IA: Appen offers Figure Eight for $ 300 million

by bold-lichterman

Appen continues to weave its web internationally. To strengthen itself, the Australian group has just acquired the Californian company Figure Eight, which is developing a platform specializing in data sciences. The operation will be carried out in two stages. Appen will first shell out $ 175 million before making an additional payment of up to $ 125 million depending on how Figure Eight performs in 2019. In total, the deal could therefore amount to $ 300 million. dollars. The deal is due to be finalized in early April.

Founded in San Francisco in 2007, Figure Eight has launched a platform for delivering high-quality structured data for machine learning and artificial intelligence. Concretely, the American company, previously called “CrowdFlower” and “Dolores Labs”, is working to transform unstructured data (text, image, audio, video, etc.) into usable data for products embedding artificial intelligence.Apple-converted-space “>

To achieve this, “micro-work” platforms like Figure Eight and Appen call on “click workers” who are paid to perform micro-tasks online (identify or name objects in images, translate pieces text …) in order to feed artificial intelligence with data. In other words, artificial intelligence algorithms are fed by humans, paid a few cents to complete these repetitive and low-skilled tasks, in order to advance them.