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Diffbot — Machine learning is the new Big Data and Giving it away might be a Money Maker.

Machine learning is the new Big Data and Giving it away might be a Money Maker.

“Everything’s becom­ing intel­li­gent, but the lim­it­ing fac­tor of intel­li­gence is access to struc­tured data,” Tung says. Diff­bot, an arti­fi­cial intel­li­gence com­pa­ny that helps clients extract and com­bine data from mul­ti­ple Web sources wants to scrape all the data on the web (all of it) to put it into a struc­tured for­mat. Mak­ing it use­ful for all sorts of busi­ness pur­pos­es and make mon­ey doing so.  The com­pa­ny says its tech­nol­o­gy “uses com­put­er vision and NLP algo­rithms to extract and struc­ture any web page into the world’s largest struc­tured data­base… with no human cura­tion or over­sight.” Found­ed in 2009 The Palo Alto, CA-based start­up announced today it raised $10 mil­lion from investors to expand its “knowl­­edge-as-a-ser­vice” offer­ings to busi­ness­es and con­sumer apps.  They have raised close to $13 mil­lion since its seed round in 2012.  Diffbot’s plan is to cat­a­log tril­lions of facts across the Web—many of them drawn from page ele­ments such as com­ment forums, which can’t be mined by tra­di­tion­al search engines. Web-min­ing can be a com­pet­i­tive advan­tage for apps as well as the pro­lif­er­at­ing devices of the Inter­net of Things, Tung says. The start­up says it has made a sig­nif­i­cant start on that goal, hav­ing indexed 1.2 bil­lion…

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