Apple (AAPL) Stock Gains, Acquires India-Based Machine Learning Startup Tuplejump
US-based tech giant Apple has now acquired Tuplejump, a Hyderabad-based machine-learning startup that had been helping companies stock, process and visualizes big data with its unique software. With the India/US based company, Apple has now acquired three machine-learning companies within a short window of two years so as to expand its reach into artificial intelligence technology.
According to a report on Techcrunch, the Shares of Apple (AAPL) had been continuously increasing in the afternoon trading on Thursday following the companies agreement to purchase Tuplejump, citing sources. Two co-founders of the Machine Learning startup (founded in 2013), Rohit Rai and Satyaprakash Buddhavarapu are already reported to have joined Apple while the third co-founder, Deepak Alur has joined Anaplan that is a Cloud-based business planning platform for finance, operations, and sales.
Apple had been particularly interested in an open source project titled "FiloDB" that Tuplejump was currently working on so as to efficiently apply the machine learning concepts along with analytics to complex data. It's pretty clear that machine-learning is to be the tech for the future and Apple is already gearing up for accomplishing something big.
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A report on VentureBeat states that the Tuplejump team has been very well experienced with some of the open source big data tools including the Apache Cassandra NoSQL database, the Apache Spark processing engine and the Apache Kafka high-throughput distributed publish-subscribe messaging system. "Tuplejump has also built Stargate that is an open source search indexing system working with data stored in Cassandra but relying on the basics of the Apache Lucene full-text search software," the report stated.
Though Tuplejump's website has been shut down after the acquisition, the details are yet to be disclosed. Earlier in May, Apple's CEO Tim Cook had announced the start of the company's first development centre in Hyderabad so as to work on Apple Maps during his visit to India.
This is the third machine learning startup that Apple has bought after the two well-known startups Perceptio and Turi on the company's continuous efforts to get their hands on latest AI-based technologies. "Apple has been buying smaller tech companies from time to time, and we usually do not discuss our plans," an official spokesperson told TechCrunch in an interview.