"Semantic Software Asia Pacific Limited (SSAP), an Australian research and development company based in Sydney, has released the first suite of its Semantic Computing Platform, Semantiro, described as a fundamental building block to achieving a complete cognitive environment."
That's what the company said in a press release so laden with buzzwords that we, honestly, have no idea what it's trying to tell us.
Australian regulators have other concerns and this morning ASIC obtained a Court Order to wind up the company and the appointment of provisional liquidators.
The reasons for the Order should be a warning for those buying mission-critical tech from unproven companies. Semantic was an artificial intelligence development company that based in North Sydney.
