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IBM announced it has acquired AlchemyAPI, a leading provider of scalable cognitive computing application program interface (API) services and deep learning technology. The acquisition will accelerate IBM's development of next generation cognitive computing applications.
The acquisition also significantly expands the Watson ecosystem, welcoming 40,000 developers that have innovated on the AlchemyAPI platform to the IBM Watson developer community. Financial terms of the deal were not disclosed.
IBM will integrate AlchemyAPI's deep learning technology into the core Watson platform, augmenting Watson's ability to quickly identify hierarchies and understand relationships within large volume data sets. The technology is expected to enhance Watson's ability to ingest, train and learn the "long-tail" of various data domains – including general business and target industries, as well as address the need to manage constantly evolving ontologies.
In addition, the acquisition will greatly expand the number and types of scalable cognitive computing APIs available to IBM clients, developers, partners and other members of the Watson ecosystem. This includes language analysis APIs to address new types of text and visual recognition, and the ability to automatically detect, label and extract important details from image data.
Founded in 2005 and headquartered in Denver, AlchemyAPI's deep learning platform enables clients, partners, developers and other third-parties to build cognitive-infused applications with advanced data analysis capabilities such as taxonomy categorization, entity and keyword extraction, sentiment analysis and web page cleaning. The company's software platform processes billions of API calls per month across 36 countries and in eight different languages: English, French, German, Italian, Portuguese, Russian, Spanish, and Swedish.
Watson is the first commercially available cognitive computing capability representing a new era in computing. The system, delivered through the cloud, analyzes high volumes of data, understands complex questions posed in natural language, and proposes evidence-based answers. Watson continuously learns, gaining in value and knowledge over time, from previous interactions.
IBM is delivering new Watson services and APIs through the Watson Zone on Bluemix, the company's digital innovation platform that enables developers to rapidly build, deploy and manage apps across any combination of public, private and hybrid cloud. Thousands of developers, entrepreneurs, data hobbyists, students and others have already built more than 7,000 apps powered by Watson to date.
AlchemyAPI's capabilities, including new language analysis and visual recognition services, will be delivered through Bluemix, and enable developers to quickly build a range of business applications.
This news builds on the recent announcement of IBM Watson Personality Insights API and the launch of five new beta Watson Services, bringing the total number of cognitive API services to thirteen in the past six months alone.
Ralph Rio, Research Director, commented, “APIs provide a means for integration with other applications, and are key to adoption of Watson for commercial solutions and revenue growth.”
Keywords: Cognitive Computing, Watson Ecosystem, Cognitive-Infused Applications, Evidence-Based Answers, Big Data, ARC Advisory Group.