Figure Eight offers a "human-in-the-loop" machine learning platform that offers quality training data needed by ML and artificial intelligence services.
San Francisco-based Figure Eight will continue to operate as an independent business through the end of 2019.
The acquisition will consist of $250 million (US$175 million) of upfront consideration, plus additional contingent consideration of up to $178 million (US$125 million) payable in March 2020 - based on achievement of incremental FY19 subscription software revenue targets, making up to $430 million.
Crew Dragon Splashes Down in Atlantic Ending First Commercial Crew Mission
The Atlantic Ocean landing is the first in almost 50 years for a capsule that was designed for humans, NASA says. Now, SpaceX and Crew Dragon have demonstrated their ability to safely shepherd astronauts back to Earth .
Figure Eight is far less shy, listing Microsoft, Google, VMware, Facebook, Mozilla, Twitter and American Express as customers in its corporate brag book. Appen would be a great platform for the teams of Figure Eight to combine and keep on doing awesome things in AI. The company now has the best of both the worlds, i.e. the combination of Figure Eight's novel customer facing SaaS platform with ML-assisted annotation and Appen's skillful and scalable multilingual crowd and highly efficient cloud management platform.
Following that, in 2020 Figure Eight's team and technology will be fully integrated and become part of Appen's future growth.
Co-Founder of Figure Eight, Lukas Biewald, stated that this move was the genuine validation of everything the company had achieved. "This transaction is a genuine validation of everything we've achieved and a great platform for our teams to combine and continue to do wonderful things in AI". "In combination, we will not only meet but also exceed quality, speed, and scale requirements of customers", said Appen CEO, Mark Brayan.
Scientists move step forward in cloning woolly mammoth：The Asahi Shimbun
But boffins in Japan reckon they could roam the Earth once again after making a massive breakthrough. The study was carried out by a team from Kindai University in Osaka, reports Nikkei Asian Review .
Appen has worldwide offices and is listed on the Australian Securities Exchange. Appen brings over 20 years of experience capturing and enriching a wide variety of data types including speech, text, image and video.
Appen, an Australian provider and improver of data used for the development of machine learning and AI products, has announced the signing of a definitive agreement for the acquisition of US machine intelligence company, Figure Eight. With deep expertise in more than 180 languages and access to a global crowd of over 1 million skilled contractors, Appen partners with technology, automotive and eCommerce companies - as well as governments worldwide - to help them develop, enhance and use products that rely on natural languages and machine learning.
USA to Germany: We’ll cut intelligence sharing over Chinese 5G help
Also on rt.com United States advises Italy to steer clear of China's new Silk Road... because it's a National Security issue? Embassy said it could not comment on diplomatic communications, "the U.S. position on 5G network security is well known".