Financial News
Snowflake to accelerate ML projects with Tecton and Feast feature stores
Snowflake is getting new feature stores, as an increasing number of enterprise teams look at the data company to build and deploy machine learning applications. In a statement on Wednesday, Tecton announced a partnership with the data giant under which the former's feature store, known for managing the complete lifecycle of machine learning (ML) features, as well as the open-source one from Feast will be integrated with the Snowflake Data Cloud. The move, as the companies explained, will give enterprise data scientists a fast yet simple way to build production-grade features for a broad range of operational ML use cases, starting from fraud detection and product recommendation to real-time price tracking. Enterprises using cloud data platforms (such as Snowflake) for ML projects can run into issues such as distinct pipelines during implementation or training data leakages/inaccuracies. This can slow the development time, affecting the delivery of the project.
Alife Health raises 22 million in a Series A
Alife Health, the fertility technology company building artificial intelligence tools to advance in-vitro fertilization (IVF), announced today it has raised $22 million in Series A financing co-led by existing Seed lead Deena Shakir at Lux Capital, and new investors Rebecca Kaden at Union Square Ventures and Anarghya Vardhana at Maveron, both of whom will also be joining Alife's Board of Directors. Alife's mission is to enhance IVF clinical decision-making with personalized, data-driven patient insights, ultimately helping clinicians maximize each patient's chances of success while lowering costs and barriers to access. Today, the 180 million people around the world who struggle with infertility face treatment options that are both expensive and inaccessible. The average IVF cycle can cost up to $25,000 in the U.S., and patients typically go through 3 to 5 cycles to have a baby. Successful pregnancies from IVF rely on a complex set of clinical decisions to deliver the optimal care for each patient.
The 12 Industries Amazon Could Disrupt Next - CB Insights Research
Since 1999, Amazon's disruptive bravado has made "getting Amazoned" a fear for executives in any sector the tech giant sets its sights on. Here are the industries that could be under threat next. Jeff Bezos once famously said, "Your margin is my opportunity." Today, Amazon is finding opportunities in industries that would have been unthinkable for the company to attack even a few years ago. Throughout the 2000s, Amazon's e-commerce dominance paved a path of destruction through books, music, toys, sports, and a range of other retail verticals. Big box stores like Toys "R" Us, Sports Authority, and Barnes & Noble -- some of which had thrived for more than a century -- couldn't compete with Amazon's ability to combine uncommonly fast shipping with low prices. Today, Amazon's disruptive ambitions extend far beyond retail. With its expertise in complex supply chain logistics and competitive advantage in data collection, Amazon is attacking a whole host of new industries. The tech giant has ...
Run:ai Raises $75M in Series C Round to Accelerate AI Adoption Worldwide
Run:ai, the company simplifying AI infrastructure orchestration and management, today announced that it has raised $75M in Series C round led by Tiger Global Management and Insight Partners, who led the previous Series B round. The round includes the participation of additional existing investors, TLV Partners and S Capital VC, bringing the total funding raised to date to $118M. Run:ai has grown sharply, with a 9x increase in Annual Recurring Revenue in the last year, while the company's staff more than tripled over the same period. The company plans to use the investment to further grow its global teams and will also be considering strategic acquisitions as it develops and enhances the company's Atlas software platform. Omri Geller, Run:ai CEO and co-founder, said, "It may sound dramatic, but AI is really the next phase of humanity's development. When we founded Run:ai, our vision was to build the de-facto foundational layer for running any AI workload. Our growth has been phenomenal, and this investment is a vote of confidence in our path. Run:ai is enabling organizations to orchestrate all stages of their AI work at scale, so companies can begin their AI journey and innovate faster."
