Apple Reportedly Acquires Lattice Data For Unstructured Data AI

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nodrog16

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Apple Reportedly Acquires Lattice Data For Unstructured Data AI

posted on May 15, 2017 12:34PM

It is interesting to note that this $200M transaction if true in the AI field is not attached to revenue

Nodrog

Due to Lattice’s recent founding, it is likely that Apple acquired it as a "team and technology" deal, and not one based on any revenues.

https://seekingalpha.com/article/4073252-apple-reportedly-acquires-lattice-data-unstructured-data-ai

Donovan Jones

IPOs, tech, alternative investments, CEO VentureDeal.com

VentureDeal

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Summary

Apple has reportedly acquired AI technology startup Lattice Data for $200 million, according to TechCrunch.

Lattice is commercializing AI-driven systems that turn unstructured data into structured data.

Apple needs as much help as it can get in the rapidly evolving field of consumer AI-enabled systems.

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