- Apple (NASDAQ:AAPL) has reportedly acquired machine-learning company Inductiv, which utilizes artificial intelligence to correct errors in data
Apple (NASDAQ:AAPL) has reportedly acquired machine-learning company Inductiv, which utilizes artificial intelligence to correct errors in data. When an Apple spokesperson was asked to confirm the acquisition, the company responded with its standard acquisition statement that it “buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” according to Bloomberg.
Machine-learning is a type of artificial intelligence where computers develop the ability to learn tasks without being programmed for it. The algorithms used by machine learning applications are be able to find patterns and implement the results. Then the algorithms can independently improve and make more accurate predictions.
Based in Waterloo, Ontario, Inductiv was founded by a trio of machine learning experts, including University of Waterloo professor Ihab Ilyas, University of Wisconsin-Madison assistant professor Theodoros Rekatsinas, and Stanford University associate professor Christopher Re. This is not the only company by Re that Apple acquired. In 2017, Apple acquired a company Re founded called Lattice Data for a reported $200 million.
The Inductiv team will be reporting to John Giannandrea, Apple’s senior vice president of Machine Learning and AI Strategy.
AppleInsider.com pointed out that several Inductiv employees updated their LinkedIn profiles to Apple. For example, Josh McGrath and Mina Farid are now “Machine Learning Engineers” at Apple. And Ryan Clancy is now a “Software Engineer” at Apple.