3 Top Artificial Intelligence Stocks to Buy in March
Artificial intelligence (AI) is often used as a buzzword when companies are trying to sell their product. They often have some form of AI, but it really isn't as much of a game-changer as it is hyped up to be. However, three businesses with real AI products making a difference in the industry are Nvidia ( NVDA -2.46%), CrowdStrike ( CRWD -0.25%), and C3.ai ( AI -9.82%). This trio of stocks is highly diversified and gives investors three different avenues to approach an investment in AI. Nvidia provides the hardware powering AI technology, CrowdStrike uses AI in cybersecurity, and C3.ai's tools help enterprises predict the future across a massive organization. When deployed correctly, artificial intelligence can make a huge difference in a product, and each of these businesses achieves that.
Global Big Data Conference
Microsoft has completed its acquisition of Siri backend creator Nuance in a bumper deal that it says will usher in a "new era of outcomes-based AI". "Completion of this significant and strategic acquisition brings together Nuance's best-in-class conversational AI and ambient intelligence with Microsoft's secure and trusted industry cloud offerings," said Scott Guthrie, Executive Vice President of the Cloud AI Group at Microsoft. "This powerful combination will help providers offer more affordable, effective, and accessible healthcare, and help organisations in every industry create more personalised and meaningful customer experiences. I couldn't be more pleased to welcome the Nuance team to our Microsoft family." Nuance became a household name (in techie households, anyway) for creating the speech recognition engine that powers Apple's smart assistant, Siri. However, Nuance has been in the speech recognition business since 2001 when it was known as ScanSoft.
Microsoft acquires Nuance to usher in 'new era of outcomes-based AI'
Microsoft has completed its acquisition of Siri backend creator Nuance in a bumper deal that it says will usher in a "new era of outcomes-based AI". "Completion of this significant and strategic acquisition brings together Nuance's best-in-class conversational AI and ambient intelligence with Microsoft's secure and trusted industry cloud offerings," said Scott Guthrie, Executive Vice President of the Cloud AI Group at Microsoft. "This powerful combination will help providers offer more affordable, effective, and accessible healthcare, and help organisations in every industry create more personalised and meaningful customer experiences. I couldn't be more pleased to welcome the Nuance team to our Microsoft family." Nuance became a household name (in techie households, anyway) for creating the speech recognition engine that powers Apple's smart assistant, Siri.
1 Artificial Intelligence Growth Stock to Buy Now and Hold for the Long Term
Artificial intelligence (AI) promises to be one of the most transformative technologies of our time. It has already proven it can reliably complete complex tasks almost instantaneously, eliminating the need for days or even weeks of human input in many cases. The challenge for companies developing this advanced technology is building a business model that can deliver it efficiently since AI is a brand-new industry with little existing precedent. That's what makes C3.ai ( AI 1.65%) a trailblazer, as it's the first platform AI provider helping companies in almost any industry access the technology's benefits. C3.ai just reported its fiscal 2022 third-quarter earnings result, and it revealed continued growth across key metrics, further cementing the case for owning its stock for the long run.
Time to Buy This Beaten-Down AI Tech Stock?
This has been a brutal earnings season for investors who hold a lot of growth stocks. Markets are down, and Wall Street sentiment is shifting toward safer, more established businesses. Many of these growth stocks are issuing conservative outlooks for the fiscal year ahead, too, after several years of booming gains. It was still jarring to see Ambarella ( AMBA -6.21%) shares fall over 30% after the company reported solid fourth-quarter results. The company, which develops AI video processing tech in the autonomous driving and security markets, has some big markets it can target over the next few years.
Elon Musk is placing a bet on robots. It could be a long time coming
Tesla CEO Elon Musk said Wednesday that he believes the company's goal of a humanoid robot is the most important thing it's working on. The electric vehicle manufacturer first announced its robot plans at its AI Day last year. Instead of showing off any sort of prototype, a person in a robot suit walked stiffly on stage and proceeded to dance, spin and pretend to jump rope. "Obviously that was not real," Musk told the audience, after thanking the person for their robot performance. On the company's earnings call Wednesday, Musk said of its planned robot, "This I think has the potential to be more significant than the vehicle business over time."