Having recently turned a corner in profitability, Nuance (NASDAQ:NUAN) trades at a PEG ratio of 0.0762. For reference, Apple (NASDAQ:AAPL) has a PEG of 0.2012. Nuance is 1/60th the size of Apple. Nuance has an EV/EBITDA TTM of 25.07. Nuance has a Price/Sales ratio of 4.075.

The brightest light in Apple's (NASDAQ:AAPL) quarterly earnings report came from sales of its iPhone 4S, whose most defining feature is the voice recognition assistant Siri. The phone's eye popping growth, particularly in Asia where it launched in January, was likely behind Nuance's (NASDAQ:NUAN) upside guidance issued on April 26th. Of course, consumer sales to OEMs like Apple still account for less revenue than Nuance's healthcare division, which is riding a wave higher in medical transcription. But, voice driven consumer electronics are increasingly important to Nuance's growth story. Following the launch of the 4S last fall, phones at Nuance were likely lit up by manufacturers looking to close the gap with Apple. In Nuance's Q4 earnings call, CEO Paul Ricci described interest in its solutions as "unprecedented".

The owner of Truck Gear SuperCenter, a Houston-based truck-accessory retailer, Towry, 62, once served as CEO of Leer, a $400-million-a-year manufacturer of truck accessories. "I'm very seasoned at managing a business," he says. And he appeared to be doing a good job at Truck Gear since he started the company in 2001. Revenue rose 25% to $2.5 million in 2004, while profits climbed 32%. When he learned about ProfitCents, a web-based accounting software program, he tried it mainly out of curiosity.

Fraugster, a German and Israeli startup that has developed Artificial Intelligence (AI) technology to help eliminate payment fraud, has raised $5 million in funding. Earlybird led the round, alongside existing investors Speedinvest, Seedcamp and an unnamed large Swiss family office. The new capital will be used to add to Fraugster's headcount as it expands internationally. Founded in 2014 by Max Laemmle, who previously co-founded payment gateway company Better Payment, and Chen Zamir, who I'm told has spent more than a decade in different analytics and risk management roles including five years at PayPal, Fraugster says it's already handling almost $15 billion in transaction volume for "several thousand" international merchants and payment service providers, including (and most notably) Visa. Its AI-powered fraud detection technology learns from each transaction in real-time and claims to be able to anticipate fraudulent attacks even before they happen.

Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. According to the Wall Street Journal, artificial intelligence spending is geared up for a major boom, and some of Silicon Valley's wealthiest are investing big to ensure AI's road ahead is not just safe but ethically sound. The Ethics and Governance of Artificial Intelligence Fund aims to support global efforts to "[advance] the development of ethical AI in the public interest," and specifically in areas of education and applied research.

NEW DELHI: Artificial intelligence (AI) will play fundamental role in the success of an organisation's strategy but stringent ethical standards are also needed to ensure the success of the new technology, a report by Infosys today said. The report said organisations that have already deployed or have plans to deploy AI technologies expect to see a 39 per cent increase on an average in their revenues by 2020, alongside a 37 per cent reduction in costs. Also, companies in India and China are much more likely to state that they are ahead of industry competitors when it comes to AI use, followed by Germany, the US, the UK, France, it added. About 76 per cent respondents cited AI as fundamental to the success of their organisation's strategy, and 64 per cent said future growth of the company is dependent on large-scale AI adoption. The report also highlighted the ethical and job related concerns with 62 per cent respondents saying stringent ethical standards are needed to ensure the success of AI. "However, most respondents seem optimistic about redeploying displaced employees with higher value work. The majority, 85 per cent, plan to train employees about the benefits and use of AI," the report said.

Microsoft Corp. is buying into Canada's artificial intelligence research community with a deal to purchase Maluuba, a deep-learning and AI– technology startup based in Waterloo, Ont., and Montreal. The company, founded in 2011 by two University of Waterloo grads, focuses on teaching machines to read like a human brain – a massive computer science challenge that has bedevilled researchers for decades. Early on, the company also developed language-recognition software for voice assistants in smartphones and cars. The company raised $9-million in venture funding in January, 2016, but neither company released details Friday about the sale price. "Microsoft representatives met with Maluuba employees earlier today in both Waterloo and Montreal. We are currently working on integration plans and expect most, if not all, employees will join Microsoft."

This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including the features, functionality, expectations, timing and availability of AMD Radeon Instinct products, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as „would," „may," „expects," „believes," „plans," „intends," „projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this document are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation's dominance of the microprocessor market and its aggressive business practices may limit AMD's ability to compete effectively; AMD is party to a wafer supply agreement with GLOBALFOUNDRIES Inc. (GF) with obligations to manufacture products at GF with certain exceptions.

Data-focused crop-management startup FarmLogs has raised $22 million in a funding round led by Naspers Ventures, the VC arm of South African media giant Naspers, with participation from existing investors Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel, and Y Combinator president Sam Altman. Founded out of Ann Arbor, Michigan in 2011, Y Combinator alumnus FarmLogs uses data science and machine learning smarts to help farmers garner insights into what's happening in their fields in order to maximize their yield, reduce waste, and increase profitability. The platform monitors metrics such as crop health, rainfall, nitrogen levels, and more, while enabling users to record and share scouting notes with photos from specific locations in a field. Farmers can access this data through native mobile apps for Android and iOS. Today, FarmLogs claims its platform is used by more than a third of row crop farms in the U.S. Prior to now, FarmLogs had raised $15 million, and with its latest cash injection the company says it plans to expand its team and expedite product development.

Microsoft announced this morning that it has acquired Maluuba, a Toronto startup focused on using deep learning for natural language processing. Deep learning is an approach to artificial intelligence currently in vogue that has driven incredible gains in the field over the last five years. As Microsoft wrote in the blog post announcing the purchase, "We've recently set new milestones for speech and image recognition using deep learning techniques, and with this acquisition we are, as Wayne Gretzky would say, skating to where the puck will be next -- machine reading and writing." The Verge covered Maluuba in the summer of 2016, when the startup shared the results of an AI system that could read and comprehend text with near human capability, outperforming similar systems shown off by Google and Facebook. Along with acquiring the company, Microsoft has also established closer ties with Yoshua Bengio, a pioneer in the field of deep learning who served as an advisor to Maluuba, and will now become and advisor to Microsoft's AI division.