IBM Watson, the artificial intelligence platform made famous by beating the three best Jeopardy! champions ever several years ago, bought Denver-based AlchemyAPI today. It did not reveal the purchase price.
The acquisition gives Watson a key piece of machine learning technology. The deal also gives it access to community of over 40,000 AlchemyAPI developers, who are building cognitive apps, which IBM defines as “systems that learn and interact naturally with people to extend what either humans or machine could do on their own.”
This is a natural extension of what Watson is doing around artificial intelligence and natural language processing.
Stephen Gold, VP at IBM Watson Group says the newly purchased company processes billions of API calls each month across 36 countries and eight languages, which could at least partly explain why the Watson Group was so enamored with it.
AlchemyAPI has also been seen as a viable competitor with the Watson platform, so by buying it…
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