Loading...
You are here:  Home  >  Education Resources For Use & Management of Data  >  Data Daily | Data News  >  Current Article

Intel Acquires Saffron AI

By   /  October 28, 2015  /  No Comments

safby Angela Guess

Stacey Higginbotham reports for Fortune, “Intel is buying Saffron AI, a startup in Cary, North Carolina that makes a cognitive computing platform that is reminiscent of IBM’s Watson technology. The chip giant announced the deal Monday but did not disclose a price. Saffron’s software takes in a variety of data on a topic provided by the client and then parses similarities and relationships to “learn” about that topic. Saffron has purportedly created software that mimics human reasoning and memory that it applies to problems for clients as well as its own natural language processing that augments whatever vocabulary the client submits, since many professions have their own industry jargon. The result is a system that helps take in a lot of data and generates insight for clients.”

She goes on, “So how does a cloud-based software product that teaches computers to ‘think’ relate to Intel, a chip company? The future of computing is pretty clear to those who know where to look. With everything from our homes to our factories connected and generating more information than can be stored in a single data center, let alone be processed by a human being, the race is on to build computers that can help people make sense of the digital information that threatens to overwhelm them.”

Read more here.

photo credit: Saffron AI

You might also like...

Predictive Analytics: Giving Smart Manufacturers an Edge

Read More →