Press Release
Gradient AI Secures $6 Million in Series A Financing
WIRE)--Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance technology space, announced today that it has raised $6.0 million in a Series A financing led by Forte Ventures and Sandbox Insurtech Ventures. The round also includes participation from Gradient's existing investor MassMutual Ventures. Gradient's artificial intelligence helps commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with several economic, health, and litigation datasets. This robust aggregation of data provides out-of-the-box claims and underwriting precision for new clients, and it is continuously refined with client-specific data over time.
VyStar to Use Zest AI Software for Faster and Better Credit Decisions for Its 675,000 Members
Zest AI, the leader in artificial intelligence software for credit, announced today that VyStar Credit Union, one of the nation's largest and most innovative credit unions, will be the first credit union to use Zest Automated Machine Learning software (ZAML) to generate faster, more accurate and better-priced loan decisions for its 675,000 members. VyStar's adoption of ZAML signals the growing use of AI-powered underwriting across the financial industry as institutions of all sizes embrace technology to compete more effectively in credit markets. ZAML-built models use as much as 100 times more data and advanced machine learning math to determine borrower risk with greater accuracy, allowing VyStar to approve creditworthy members quickly and at attractive terms without increasing its overall portfolio risk. "Credit unions are always looking for new ways to better serve their members. With an agile technology partner like Zest AI, we're advancing to the front ranks of data-driven lending," said Jenny Vipperman, Chief Lending Officer at VyStar, which earlier this year created a $10 million fund for investing in fintech companies looking to partner with credit unions to deliver innovative solutions.
Digitisation in Agriculture Providing 'Smart Farming' with Greater Precision
Agriculture is set to become'smarter' with digitisation and new technologies such as facial recognition for animals promising to provide the sector with greater control over its processes. Dr. Venkat Maroju, Chief Executive Officer of'SourceTrace' a provider of software solutions to the agriculture and allied sectors, said that digital technologies have an "enormous potential" to impact agriculture in several aspects by enabling farmers, on the one hand, to produce more while at the same time reducing the environmental impact of agricultural production. "Digital technology comes with several solutions to make this happen from farm management and traceability to certification and market linkage," he said. In September, itelligence AG the SAP software and technologies services company in partnership with the German Technical University OWL and HARTING Foundation & Co. KG a provider of industrial interconnection technology announced the launch of HARTING MICA . This is a system designed to enable the most efficient method of farming a given acreage of wheat using data collected via sensors from the soil, agricultural machinery and satellite images.
Paying it Forward for Proof-of-Principle Projects
NEWPORT NEWS, VA – From new particle accelerator technology, to the exploration of new ways to treat wastewater, to applications of artificial intelligence, six cutting-edge projects are getting a jumpstart on research and development at the Department of Energy's Thomas Jefferson National Accelerator Facility. The projects are supported by the Laboratory Directed Research and Development program, which recently announced the continuation of four projects and new funding for two more for fiscal year 2020, which began October 1. The LDRD program provides resources for Jefferson Lab personnel to make rapid and significant contributions to critical science and technology problems that further the goals of the laboratory and the DOE. "We are delighted with the progress that was made on the ongoing LDRD projects, and we look forward with great interest to the results of the fiscal year 2020 projects and the boost they will give to long-term strategic directions of the laboratory," said Jefferson Lab Director Stuart Henderson. Of the six funded projects, four include aspects of artificial intelligence and machine learning: Three projects aim to develop machine learning to assist physicists in monitoring and/or analyzing large volumes of scientific data, while the last has the goal of improving up-time of Jefferson Lab's Continuous Electron Beam Accelerator Facility, a DOE User Facility.
