Just weeks after the U.S. placed a unit of SenseTime Group Inc. on a blacklist for alleged human rights violations, the firm is about to make founder Tang Xiao'ou one of the world's richest people. China's largest artificial intelligence company priced its initial public offering at HK$3.85 (49 cents) per share, raising $5.55 billion. That was the bottom of the expected range, but a signal that despite increased tensions with the U.S. and Beijing's crackdown on tech giants, the country, including its vast surveillance machinery, continues to churn out huge fortunes and massive gains for venture capitalists. Tang, 53, a Massachusetts Institute of Technology graduate and information engineering professor at the Chinese University of Hong Kong, holds a 21% stake in the company and is worth $3.4 billion, according to the Bloomberg Billionaires Index. A representative for SenseTime declined to comment on Tang's net worth.

In a statement, Zurich said that the acquisition would "further enhance" its digital capabilities and help it create "a consistent and efficient approach to developing intelligent virtual assistants across businesses, for both internal and external purposes." "Technology is playing a critical role in advancing Zurich's customer-focused strategy by differentiating the offering, improving the customer experience, and streamlining interactions," Zurich said in its statement. "Conversational AI is central to meeting increasing demand from customers for personalized products and services that are available around the clock." "We have spent decades to learn how to communicate with computers through different programming languages," said Ericson Chan, group information and digital officer at Zurich. "Now it is time for computers to learn how to have a personal conversation with all of us. Natural language processing is key to further enhance customer experience, complementing human interaction in the most natural way. We are very pleased to have AlphaChat join Zurich to help us further advance our digital transformation."

Oracle's gargantuan $28.3 billion acquisition of health care data company Cerner, the largest deal in its 44-year history, is not just about electronic patient records. From algorithmic systems that predict the likelihood a patient will contract sepsis to tech that tracks hospital bed capacity, Cerner will bring an array of cloud-based data analytics and AI technologies to Oracle as it competes with Amazon Web Services, Google, IBM and others to serve the health care industry's data and AI needs. In fact, the deal is poised to shift some business away from AWS, which Cerner named as its preferred cloud partner in 2019. Oracle's acquisition of Cerner, a company that got its start in health care IT in 1979, is expected to close in 2022. The all-cash deal is also expected to improve Oracle's bottom line in its first year, the company said in a press release.

Virtus AllianzGI Artificial Intelligence & Technol (AIO) will begin trading ex-dividend on December 23, 2021. A cash dividend payment of $3.45 per …

In December 2020, we published a list of 10 predictions about the world of artificial intelligence in the year 2021. With 2021 now coming to a close, let's revisit these predictions to see how things actually played out. There is much to learn from these retrospectives about the state and trajectory of AI today. As of the beginning of this year, no autonomous vehicle company had ever gone public. TuSimple, Embark and Aurora have all debuted on public markets this year.

The company intends to use the funds to expand the team of machine learning engineers and CG artists in order to expedite the development of …

In a landmark moment, Sonar is proud to announce the acquisition of the technology and services of AI/NLP experts as they work to expedite the implementation of AI on the Sonar Platform. Meet Raghav and Josh, the newest additions to the ever growing group of developers, innovators, and dreamers who are working tirelessly to bring forth the complete vision of the Sonar Platform. Joining with us several months ago, we have now reached a developmental position to publicly announce their presence! Raghav has over 4 years of blockchain development experience, with a Master's Degree in Artificial Intelligence. Previously, he has founded an AI startup with over 7.5 million active users, and is specialized in bringing AI research to production systems. Josh has over 10 years of programming experience with expertise in Data Engineering and Web Scraping, as well as over 5 years of blockchain development in production systems.

Philadelphia, PA, Nov. 29, 2021 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS) ("VSBLTY"), a leading software provider of security and retail analytics technology, today issued its CEO Update to highlight Q3 financial performance as well as recent corporate milestones. VSBLTY CEO & Co-founder Jay Hutton said, "VSBLTY is pleased to report that the third quarter bookings were a strong $4.5 million USD, resulting in a booked to revenue ratio of over 8 to 1 and providing a leading indicator of the Company's revenue growth potential. Q3 revenue reached $522,683 USD, reflecting continued strong sales of both retail and security solutions." Hutton added, "Further encouraging is that Q4 revenue is already considerably ahead of Q3 results and we are anticipating a strong finish to this calendar year." Since the end of Q3 the Company has seen a significant increase in the exercise of its previously issued Warrants, resulting in cash inflows of over $2.8 million USD.

As every aspect of modern life becomes more and more digitized, not just the economies of nations, but their sovereign influence will rely more and more on their command of technology, and especially the emerging technology of artificial intelligence (AI). In the 21st-century information technology revolution, whoever reaches a breakthrough in developing AI will come to dominate the world. "Artificial intelligence is a resource of colossal power," Russian President Vladimir Putin said at AI Journey 2019 conference, a major Eastern European forum on AI held in Moscow on Nov. 9, 2019. "Those who will own it will take the lead and will acquire a huge competitive edge." Putin expressed his concern about Russia's role in the artificial intelligence race in the forum--its two competitors, the United States and China, are far ahead of other countries in the AI race. "We must, and I am confident that we can become one of the global leaders in AI. This is a matter of our future, of Russia's place in the world," Putin added. Though the United States is still the world leader in terms of AI, China is quickly moving to take its place. On Oct. 16, Nicolas Chaillan, the former chief software officer of the U.S. Air Force, told The Epoch Times that the United States is set to lose the AI race against communist China if Washington doesn't act fast.

Research and innovation in artificial intelligence in the food manufacturing sector are on the rise. The most recent figures show the number of AI patent applications in the industry stood at 17 in the three months ending September – up from 11 over the same period last year. Figures for patent grants related to AI followed a similar pattern to filings – growing from 14 in the three months ending September last year to 29 this year. The figures are compiled by GlobalData, which tracks patent filings and grants from offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries. AI is one of the key areas tracked by GlobalData.