Apple Acquires Machine Learning & AI Startup Turi
Apple has purchased Turi, a small Seattle-based startup specializing in machine learning and artificial intelligence technology for a purchase price of around $200 million.
Apple recently purchased Seattle-based machine learning and artificial intelligence startup Turi, reports GeekWire.
Apple is said to have paid around $200 million to acquire the company, which was known as “Dato” until earlier this month.
Turi is designed to help developers build apps with artificial intelligence capabilities that automatically scale. It has developed the Turi Machine Learning Platform, GraphLab Create, and Turi Predictive Services, used for functions like recommendations, fraud detection, sentiment analysis, and more.
Turi toolkits simplify development of machine learning models, each incorporates automatic feature engineering, model selection, and machine learning visualizations specific to the application, there is no faster way to build efficient models
Citing people familiar with the acquisition, GeekWire says Turi employees will remain in the Seattle area, where Apple has been establishing a presence over the past few years.
Apple confirmed the acquisition with the standard purchase statement it gives to media outlets: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
It is not known what Apple will do with Turi’s technology, but Apple has made several AI-related purchases in recent months including VocalIQ, Perceptio, and Emotient.
Related: List of Mergers and Acquisitions by Apple
It’s Time For Supply Chain Management To Embrace Artificial Intelligence
The supply chain needs to pay attention to the potential ways that augmented reality can revolutionize the industry, and artificial intelligence (AI) will be a driving force behind this change.
AI is quickly taking over the tech world, cropping up in smart digital assistants such as Apple’s Siri, Amazon’s Echo and Microsoft’s Cortana. You might already know that AI can help you get directions, play chess, or order a pizza, but are you aware of how it can transform supply chain management?
AI Growing Exponentially
Artificial intelligence was first developed more than 60 years ago, but it has really taken off over the past few years. Whether it’s autonomous car technology or facial recognition software, AI taking over and the supply chain needs to get on board. AI continues to grow as consumers demand more efficient and faster processes in everyday life. People are becoming accustomed to getting what they want right when they want it, and this is bringing about a fundamental shift in their expectations when making purchases.
Research and development time can be slashed by using AI to interact with digital 3D models instead of taking the time to make 3D ones. Gesture recognition software can make the keyboard and mouse a thing of the past, making interaction between designers and products more natural and seamless.
AI can also have a big impact on the way products are shipped to end users. One big development that has the power to transform shipping is self-driving vehicles such as those being developed by Google and Apple. The use of such vehicles is expected to exceed 10 million by the year 2020.
Modern artificial intelligence continues to learn new things that expand its capabilities, and it’s quickly becoming one of the best innovations of our time. Manufacturers who are willing to get on board and take advantage of all it has to offer stand to make tremendous gains in terms of efficiency and lower costs.
Source: Barcoding Connected
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