RiskSense CEO Invited to Moderate Expert Panel at SINET Showcase on Bias in Artificial Intelligence Security
WIRE)--RiskSense, Inc., pioneering risk-based vulnerability management and prioritization, today announced that its CEO, Dr. Srinivas Mukkamala will lead an expert panel at the SINET Showcase conference in Washington, DC on November 7, 2019 on the impact of bias in AI-driven security systems. Dr. Srinivas Mukkamala, co-founder and CEO of RiskSense, is a recognized expert on artificial intelligence (AI) and neural networks. He was part of a think tank that collaborated with the U.S. Department of Defense and U.S. Intelligence Community to apply these concepts against cybersecurity problems. Dr. Mukkamala was also a lead researcher for CACTUS (Computational Analysis of Cyber Terrorism against the U.S.) and holds a patent on Intelligent Agents for Distributed Intrusion Detection System and Method of Practicing. Artificial intelligence and machine learning are increasingly being used and trusted by organizations to automate security threat detection.
Artificial Intelligence (AI) Hardware: Global Markets
Report Scope: The scope includes the analysis of the AI hardware market based on technology type, computation type, end use industries and regional markets. For each of these market segments, revenue forecasts for 2018 through 2024 are provided at the global level. PRN The AI hardware market is segmented into the following categories - - Technology: machine learning, Computer vision, Natural Language Processing, Expert Systems. This report covers analyses of the global market trends, with data from 2018 to 2024 and projections of CAGR during 2019 to 2024 .The estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.
Breakthrough AI HPC
HPC has long been the foundation for accelerating enterprise innovation, driving economic competitiveness, and bringing products and services to market faster. The convergence of HPC with AI takes the power of HPC even further, helping enterprises address some of their most complex challenges. We are supporting this convergence with an unmatched end-to-end portfolio of technologies and products – all supported by a broad software ecosystem – to help enable solutions to address your company's unique challenges. We hope you will join us at Supercomputing 2019 to learn more about the ways HPC AI can advance your organization! Please visit the Intel SC19 website for more information, and be sure to download the Intel SC19 mobile agenda to keep up to date on speakers, keynotes, celebrations, and more.
Gartner Unveils Top Predictions for IT Organizations and Users in 2020 and Beyond
Gartner, Inc. today revealed its top strategic predictions for 2020 and beyond. Gartner's top predictions examine how the human condition is being challenged as technology creates varied and ever-changing expectations of humans. "Technology is changing the notion of what it means to be human," said Daryl Plummer, distinguished vice president and Gartner Fellow. "As workers and citizens see technology as an enhancement of their abilities, the human condition changes as well. CIOs in end-user organizations must understand the effects of the change and reset expectations for what technology means."
Investorideas.com Newswire - AI Stock News: GBT (OTCPINK: GTCH) Adding Cognitive Features Within Its Expert Agent
Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight wireless mesh network technology platform and its Avant! AI, for both mobile and fixed solutions, announced that it is now adding the first elements of cognitive features within its AI expert agent. The agent now includes feedback features, i.e. "thumbs up" and "thumbs down", that work with the artificial neural network mechanism to learn and improve answers' accuracy and their relationship to the topic. The user feedback is fed into the Avant! RNN (Recurrent Neural Network), which synthesizes data from various information sources, weighing and comparing the feedback to the answer context to provide the best, most accurate answers.
IOTSWC takes connectivity to the next level, including IoT, artificial intelligence and blockchain Fira de Barcelona
Organised by Fira de Barcelona in partnership with the IIC (Industrial Internet Consortium), the IOTSWC will be held from 29th to 31st October in Gran Via venue in the framework of Barcelona Industry Week. It's the largest international event devoted to the industrial internet and, throughout its history, has complemented its offering with other converging technologies that are accelerating the digital transformation of sectors such as transport, manufacturing, healthcare, energy, utilities, construction, infrastructure, retail, and agriculture, among others. In addition, IOTSWC 2019 will have international and institutional pavilions. In this regard, the presence of stands from Greece, Austria, Germany, Spain, Romania, Sweden, France, Baviera, Catalonia and Barcelona has already been confirmed; these will contribute a large number of companies to the event, many of them SMEs and start-ups linked to the IoT ecosystem. A new feature of this year's fair will be a specific area called IoT Solutions.Font, which will provide visibility for start-ups with original and innovative IoT, Artificial Intelligence, and Blockchain based products and services that have already been tested in the market and with potential for internationalisation.