Machine learning is technology which trains software so developers don't have to code it by hand. The number of new companies in the category has grown exponentially over the past few years. Here are 10 machine learning startups worth a closer look.
Machine learning companies are being snapped up in droves by tech giants cognizant that these startups represent a new wave of technology innovation.
This month alone, Intel announced plans to acquire deep learning startup Nervana Systems. And Apple confirmed it would acquire Turi inc. Earlier this year, Twitter acquired Magic Pony Technology, Salesforce acquired PredictionIO, ESI Group acquired Mineset, and Apple acquired Emotient, among other deals.
PricewaterhouseCoopers LLP said 29 machine learning companies have been acquired so far this year by companies large and small, and total deals in 2016 will likely exceed the 37 such buyouts made last year.
These deals represent a fraction of the action happening in machine learning today. Big companies like Google, Microsoft, Facebook, eBay, LinkedIn, and plenty of others, already have advanced internal projects underway.
[How are companies using machine learning today? Read 11 Cool Ways To Use Machine Learning.]
And there are hundreds of startups in this area. Although machine learning's concepts have been around for decades, a handful of factors are driving its rise to prominence right now.