Veritone, an organization that gives companies with software program for orchestrating machine studying methods to carry out duties, introduced at this time that it has acquired Atigeo’s mental property and expertise for knowledge analytics.
That expertise features a system designed to course of giant quantities of unstructured knowledge utilizing a way that for creating rule-based processing methods on the fly. In addition, a number of key Atigeo workers, together with the corporate’s chief scientist Wolf Kohn, will be a part of Veritone following the deal.
Atigeo’s expertise will first be used to enhance Veritone’s conductor expertise, which takes in person knowledge after which finds a set of machine studying engines which might be finest fitted to fixing a specific downside, like picture recognition or speech transcription. In the longer term, the corporate plans to make use of the tech to construct fashions for purchasers as they want them.
The transfer will assist the corporate additional its attention-grabbing method to serving to different companies implement machine studying. Rather than having corporations construct bespoke fashions for every job that they should full, Veritone’s expertise goals to unravel issues by conducting contributions from a number of completely different fashions accessible within the firm’s catalog.
According to CEO Chad Steelberg, the expertise has offered advantages that Veritone prospects couldn’t have discovered some other method.
Atigeo’s method is completely different to what many different corporations are presently centered on. Its Hamiltonian studying expertise takes a rule-based method to AI, fairly than utilizing a classy deep neural community. A key problem with previous rule-based methods, in response to Steelberg, is that customers needed to engineer the system to reply specific questions in regards to the knowledge, and engineer the info to work with one system. The expertise that Veritone acquired is meant to not require that very same predetermination of what’s value questioning.
While Veritone has begun preliminary conversations to tackle the contracts that Atigeo made with its current prospects, these offers weren’t a part of the acquisition.
Veritone has extra offers within the works, too. Steelberg stated that the corporate has signed non-binding letters of intent to amass two extra corporations, and hopes to announce at the very least one deal through the first quarter of subsequent yr.
This article sources info from VentureBeat