Financial News
6sense Expands AI Offerings With Revenue AI
The platform leverages AI throughout the buyer's journey, eliminating the guesswork that plagues revenue teams, improving the customer experience and generating high-quality pipelines that are more likely to convert. According to Jason Zintak, CEO of 6sense, the platform offers all-in-one AI and is revenue-obsessed because it has seen what is possible when a complete revenue team has access to AI. Artificial intelligence has the potential to displace hunch-based techniques in favor of real-time, data-driven insights and next best actions. Thus, the key focus of the announcement is artificial intelligence. The results generate consistent revenue growth. "We've experienced the frustration that guesswork causes and how it impedes revenue generation," Zintak told CMSWire.
GoodRx Closes Acquisition of vitaCare, A Tech-Enabled Pharmacy Services Platform
GoodRx a leading consumer-focused digital healthcare platform, announced the completion of its previously announced acquisition of vitaCare for $150 million in cash, with an additional $7 million of consideration contingent payment upon vitaCare's financial performance through 2023. VitaCare is a pharmacy services platform that expands GoodRx's offering to pharmaceutical manufacturers while helping to improve patient access and adherence to affordable brand drugs. The acquisition will enable GoodRx to help more patients receive their prescriptions in an efficient, affordable, and transparent manner, and stay on their prescribed therapies as long as appropriate. In addition, the acquisition is expected to further strengthen our rapidly growing Pharma Manufacturer Solutions offerings which span medication awareness, access, and adherence with unique capabilities. "The vitaCare acquisition gives us unique capabilities to facilitate the brand prescription process from start to finish, expanding our capabilities beyond our digital platform and into the patient's pharmacy journey," said Doug Hirsch, co-CEO and co-founder of GoodRx.
10 startups riding the wave of AI innovation
We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Organizations are increasingly adopting AI-enabled technologies to address existing and emerging problems within the enterprise ecosystem, meet changing market demands and deliver business outcomes at scale. Shubhangi Vashisth, senior principal research analyst at Gartner, said that AI innovation is happening at a rapid pace. Vashisth further noted that innovations including edge AI, computer vision, decision intelligence and machine learning will have a transformational impact on the market in coming years. However, while AI-powered technologies are helping to build more agile and effective enterprise systems, they usher in new challenges. For example, Gartner notes that AI-based approaches if left unchecked can perpetuate bias, leading to issues, loss of productivity and revenue.
2 AI Stocks That Could Make You a Millionaire
Sophisticated entrepreneurs and parents are in the early stages of mass market growth. The Artificial Intelligence (AI) software market is expected to grow 21% this year, while the overall AI market is expected to grow at a CAGR of 40% by 2028. Investors will be hard pressed to find another market with the expected strength. The key players in this market are Nvidia (NVDA-2.10%) and IBM (IBM 0.10%), both of which are moving towards enabling more efficient and automated lifestyles with potential for improvement and life-saving potential. Both can provide the resources needed to build your long-term portfolio.
IntelyCare Secures $115M for Intelligent Nurse Staffing Platform at $1.1B Valuation
IntelyCare, a Quincy, MA-based tech-enabled nurse staffing platform for healthcare organizations announced it has secured $115M in a Series C financing round led by Janus Henderson Investors with participation from new and existing investors Longitude Capital, Leeds Illuminate, Endeavour Vision, Revelation Partners, and Kaiser Permanente Ventures. That latest round of funding brings IntelyCare's valuation to $1.1 billion. With nurse shortages expected to surpass 1 million this year, technologies like IntelyCare's are essential to protect the health of the nation. The post-acute space is poised to grow tremendously as providers strive to increase hospital throughput to reduce costs and drive better patient outcomes. Post-acute care will be increasingly distributed in the future, most notably in the home setting, which will require technology to efficiently bring together care providers and patients.
How to know when AI is the right solution
AI adoption is on the rise. According to a recent McKinsey survey, 55% of companies use artificial intelligence in at least one function, and 27% attribute at least 5% of earnings before interest and taxes to AI, much of that in the form of cost savings. As AI will dramatically transform nearly every industry it touches, it's no surprise that vendors and enterprises are looking for opportunities to deploy AI everywhere they can. But not every project can benefit from AI and attempting to apply AI inappropriately can not only cost time and money but also sour employees, customers, and corporate leaders on future AI projects. The key factors for determining whether a project is suitable for AI are business value, availability of training data, and cultural readiness for change.
Gupshup Inks Deal to Acquire Conversational AI Platform Active.Ai - Fintech Singapore
Conversational messaging platform Gupshup announced the acquisition of Active.Ai, a conversational AI platform used by banks and fintech firms. The sum was not disclosed. The acquisition aims to strengthen Gupshup's customer experience solutions for its banking, financial services and insurance (BFSI) customers. Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries with its Conversational Banking as a Service (CBaaS) platform. Active.Ai said it has enabled more than 300 million user interactions via voice, video and messaging, managed over 30 million service requests and fulfilled 50 million plus enquiries in aggregate, with 95 percent accuracy.
Should You Buy the Dip In This Top Automotive Chip Company?
Ready or not, autonomous driving car features are coming. Starting with model year 2024, Nvidia's ( NVDA -2.10%) DRIVE Orin chip and sensor system will be available for use among automakers. But there are other ways to play the development of vehicle autonomy. One of them is small chip designer Ambarella ( AMBA -2.35%). After more than doubling its stock price over the last three years (which includes the recent 60%-plus sell-off from all-time highs), Ambarella is putting up solid numbers as its computer vision chips find their way into more automaker technology designs.
Your next car could have Intel inside with the chipmaker's new auto division
Intel's Ponte Vecchio processor uses advanced packaging techniques the chipmaker plans to offer automakers, too. Intel on Thursday announced a new division to design and sell chips that will help carmakers modernize vehicles and the processors that power them. The chipmaker is trying to cash in on a fast-growing market for the semiconductors it builds. For automakers, processors in 2019 represented 4% of a car's cost, but it's going to soar to 20% by 2030, Intel predicts. That's because cars are becoming computers on wheels, with developments like autonomous vehicle technology, driver assistance features like automatic emergency braking, chips that monitor everything from tire pressure to battery temperature, and ever fancier dashboard displays and entertainment systems.
SparkCognition Acquires Integration Wizards
SparkCognition, a global leader in artificial intelligence (AI) software solutions perfected for business, is pleased to announce it has signed a definitive agreement to acquire Integration Wizards, a leader in visual AI. Through this acquisition, SparkCognition expands its IP portfolio to include computer vision capabilities, bringing greater value to its industry solutions. The technology leverages new and diverse data sets, including CCTV feeds, drone footage, video from handheld devices, and existing camera infrastructures. The solution can be deployed in hours or days, and helps address critical problems, including safety, security, visual inspection, productivity, and situational awareness. "With advanced visual AI that can recognize complex scenes and activities we further amplify the value we deliver to our customers while leveraging existing infrastructure investments," said Amir Husain, Founder and CEO of SparkCognition.