Richmond-based machine learning firm acquired by Capital One

They have joined a group of Capital One employees working on ways to utilize new, cutting-edge artificial intelligence in the credit card company’s services.

“The thing we are really excited about is (Capital One) is trying to harness machine learning for the good of the customer,” said Paul Hurlocker, who co-founded Notch in 2014 with David Der. “There are a number of areas where that can be done.”

The acquisition comes about 15 months after Capital One created an in-house “Center for Machine Learning,” which is housed in several of the company’s locations in New York, Northern Virginia and the Richmond area.

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