Elastic, the company behind Elasticsearch and the Elastic Stack, announced the appointment of Paul Appleby as president, worldwide field operations. Appleby was most recently the chief executive officer of Kinetica, and will be responsible for enhancing the customer journey, driving global revenue growth, and developing strategies for addressing the large market opportunity for Elastic. Appleby will report to Elastic founder and Chief Executive Officer Shay Banon. Appleby joins Elastic as the company continues to see increasing demand for its enterprise search, observability and security solutions that are built on a single technology stack under a unified pricing model. Elastic's unified, resource-based pricing enables customers to predictably control costs and fuel rapid adoption across its solutions.

Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday …

Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations …

Each week we round up travel startups that have recently received or announced funding. Please email Senior Travel Tech Editor Sean O'Neill at so@skift.com This week, travel startups announced more than $136 million in funding. Omio, the travel booking app, said Wednesday it had raised $100 million (€83.7 million) in convertible debt. Investors included Temasek, Kinnevik, Goldman Sachs, NEA, and Kleiner Perkins.

With a slew of partnerships with large pharmaceutical companies under its belt and the successful spin out of at least one new company, Atomwise has already proved the value of its machine learning platform for discovering and commercializing potential small molecule therapies for a host of conditions. Now the company has raised $123 million in new funding to accelerate its business. "Scaling the technology and scaling the team and scaling what we've been doing with it," says chief executive officer Abe Heifets when asked about what comes next for the eight-year-old business. Atomwise has already signed contracts worth $5.5 billion with corporate partners that include Eli Lilly & Co., Bayer, Hansoh Pharmaceuticals and Bridge Biotherapeutics. Smaller, earlier-stage companies like StemoniX and SEngine Precision Medicine are also using Atomwise's tech.

Artificial intelligence (AI) and machine learning techniques are finding their way into financial services. Ranging from operational efficiencies to more effective detection of fraud and money laundering, firms are embracing techniques that find patterns, learn from them and can subsequently act on signals coming out of large volumes of data. According to Martijn Groot, VP Marketing and Strategy, Asset Control, the most promising, and potentially lucrative, use cases are in investment management though. Among the groups that benefit most are hedge fund managers and other active investors who increasingly rely on AI and machine learning to analyse large data sets for actionable signals that support a faster; better-informed decision-making process. Helping this trend is the increased availability of data sets that provide additional colour and that complement the typical market data feeds from aggregators, such as Bloomberg or Refinitiv, range from data gathered through web scraping, textual analysis of news, social media and earnings calls. Data is also gathered through transactional information from credit card data, email receipts and point of sale (POS) data.

How artificial intelligence fuels revenue growth management. Companies operating in the Consumer Packaged Goods (CPG) segment work under a …

Activision Blizzard reported another quarter of record-setting financial results, with each of its core franchises delivering better-than-expected returns, including Call of Duty, World of Warcraft, Hearthstone, Overwatch and Candy Crush. Activision had 125 million monthly active users in the second quarter, while Blizzard had 32 million, and the company overall reported GAAP net revenues of $1.93 billion, up from $1.4 billion in 2019. Growth across the company's games was spurred by shelter-in-place orders amid the global pandemic. It also happened amid upheaval at Activision Blizzard itself. Activision Blizzard is facing growing pressure from employees and stockholders to address wage disparities at the company.

What are the best robotics and artificial intelligence stocks to buy today? In this time of uncertainty characterized by volatile market movements, economic contraction, and spiraling unemployment, finding stocks to put your money into seems like an arduous task. Some investors might think that the stock market is acting irrationally and puzzled by the quick recovery of stock prices sin the end of March. Economic reality is that long-term real interest rates are negative, the Federal Reserve is flooding the market with cheap credit, and the current economic slowdown is temporary. This is the perfect environment to buy technology stocks which aren't negatively affected by the coronavirus induced lockdowns and economic slowdown.

As IBM (IBM) and Red Hat team up with Adobe (ADBE) on artificial intelligence and personalization technology, Adobe stock is trying to customize a new base and buy point. The IBD Long-Term Leader is also setting its sights on a fresh all-time high. In July, Adobe, IBM and Red Hat announced a strategic partnership aimed at accelerating the digital transformation and strengthening of real-time data security for enterprises, with a focus on regulated industries such as banking and health care. Building on IBM's acquisition of Red Hat in 2018, the goal of the partnership is to "enable companies to deliver more personalized experiences across the customer journey, driving improved engagement, profitability and loyalty." Having already made its own successful shift to a software-as-a-service model, Adobe has become a major player in cloud-based creative, personalization and analytics products.