GE acquires two artificial intelligence startups

From Reuters – Reporting by Alwyn Scott; Editing by Muralikumar Anantharaman:

General Electric said on Tuesday it has acquired two tech startups to build its artificial intelligence capability, a move that helps it compete with IBM’s Watson product.

GE said the acquisitions of Bit Stew Systems and Wise.io will expand its Predix platform for industrial internet applications, which connects big machines such as power plants and aircraft engines to databases and analytical software. Terms of the deals weren’t disclosed.

Berkley, California-based Wise.io has advanced machine learning technology that GE sees “as really well-built for the industrial world”, Bill Ruh, chief executive officer of GE Digital, GE’s software arm, said in an interview.

A branch of artificial intelligence, machine learning allows computers to adapt to new data without new programming.
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