Google invests in the technology that may predict the future

May 4, 2010 - 6:32am | News | Other themes |
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Google invests in the technology that may predict the future

According to the website of Google’s investment arm Google Ventures, the company has invested an undisclosed amount of money into a startup company that claims to have abilities to predict the future. The company known as Recorded Future, Cambridge, Massachusetts, "offers customers new ways to analyze the past, present and the predicted future," according to a new Google Ventures Web site that went live on Monday.

While the website of Recorded Future shows no signs that the company offers any specific products on sale it is apparent that the company deals with a data analytics technology that could be used to try to predict future stock market events or even terrorist activity, according to blog posts and videos on its site. The technology looks at how frequently an entity or event is referred to in the news and around the Web over a period of time, then uses that data to project how it might behave in the future.

Recorded Future claims that its customers include "some of the top government agencies and trading firms in the world," according to a February profile in The Boston Globe.




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