Apple Acquires Machine Learning Company Turi For 0 Million

Apple has reportedly acquired machine learning and artificial intelligence startup Turi for $200 million. Turi is a Seattle-based company that has created a software platform for other companies to build apps that utilize machine learning and AI. Customers have used the platform to build recommendation engines and fraud detectors, as well as apps that predict customer churn, run sentiment analysis, and segment customers. Companies like Google and Facebook use machine learning to speed up searches and classify images/facial recognition, among other things. The company has raised $25.25 million in two funding rounds, the most recent in January 2015. Seattle is apparently a hub for the burgeoning machine-learning industry, with several companies in the space headquartered there. Apple has been building up a presence in the Northwest — after buying Union…

Link to Full Article: Apple Acquires Machine Learning Company Turi For 0 Million

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