Popular social media platform Reddit continues to invest in machine learning projects. The natural language processing firm has acquired MeaningCloud for an undisclosed price, according to the latest statement from the company.
Reddit acquires natural language processing firm MeaningCloud
Reddit is one of the companies that have increased their targets in machine language. MeaningCloud, which specializes in extracting meaning from unstructured content, was known for analyzing conversations on Reddit.
Established in 2015, the Spain-based firm is working on the classification of unstructured data. The MeaningCloud algorithm, which currently offers suggestions to users on the Reddit interface, can evaluate web content thanks to natural language processing.
This acquisition will also make it possible for Reddit to enter the European market. The platform, which will have an office in Spain, is popularly preferred in countries such as the USA and Canada today. However, with investment in the natural language processing firm, it will be possible to expand it in other languages.
Reddit Vice President of Data Jack Hanlon used the following statements regarding the agreement:
MeaningCloud helps strengthen the Reddit platform by helping our community get the relevant information they’re looking for even faster. With the addition of MeaningClound’s technology, we can continue our mission of providing simpler, richer and more relevant content to our users. We’re excited to welcome the talented MeaningCloud team to Reddit.
It is possible to say that Reddit has taken remarkable steps regarding machine learning recently. In the past months, the platform has launched the Discover feature, a personalized interface that offers special content to users.
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