IBM acquires deep learning startup AlchemyAPI

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Gigaom

So much for AlchemyAPI CEO Elliot Turner’s statement that his company is not for sale. IBM has bought the Denver-based deep learning startup that delivers a wide variety of text analysis and image recognition capabilities via API.

IBM plans to integrate AlchemyAPI’s technology into the core Watson cognitive computing platform. IBM will also use AlchemyAPI’s technology to expand its set of Watson cloud APIs that let developers infuse their web and mobile applications with artificial intelligence. Eventually, the AlchemyAPI service will shut down as the capabilities are folded into the IBM Bluemix platform, said IBM Watson Group vice president and CMO Stephen Gold said.

Elliot Turner — CEO, AlchemyAPI; Stephen Gold, Watson Solutions, IBM Software Group. Structure Data 2014 Love at first sight? AlchemyAPI CEO Elliot Turner (left) and IBM Watson vice president Stephen Gold (center) at Structure Data 2014.

Compared with Watson’s primary ability to draw connections and learn from analyzing textual data, AlchemyAPI excels at analyzing text for sentiment, category and keywords, and for recognizing…

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