learning is a new hot trend among technology companies where machine are made intelligent using machine language and the machines or computers can learn new things by themselves. It’s just not Apple who appears more focused toward artificial intelligence, companies like Microsoft, Google or Facebook too are neck-dipped into this.