IBM has announced plans to purchase AlchemyAPI, a company that offers machine learning technology for developers. Big Blue plans to add the AlchemyAPI services to its Watson platform. AlchemyAPI's tools can analyze and categorize text and images and promises improved performance over time.
Stephen Gold, vice president at IBM Watson Group, noted that AlchemyAPI "has a tremendous following. The 40,000-plus network of developers that have built on top of the platform — that will really help accelerate our own ecosystem." Currently, 160 companies are developing Watson-based applications, and IBM says that 3,800 more have pending projects.