Lexalytics, a provider of cloud and on-prem text analytics solutions, announced that it is unveiling the Magic Machines AI Labs in Amherst, MA, to speed innovation in artificial intelligence (AI). In stealth mode for the past year, Magic Machines has been focusing on “force-multiplying” AI technologies. These technologies researched by Magic Machines are already accelerating Lexalytics’ product development cycle. Over the coming months, Lexalytics will announce products that enable data scientists to handle more projects and empower business intelligence users to shape AI.
Lexalytics has also partnered with two leading academic institutions dedicated to the advancement of data science and marketing technology: University of Massachusetts Amherst’s Center for Data Science and Northwestern University’s Medill School of Journalism, Media and Integrated Marketing Communications. Through its affiliation with UMass, Lexalytics will work with faculty and students on the underlying challenges of analyzing, visualizing, and drawing insights from massive volumes and varieties of data. At the other end of the problem, Northwestern and Lexalytics will partner to ensure the usability and applicability of Magic Machines AI technologies to a broad set of business users.
Acquiring and retaining strong scientific and analytics talent is still an issue for many companies. Magic Machines AI Labs will focus on “force-multiplying” technologies in five primary areas of research, each carefully chosen to maximize automation of building an application-specific AI. These include: Swarm Intelligence/Emergent Behavior, Adaptive AI, Algorithmic Coordination, Transfer Learning and Meta-Learning.