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IBM acquires AlchemyAPI to fatten Watson portfolio
IBM has acquired computing services provider AlchemyAPI to broaden its portfolio of Watson-branded cognitive computing services.AlchemyAPI’s set of services could help developers augment their applications with machine-learning capabilities typically too complex to maintain in-house.IBM is banking on a great need for such services. Cognitive computing will generate $50 billion in IT business within the U.S. alone, according to consulting firm Deloitte.AlchemyAPI was founded in 2005 to provide computing services accessed over the Internet by a set of APIs (application programming interfaces). Approximately 40,000 developers have used AlchemyAPI’s services.To read this article in full or to leave a comment, please click here