Twitter has confirmed its acquisition of Massachusetts-based artificial intelligence startup, Whetlab, in order to accelerate the company’s own in-house efforts on bolstering the analytics capacity.
The deal was disclosed in a tweet by the Twitter engineering team. Terms of the deal have not yet been disclosed. But Twitter will gain access to the startup’s technology and its small team, while Whetlab’s current product will be discontinued from next month, as reported by ET.
“Over the past year, we have created a technology to make machine learning better and faster for companies, automatically. Twitter is the platform for open communication on the internet and we believe that Whetlab’s technology can have a great impact by accelerating Twitter’s internal machine learning efforts,” said Whetlab in a statement on its website.
The startup was founded by computer scientists and neuroscientists from Harvard and Canadian universities.With its system it aims to help get a company’s internal systems off the ground automatically, and therefore, more quickly than before.
All the five members of the startup team, Ryan Adams, Hugo Larochelle, Jasper Snoek, Kevin Swersky and Alex Wiltschko, will join Twitter to enhance the system’s machine learning efforts.Category Business