The global artificial intelligence (AI) chips market is expected to post a CAGR of around 39% during the period 2019-2023, according to the latest market research report by Technavio. This press release features multimedia. The growth in the generation of large volumes of data has increased the deployment of data centers across the world. As data centers process massive amounts of data, the need for improving their efficiency and reducing operational costs has become imperative. Hence, data center operators are increasingly adopting AI technologies to improve energy efficiency, infrastructure management, server optimization, security, and others.

NEW YORK and HOUSTON, February 4, 2020 – Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, and HighRadius, an enterprise SaaS (Software-as-a-service) fintech company, today announced a strategic partnership that will provide improvements to enterprise accounts receivable and bring together digital automation solutions powered by advanced machine learning and artificial intelligence. "Many enterprises today have been unable to streamline their receivable processes, negatively impacting business operations and profitability," said Katie Stein, Genpact's chief strategy officer. "Genpact and HighRadius will solve this challenge by delivering a transformative digital automation solution that enables businesses to maximize their working capital, while enhancing the customer and user experiences. We see a great opportunity to leverage the potent combination of domain know-how, proven technology, and digital sophistication this partnership will bring." Genpact and HighRadius, both leaders within their respective areas, will work together to innovate within the order-to-cash cycle – a critical business process that has a direct impact on improving key value outcomes for enterprises spanning customer experience, revenue optimization, margins and cash flow, and more.

SAN FRANCISCO, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Labelbox, the leading training data platform for enterprise machine learning applications, today announced the close of a $25 million Series B funding round led by Andreessen Horowitz with General Partner Peter Levine joining the Labelbox board of directors. Previous investors First Round Capital, Gradient Ventures (Google's AI-focused venture fund) and Kleiner Perkins also participated. To date, Labelbox has raised $39 million in venture funding. Labelbox offers a training data platform for machine learning teams to build real-world artificial intelligence. The platform consists of label editor tools, batch & real-time labeling workflows, collaboration, quality review, analytics, and an optional, fully managed and dedicated labeling workforce.

NEW YORK--(BUSINESS WIRE)--Legal technology leader DISCO today announced a significant update to DISCO Analytics Suite that transforms how artificial intelligence (AI) can be leveraged across all of an organization's cases. DISCO Analytics Suite now includes cross-matter AI, which empowers legal teams to leverage all of their work product from past and ongoing matters at the start of every new case. Previously, AI models were case-specific, with learnings and predictions built on how documents were tagged in a single matter. With each new case, legal teams were forced to tag documents and build new models from scratch. With DISCO's cross-matter AI, organizations can now import AI models at the beginning of every case that are powered by the tagging decisions of previous matters.

The National Science Foundation and Amazon, the grant's joint funders, have partnered on a program called Fairness in Artificial Intelligence (FAI) that aims to address bias and build trustworthy computational systems that can contribute to solving the biggest challenges facing modern societies. Over the course of three years, the UB researchers will collaborate with the Hillside Family of Agencies (Rochester, N.Y.), one of the oldest family and youth nonprofit human services organizations in the country, and a youth advisory council made up of individuals who have recently aged out of foster care, to develop the tool. They will also consult with national experts across specializations to inform this complex work. Researchers will use data from the Administration on Children and Families' (ACF) federally mandated National Youth in Transition Database (NYTD) and input from collaborators to inform their predictive model. Each state participates in NYTD to report the experiences and services used by youth in foster care.

SINGAPORE--(BUSINESS WIRE)--Jumio, the leading provider of AI-powered end-to-end identity verification and authentication solutions, has partnered with CIMB Bank Philippines' all-digital bank to provide a simple, hassle-free and convenient digital onboarding solution to Filipinos. In its first full year of formal operations, CIMB Bank Philippines signed in almost 2 million Filipinos via the CIMB Bank PH digital platform, 30% of which are first-time bankers, making CIMB Bank PH the fastest-growing all-digital bank in the Philippines and ASEAN, and a winner of eight banking awards in 2019. Driving financial inclusion, the all-digital, mobile-first bank offers the best-in-market savings interest rates of 4% with zero transaction fees and minimum balance, and seamless account opening and personal loan applications. CIMB Bank PH's mobile app integrates Jumio's AI-driven identity verification technology to provide a safe, secure and fast digital onboarding experience -- what used to take 15 minutes with a video KYC process now takes less than five minutes, resulting in an increase in conversions and happier customers. Jumio's identity verification solution uses machine learning, AI, certified liveness detection and face-based biometrics to ensure the person behind a digital transaction is who they say they are by matching a user's live selfie with the photo shown on their government-issued ID. "Our partnership with Jumio has been integral in achieving our milestones so far as an all-digital bank in the Philippines to deliver a safe and secure banking experience," said Vijay Manoharan, CIMB Bank PH CEO.

On Wednesday, Microsoft Corp. announced AI for Health, a new $40 million, five-year program and part of the AI for Good initiative, that will leverage artificial intelligence (AI) technology to empower researchers and organizations addressing some of the world's toughest challenges in health. "Artificial intelligence has the potential to solve some of humanity's greatest challenges, like improving the health of communities around the world," said Brad Smith, president, Microsoft. "We know that putting this powerful technology into the hands of experts tackling this problem can accelerate new solutions and improve access for underserved populations. That's why we created AI for Health." In a new era of tech intensity, in which technology is reshaping every organization and becoming embedded in the fabric of every aspect of our lives, digital advances will continue to reshape our world in profound ways.

HPE announced today that it won the contract to build a supercomputer that will drive France's AI and HPC efforts. The computer will be part of GENCI, the French national infrastructure for HPC resources and facilities. The system, named Jean Zay after the French politician and cultural figure, came at the behest of an action issued by President of France Emmanuel Macron in support of the national strategy to make France the European leader in artificial intelligence research. Financed by GENCI and based on the HPE SGI 8600 platform, Jean Zay is slated to deliver a peak performance of 14 petaflops. Under a unified Omni-Path Architecture network, the system encompasses 1,528 Intel next-generation Xeon nodes and 261 GPU nodes, each with four Nvidia Tesla V100 (32GB) GPUs, 1,044 in all.

CHS developed RadixML to help those struggling with a multitude of symptoms and chronic health problems. RadixML uses a combination of medical expertise and machine learning algorithms to generate a report that predicts the most likely root causes of each individual's health issues. It is only by sorting out and managing these root causes that health conditions can be dramatically improved and eventually reversed. The RadixML analysis evaluates a long list of potential causes and contributors, including hormone imbalances, mineral deficiencies, chronic infections, toxins, and others. The RadixML report makes the process of improving one's health dramatically more efficient, saving significant amounts of time, money, and frustration.

The artificial intelligence platforms market size is poised to grow by USD 6.95 billion during the period 2019-2023, according to the latest market research report by Technavio. This press release features multimedia. Technavio has announced its latest market research report titled global artificial intelligence platforms market 2019-2023. Governments across the world are increasingly promoting AI technology through investments in R&D and by developing education programs to train the workforce with AI skills, which can support businesses across industries. Retail, BFSI, and manufacturing are a few of the major industries that are increasing their investments in AI to automate business functions.