AlchemyAPI Improves Named Entity Recognition and Relation Extraction Systems

DENVER, July 9, 2013 /PRNewswire/ -- AlchemyAPI, the world's most popular natural language processing service, rolled out several improvements to its Named Entity Recognition and Relations Extraction Systems, including increased accuracy, new entity types and increased coverage. This marks the first commercialization of the company's deep learning research.

"Our deep learning initiatives allow us to train very large and deep neural networks quickly and efficiently," according to Shaun Roach, AlchemyAPI VP of Sales. "For customers, this means that AlchemyAPI is even more powerful, analyzing text more accurately and with more features."

Over the past several weeks, AlchemyAPI has rolled out the following functionality:

• New Relation Extraction Engine: increased accuracy, location information extraction, keyword extraction within relations, and extraction of multiple entities within relations.
• New Named Entity Extraction Engine: increased accuracy, new entity types (Anatomy, JobTitle, Degree), wider coverage for several types (City, Company...), linked data improvements, and custom entity type support.
• Disambiguation Improvements: increased accuracy, wider coverage for locations, companies, persons and organizations.
• Quotations Extraction Updates: improved English quotation extraction, French quotations extraction.

"Shifting to a new set of approaches involving deep learning allows us to add functionality not possible before while also making the system faster and more accurate," according to Elliot Turner, AlchemyAPI Founder and CEO. "We are just getting started and have several updates in the pipeline."

About AlchemyAPI, Inc. AlchemyAPI is the world's most popular natural language processing service, providing critical data analysis capability to more than 32,000 developers across 36 countries and 6 continents. Used more than 3 billion times every month, AlchemyAPI aims to democratize artificial intelligence technology, providing advanced natural language understanding capabilities to a variety of industries world-wide.

CONTACT: Audrey Klammer, Marketing Director, 303-974-7599, [email protected]

SOURCE AlchemyAPI