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Sense raises $50M to bolster recruitment efforts with AI

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Recruiting is a top concern for enterprises in 2021. In a survey by XpertHR, roughly one-half of responding employers plan to increase their workforce in 2021, but expect that hurdles will stand in the way. A high volume of low-quality applicants is stymying the search for the ideal candidates, with one source pegging the average number of unqualified applicants at 75%. Even among those that do make it through the recruiting funnel, a significant portion ultimately change their minds -- exacerbating the recruiting challenge. Against this backdrop, Sense, an "AI-driven" talent engagement and communications platform, today announced that it raised $50 million in series D funding led by SoftBank.


Nota raises $14.7M to adapt biometrics, AI models for edge applications

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Nota, which provides technology to optimize AI models, announced that it has closed a $14.7 million Series B funding round. The company's technology is another important piece of the puzzle when it comes to helping resource-constrained edge devices run applications such as biometric identification. Participants in the funding round included Stonebridge Ventures, LB Investment, DS Asset, Intervest, and Company K Partners. The fresh funding comes roughly a year after Nota closed its Series A round with $6.7 million. Nota has raised a total of $23 million to date.


Wispr AI Raises $4.6 Million in Seed Round

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About the Company: Founded in 2021 by Sahaj Garg (CTO) and Tanay Kothari (CEO), Wispr AI is a developer of the next generation of neural interfaces to provide a seamless interface with immersive technology. The company is working with the leading neuroscientist, hardware engineers, machine learning researchers, and product engineers to bring frontier technology to the mass consumer market. Wispr AI is looking to use deliberate thought as digital input, allowing users to interface in a seamless manner with an increasingly digital world. The startup is doing this by combining the latest technologies in the fields of deep learning, electrical interfaces, and neuroscience.


AI Pioneer Andrew Ng's Startup Raises $57 Million In Series A

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The founder of Google Brain research lab, Andrew Ng, has raised $57 million in Series A funding for his startup -- Landing AI, led by McRock Capital, the first investment firm focused exclusively on the Industrial IoT. AI pioneer Andrew Ng's startup provides tools that make building and deploying AI systems in manufacturing faster and easier. "I'm thrilled LANDING AI has closed a $57M Series A for our Data-centric MLOps platform for computer vision. Industrial AI needs a different recipe than Internet companies. It's time to make cutting-edge AI fast and easy for anyone to use," said Andrew Ng, Founder & CEO of Landing AI in a post.


Toronto-based VFX startup MARZ raises $5.3M to develop AI technology solutions – TechCrunch

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Technology and visual effects startup Monsters Aliens Robots Zombies (MARZ) has raised $5.3 million in Series A funding. The investment was led by Round13 Captial with participation from Rhino Ventures and Harlo Equity Partners. MARZ plans to use the funding to grow its core VFX business and accelerate the development of its'AI for VFX' technology solutions. The Toronto-based studio launched in 2018 and is developing AI solutions that aim to address some of the challenges faced by the entertainment industry regarding VFX capacity shortage spurred by streaming wars, the corresponding explosion of on-demand content and the importance of VFX in driving subscriber growth. "We will use the funds to accelerate research and development of our'AI for VFX' solutions, of which there are two AI products currently in development," MARZ co-founder and co-president Jonathan Bronfman told TechCrunch in an email.


AI with Economic Growth

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Artificial intelligence (AI) is a concept in which machines perform human-like processes like learning, understanding, reasoning, and interacting. It works in many ways, like technical infrastructure, a part of a process, or being an end-user product that plays an important role and impacts everyone. Everyone around the globe is competing to utilize its full potential and gain all the benefits it provides to global leaders and developing nations. After being such a big topic for years, AI is a tool for many countries to fight back from the pandemic, and maintain their economy and help people. AI is recognized as a source of productivity and continues the growth of a country and its economy.


VSBLTY CEO ISSUES Q3 CORPORATE UPDATE

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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.


US and China Race to Control the Future Through Artificial Intelligence

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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.


Tesla Working on Full Self-Driving Mode, Extending AI Lead - AI Trends

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Tesla's goal to release its level 5 Full Self Driving (FSD) mode autopilot capability in 2021 was deemed unrealistic by the CEO of competitor Waymo in a recent interview. Tesla is the only autonomous vehicle manufacturer using real-time cameras, rather than pre-mapped Lidar (Light Detection and Ranging) to guide vehicle movement. Tesla also uses its own AI chips, developed after early experience with NVIDIA chips. "It is a misconception that you can simply develop a driver-assistance system further until one day you can magically jump to a fully autonomous driving system," stated John Krafcik, CEO of Waymo, the self-driving startup spun off from Google's X lab, in a recent interview with German business magazine Manager Magazin, reported in Observer. Krafcik acknowledged that Tesla "is developing a really good driver assistance system," but very different.


NVIDIA - AI and gaming sales drive record revenues

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No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Nvidia reported record third quarter revenue of $7.1bn, up 50% year-on-year, with particularly strong growth in data centres and professional visualization. Operating profits rose 91% to nearly $2.7bn, with only a modest increase in sales, general & administrative expense. The group plans to pay dividends of $0.04 cents per share in the final quarter.