Financial News
Insurance tech startup Cape Analytics raises $14m to expand US team
Cape Analytics has secured $14 million in a round led by venture firm Formation 8, with Shirish Sathaye, one of its general partners, joining the startup's board of directors. Other investors contributing to this round include Data Collective, XL Innovate, Lux Capital, Khosla Ventures, Promus Ventures, and Montage Ventures. This is the first time Cape Analytics has raised external investment. The funding will be used to expand the startup's engineering and sales teams across the US. Founded in 2014 by Ryan Kottenstette and Suat Gedikli, Cape Analytics combines computer vision, geospatial imagery, and machine learning to extract property data.
Amazon to launch 'home assistant' service that can clean your house and unpack the shopping
Now Amazon can clean your house and unpack the shopping too: Firm set to launch'home assistant' service According to to the ad, workers will be'working with customers each day with tidying up around the home, laundry, and helping put groceries and essentials like toilet paper and paper towels away.' Amazon.com reported a lower-than-expected quarterly profit on Thursday as expenses rose and the company provided a disappointing fourth-quarter revenue forecast. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. By posting your comment you agree to our house rules.
SoftBank's quarterly profit doubles on strong Japan results
SoftBank also sells the Pepper human-shaped companion robot for homes and businesses, and runs a solar energy business in Japan, highlighting a critical stance against nuclear energy that has spread since the 2011 Fukushima disaster. Its investment empire encompasses financial technology and ride-booking services.
Samsung Galaxy S8 To Come With An AI Assistant Service
Samsung Electronics announced Sunday that it will include an artificial intelligence assistance service in its upcoming Galaxy S8 smartphones. In addition to the Galaxy smartphone, the virtual assistance will also be incorporated into other products, including home appliances and wearable technology devices, according to media reports. "Our Galaxy smartphones don't provide services that enable consumers to order pizza or coffee, but does provide third party applications. But the new AI platform will enable consumers to do things that they would usually do through a separate third party application," Samsung reportedly said in a statement. Samsung, which plans to launch the Galaxy S8 early next year, recently announced the acquisition of the San Jose, California-based AI company Viv Labs, which was founded by the creators of Apple's Siri service.
Unbabel Raises $5 Million to Bring Artificial Intelligence to Global Translation Market
This brings the three-year-old company's total funding to over $8 million. The company will use the funds to build out the "Unbabel Language Engine" โ its proprietary technology platform that combines Natural Language Processing, artificial intelligence, quality estimation algorithms, and a global network of 40,000 human post-editors. This will enable cost-effective, quality translations for conversational content in emails and chat on a global scale. "With a $38 billion market in translation services, it's clear that the expense is huge for any company looking to do business in a multilingual world. However, this market is comprised of an incredibly long tail of high-cost, low-tech, and massively inefficient solutions where the business model is basically'throw more humans at it,'" explained Vasco Pedro, Co-Founder and CEO of Unbabel.
Activision's infinite boost from 'Call of Duty'
If you care about money, the economy and corporate America, earnings season matters. The action in the new video game'Call of Duty: Infinite Warfare' goes into outer space. Activision Blizzard heads into Friday's release of its blockbuster video game franchise Call of Duty on a roll. The arrival of Call of Duty: Infinite Warfare, expected to be the biggest-selling video game of the year, comes just hours after the Santa Monica, Calif.-based game publisher Thursday reported better-than-expected third-quarter earnings. Activision Blizzard, the No. 1 U.S. game publisher, reported earnings per share of 26 cents, compared to 17 cents in the July-September period a year ago.
Activision's infinite 'Call of Duty' boost
If you care about money, the economy and corporate America, earnings season matters. Activision Blizzard annually gets a boost from its blockbuster video game franchise Call of Duty, the latest edition of which hits Friday. The arrival of Call of Duty: Infinite Warfare, expected to be the biggest-selling video game of the year, comes just hours after the Santa Monica, Calif.-based game publisher reports its third-quarter earnings upon today's market closing. Having seen Activision Blizzard's stock hit all-time highs in recent days --topping out with an intraday high Oct. 25 of $45.55 -- Wall Street analysts expect the No. 1 U.S. game publisher to surpass its own forecasts of Q3 revenue of $1.49 billion and earnings of 6 cents per share. Analysts polled by S&P Global Market Intelligence expect $1.56 billion and 8 cents per share.
Sophos has acquired Irish Machine Learning Vendor Barricade
Sophos has announced the acquisition of Irish security firm Barricade, adding behavior-based analytics to its endpoint offering. Barricade offer a technology platform that it claims can enhance the ability to identify malicious or suspicious behaviour by using machine learning and artificial intelligence. It said that this works by extending the capabilities of rule-based detection technologies, that will be increasingly challenged to keep up with the growth of sophisticated and complex attack patterns. Sophos will maintain the offices in the Republic of Ireland with Barricade CEO David Coallier and the team of developers, data scientists and engineers joining the Sophos Cloud group. Coallier said: "We are proud of the technology we have built and are pleased to join the team at Sophos focused on artificial intelligence and machine learning based security analytics. Driving the development of our technology into a comprehensive security solution that every IT professional can use presents us with the next phase in our exciting journey."
Pegasystems' (PEGA) CEO Alan Trefler on Q3 2016 Results - Earnings Call Transcript
At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. It is now my pleasure to introduce your host Ken Stillwell, CFO and Senior VP of Pegasystems. Before we begin, I'd like to read our Safe Harbor Statement. Certain statements contained in this presentation, including but not limited to, statements related to future earnings, bookings, revenue and mix of license revenue may be construed as forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. The words expects, anticipates, intends, plans, believes, could, estimates, may, targets, strategies, intends to, projects, forecasts and guidance, and other similar expressions, identify forward-looking statements, which speak only as of the date the statement was made and are based on current expectations and assumptions. Because such statements deal with future events, they are subject to various risks and uncertainties. Actual results for the fiscal year 2016 and beyond could differ materially from the Company's current expectations. Factors that could cause the Company's results to differ materially from those expressed in the forward-looking statements are contained in the Company's press release announcing its Q3 2016 earnings, and in the Company's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the quarter ended September 30, 2016, its Annual Report on Form 10-K for the year ended December 31, 2015 and other recent filings with the SEC. Although subsequent events may cause the Company's view to change, the company undertakes no obligation to revise or update forward-looking statements, whether as a result of new information, future events or otherwise, since these statements may no longer be accurate or timely. And with that, I'll turn the call over to Alan Trefler, Founder and CEO of Pegasystems. I'm pleased it was a strong Q3, overall. Q3 is generally provide limited visibility given vacations and schedules especially in Europe. And I had spoken about Brexit on the last call and I'm pleased to say that concerns have not materialized with the exception of currency of course. And I'm pleased to see the continued progress we're making towards having less lumpy quarters despite the inherent lumpiness of this business, even in the face of those currency headwinds. Those currency headwinds caught a couple of points off of our results.
Xero's 48 percent revenue jump overshadowed by NZ$43.9m H1 loss
Cloud accounting firm Xero has released its financial results for the first half of FY17, posting a net loss after tax of NZ$43.9 million. The New Zealand-based company experienced a 48 percent year-on-year increase in revenue to NZ$137 million; however, earnings before interest, taxation, depreciation, and amortisation (EBITDA) was down 23 percent over the same period last year, to come in at a loss of NZ$25.9 million. Xero CEO and founder Rod Drury said his company remains focused on driving diversified global growth and executing on its business strategy. "Our focus is to build a sustainable global business with high margins, while managing our cash. Our revenue growth has allowed us to continue the significant investment in our platform, back-office, and team to support our global footprint," Drury said.