According to a report from TechCrunch, Apple has recently acquired Lattice.io, an artificial intelligence and machine learning startup.
California-based Lattice.io founded in 2015, evolved from a Stanford University research project called DeepDive, a framework which extracts raw data from text. It takes unstructured “dark” data and uses an AI-enabled engine to turn it into usable information. In Crunchbase it is described as - “Lattice turns dark data into structured data with human-caliber quality at machine-caliber scale.”
Dark data is used to describe those kinds of data that are largely not useful for processing or analytics. These data exist without any labels or context. Therefore it becomes difficult to access and utilize such data. Sometimes, organizations may not even be aware that the data is being collected.
Lattice says they are using machine learning technology to process dark data and dump those results into a database. Users will be able to extract, integrate, and predict problems in a single system, in turn enabling them to build end-to-end data systems.
As per the TechCrunch report, Apple has paid around $200 million for the acquisition. However, Apple is not the only tech giant snapping AI-based. Recently Cisco has also acquired MindMeld to boost their artificial intelligence capability.