Press Release


Know Your Robot: How can RPA help Banks address AML/KYC Regulations?

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The AML/KYC regulatory landscape continues to impose greater costs to financial institutions as they begin to collect, refresh, and analyze more and more customer data. New Customer Due Diligence (CDD) requirements set forth by the Financial Crimes Enforcement Network (FinCen) include the Final Rule for beneficial ownership and control, and with effect from May 11, 2018, and the EU 5th AML Directive, which also mandates beneficial ownership collection for legal entity customers. Fines for AML and KYC deficiencies have topped billions of USD for both US and EU banks for lack of sufficient AML/KYC programs, failure to file Suspicious Activity Reports (SARs), CDD deficiencies, and other violations. The implications for financial institutions go well beyond additional documentation for customers to complete. The current AML/KYC regulatory framework calls for the implementation of a substantial framework to collect and analyze customer data on both a retroactive and ongoing basis.


Cylance raises $120 million to grow its AI-powered cybersecurity platform globally

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Cylance, a cybersecurity startup that leverages artificial intelligence and machine learning to combat online attacks, has raised $120 million in a series E round of funding led by Blackstone Tactical Opportunities, with participation from other unnamed investors. Founded in 2012 by Stuart McClure, an entrepreneur who sold an Internet security firm to McAfee for $86 million in 2004, Cylance is an endpoint protection platform designed to thwart malware, ransomware, and other forms of advanced threats using AI. Its suite of algorithm-based security protocols essentially inspect networks for weaknesses and shuts them down if any are detected. Cylance claims in excess of 4,000 customers, and said that it has revenues of $130 million for the 2018 fiscal year, representing a year-on-year growth of 90 percent. Prior to now, Cylance had raised around $177 million, including a $100 million tranche two years ago, and with another $120 million in the bank it said that it plans to double down on its global expansion efforts, with a particular focus on Europe, the Middle East, and Asia Pacific, and extend its product range.


Cylance raises $120 million to grow its AI-powered cybersecurity platform globally

#artificialintelligence

Cylance, a cybersecurity startup that leverages artificial intelligence and machine learning to combat online attacks, has raised $120 million in a series E round of funding led by Blackstone Tactical Opportunities, with participation from other unnamed investors. Founded in 2012 by Stuart McClure, an entrepreneur who sold an Internet security firm to McAfee for $86 million in 2004, Cylance is an endpoint protection platform designed to thwart malware, ransomware, and other forms of advanced threats using AI. Its suite of algorithm-based security protocols essentially inspect networks for weaknesses and shuts them down if any are detected. Cylance claims in excess of 4,000 customers, and said that it has revenues of $130 million for the 2018 fiscal year, representing a year-on-year growth of 90 percent. Prior to now, Cylance had raised around $177 million, including a $100 million tranche two years ago, and with another $120 million in the bank it said that it plans to double down on its global expansion efforts, with a particular focus on Europe, the Middle East, and Asia Pacific, and extend its product range.


Sonasoft (SSFT) to Become an AI-First Company with New Artificial Intelligence (AI) Innovations

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Sonasoft Corporation is a publicly traded corporation and is listed on the OTC Markets under the trading symbol SSFT. Sonasoft is now an AI-first company. The Company intends to integrate artificial intelligence (AI) into the Company's core business model, which includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Sonasoft's signature products for eDiscovery tools, which include SonaVault 5.0 Email Archiving and eDiscovery Software, as well as SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of small and medium-sized businesses, governments, school districts, organizations, and enterprises. The company also launched SonaSecure, which protects systems from ransomware and other email-based threats as well as provides email continuity services.


TRIFECTA: Artificial Intelligence, Blockchain Tech, Cannabis Legalization - Mega IPO!

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Globalive stock tickers are TSX-V:LIVE and OTC:LVVEF Blockstrain stock tickers are TSX-V:DNAX and OTC:BKKSF Disclaimer: This video may contain forward-looking statements, including, without limitation, statements containing the words "believes", "expects", "plans", "estimates" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Globalive Technology Inc. or Blockstrain Technology Corp., or industry results, to be materially different from any future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the audience is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as at the date of this video. Globalive Technology Inc. and Blockstrain Technology Corp. expressly disclaim any obligation to update any such forward-looking statements in this video to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.


SIOS Technology Opens R&D Facility at University of South Carolina to Advance Artificial Intelligence and Application Availability Technologies through Collaboration with Faculty and Students - SIOS

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SAN MATEO, CA and COLUMBIA, SC – June 21, 2018 – SIOS Technology Corp., the industry pioneer in the application of artificial intelligence (AI) to help enterprises lower costs and ensure resilience of their critical information technology infrastructures, today announced the opening of the SIOS R&D facility at the M. Bert Storey Engineering and Innovation Center at the University of South Carolina's College of Engineering and Computing in Columbia. The new facility will serve as the SIOS R&D center for product development and is strategically located at the University for the purpose of advancing collaborative research in AI and machine learning through collaboration with students and faculty. With the new R&D facility located on-campus, students will have an opportunity to work with the latest AI technologies on projects addressing real-world problems alongside senior research engineers at SIOS. In turn, SIOS has the unique opportunity to participate deeply in a vibrant and rich academic community, tapping into academic programs, intern programs, Capstone projects, and helping to design meaningful research projects. To support the fostering of leading-edge research in AI, SIOS has also awarded the University a $475,000 grant for the use of its SIOS iQ software.


Amazon launches Alexa for Hospitality to bring voice-enabled services to hotel guests

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Amazon has announced a new program designed to help hotels deploy Alexa's voice-enabled smarts across their properties. Though Amazon's Alexa-powered Echo speakers are growing in popularity across the domestic realm -- helping users control their doors, lights, and search the web using nothing but their voice -- the internet giant has been targeting the hospitality sector for a while already. High-end hotel firm Wynn Resorts has been placing thousands of Amazon Echo speakers in its hotels since last summer, for example. And as of April, Alexa has been able to make phone calls in hotel rooms. Put simply, Amazon recognizes that hotels are a perfect showcase for its automated AI technologies.


Global Artificial Intelligence in Construction Market: Analysis, Strategic Assessment of Evolving Technology, Trends, Application - Press Release - Digital Journal

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Pune, India -- (SBWIRE) -- 06/19/2018 -- The Artificial Intelligence is used in the creation of construction plans. Autonomous equipment is considered as AI as it is aware of its surroundings and is capable of navigation without human input. In the planning stages, AI machinery can survey a proposed construction site and gather enough information to create 3D maps, blueprints and construction plans. This helps to save firms both time and money in the form of labor. "The reports expect the Global Artificial Intelligence (AI) in construction Market to grow from USD 407.2 million in 2018 to USD 1,831.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period."



RPA is Creating a Billion-Dollar Market While No One is Looking - RTInsights

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RPA, which covers AI and machine learning capabilities used to handle high-volume, repeatable tasks that once needed humans, is coming. RPA stands for Robotic Process Automation, but don't be confused: it doesn't refer to R2D2, or any of the Kiva robots scurrying around the Amazon warehouse. RPA is language that covers the broad use of software with artificial intelligence (AI) and machine learning capabilities to handle high-volume, repeatable tasks that previously required humans to perform. Given the innovation it represents and the pain points it satisfies, RPA is quickly making its way towards a billion dollar revenue market. In recent months alone, leading startups in the space have raised over $300 million for their RPA systems.