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A Trump Dividend for Canada? Maybe in Its A.I. Industry

#artificialintelligence

Amir Moravej, an Iranian computer engineer in Montreal, quietly worked last year on building software to help people navigate the Canadian immigration system. He saw it as a way for others to avoid the same immigration travails he suffered a few years earlier. Then came the American presidential election. "Trump accelerated everything," said Mr. Moravej, 33, the chief executive of a software start-up named Botler AI. With immigration taking center stage in American politics and elsewhere, Botler AI began putting more resources into building a chatbot tailored to one of Canada's immigration programs.


ServiceNow taps AI to automate everyday workflows

PCWorld

ServiceNow is bringing enhanced machine-learning capabilities to its Now Platform for business process automation to help customers prevent outages, automatically route service requests, and predict and benchmark IT performance. The AI capabilities will be offered through the upcoming Intelligent Automation Engine, announced at the company's Knowledge conference in Orlando Tuesday. The move strengthens ServiceNow's base in IT management while making further inroads into other areas of the enterprise. The machine-learning capabilities will be brought into ServiceNow's cloud services for security, customer service, and HR. The Intelligent Automation Engine's algorithms are based on technology the company acquired through its purchase of DxContinuum in January.


Elon Musk reveals more about his plan to merge man and machine with Neuralink

#artificialintelligence

Elon Musk is attempting to combat the rise of artificial intelligence with the launch of his latest venture, brain-computer interface company Neuralink. In an interview with Wait Buy Why, Musk has revealed some of the details about his latest venture. He has confirmed that he will be the CEO of Neuralink โ€“ alongside the Tesla, and SpaceX leadership positions he already holds. Musk explained that the firm's goal is to turn cloud-based AI into an extension of the human brain. The company will aim to create (and bring to market) a product that can help those with severe brain injuries.


Watson won 'Jeopardy,' but IBM is not winning with artificial intelligence

#artificialintelligence

On a February evening in 2011, Watson--a supercomputer with artificial intelligence created by International Business Machines Corp.--made history when it beat humans in a game of cognitive intelligence. These were longtime "Jeopardy" champions, deemed among the most intelligent human contestants to ever grace the game show stage. The Watson win was a major win for IBM IBM, -2.51% at the time, underscoring its transition to a new-age technology company with artificially-intelligent computers. It sent a clear message that IBM was no longer an aging legacy hardware company crippling under newer competition, but a bellwether of innovation yet to come in the realms of AI and big-data analytics. Read also: Is hyperconvergence the next big thing in tech?


Tinder Earnings Surge As Dating App's Users Around The World Double

International Business Times

This article originally appeared on the Motley Fool. Match Group (NASDAQ:MTCH) reported first-quarter results on May 2. The parent company of Tinder and Match.com Match Group's board of directors authorized a stock buyback program of up to 6 million shares of Match's stock. Our stock has tended to fluctuate fairly meaningfully, and the buyback authorization enables us to take action if the circumstances warrant. This is not a buyback authorization where we plan to go into the market aggressively.


Genpact (G) Q1 2017 Results - Earnings Call Transcript

#artificialintelligence

My name is Michelle and I will be your conference moderator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference. We will expect the call to conclude in an hour. As a reminder, this call is being recorded for replay purposes. I would now like to turn the call over to Roger Sachs, Head of Investor Relations at Genpact. Good afternoon, everyone, and welcome to Genpact's first quarter earnings call to discuss our results for quarter ended March 31, 2017. We hope you have had a chance to review our earnings release which was posted to the IR section of our website, genpact.com. With me in New York today are Tiger Tyagarajan, our President and Chief Executive Officer; and Ed Fitzpatrick, our Chief Financial Officer. Our agenda today will be as follows: Tiger will provide a high level overview of our results, as well as update you on some of our strategic initiatives. Ed will then discuss our financial performance for the quarter in greater detail. Tiger will then come back for some closing comments and then we will take your questions. And as Michelle just said, we expect the call to last about an hour. Please note, the year-over-year growth rates discussed today include the impact of the reclassifications of the divested GE Capital businesses to Global Client revenue as if these transactions occurred on January 1, 2016. This was done to provide a consistent view of the underlying growth trends of our business. The actual results without these adjustments are included in our earnings release. Some of the matters we will discuss in today's call are forward-looking. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. Such risks and uncertainties are set forth in our press release. In addition, during our call today we will refer to certain non-GAAP financial measures which we believe provide additional information to investors and better reflect the way management views the operating performance of the business. You can find a reconciliation of these measures to GAAP in our earnings release in the IR section of our website.


Tesla on track to release $35,000 Model 3 in July

Daily Mail - Science & tech

Elon Musk's electric car firm Tesla has revealed first-quarter revenue that more than doubled and said its upcoming Model 3 was on schedule for July - but downplayed the mass-market vehicle and gave a sales pitch for its more expensive Model S. The firms first-quarter loss widened 17 percent to $330 million as it ramped up spending ahead of the launch of its Model 3 sedan and its solar panel business. Elon Musk has likened future versions of Tesla's Model 3 production line to an'alien dreadnaught' - and last week the first pictures of the factory emerged. Elon Musk's electric car firm Tesla has revealed first-quarter revenue that more than doubled and said its upcoming Model 3 was on schedule for July Chief Executive Elon Musk's bold approach to cars, space exploration and clean energy has fueled investor enthusiasm for Tesla, although skeptics are waiting to see if Musk can fulfill his promise of producing 500,000 cars per year in 2018, six times Tesla's 2016 production. Tesla's comments underscored the additional challenge of keeping up demand for its older models. Shares were down about 1 percent in after-hours trade following the results.


iRobot, KUKA and other robotic stocks exceed earnings expectations

Robohub

KUKA also had good Q1/17 earnings as did Intuitive Surgical. As a result, iRobot adjusted upward their 2017 revenue forecast. According to CEO Colin Angle, iRobot has shipped over 15 million robotic home floor cleaners through 2016. Last year iRobot divested its Defense and Security Division for $45 million to a VC which shortly thereafter launched Endeavor Robotics. Thus iRobot is now exclusively a commercial robotics provider.


Twitter shares up 4% after billionaire investor Cuban buys shares as AI play

#artificialintelligence

The remarks by Cuban came six days after Twitter reported better-than-expected first-quarter earnings. The social media company has used algorithms to combat user harassment, vowing to prevent abusive behavior and block repeat offenders from the site. They've also used machine learning to tailor ads and tweets to users. Twitter said in its first-quarter earnings release, it "continued to use other machine learning techniques to improve the relevance of notifications, which increased engagement and brought people back to Twitter." In March, Chief Executive Jack Dorsey said the impact of AI on society would be "positive," but he appeared unsure if the U.S. government is ready to deal with the impact.


Bitfusion raises $5M for its AI lifecycle management platform

#artificialintelligence

When Bitfusion launched at Disrupt NY 2015, its focus was on helping developers speed up their applications by giving them pre-compiled libraries that made better use of GPUs, FPGAs and other co-processing technologies. That was two years ago. Today, the hottest market for these technologies is in training deep learning models, something that was barely on the radar when the company launched. Unsurprisingly, though, that's exactly what Bitfusion is focusing on now. As the company announced today, it has raised a $5 million Series A round led by Vanedge Capital, with participation from new investor Sierra Ventures and existing investors Data Collective, Resonant VC and Geekdom.