Press Release
Artificial Intelligence (AI) Market to 2024 - Global Strategic Business Report 2018 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence (AI) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2024. Market data and analytics are derived from primary and secondary research.
AnyVision AI startup locks in $28M for its body and facial recognition tech
As image recognition advances continue to accelerate, startups with a mind towards security applications are seeing some major interest to turn surveillance systems more intelligent. AnyVision is working on face, body and object recognition tech and the underlying system infrastructure to help companies deploy smart cameras for various purposes. "It's not just how accurate the system is, it's also how much it scales," Etshtein tells TechCrunch. "You can put more than 20 concurrent full HD camera streams on a single GPU." The Tel Aviv-based AI startup announced today that it has closed a $28 million Series A funding round led by Bosch.
Consortium.AI wants to cure rare diseases using artificial intelligence
Duchenne Muscular Dystrophy (DMD) is a rare muscle disorder affecting children that results in loss of the ability to walk. It's rapidly progressive -- average life expectancy is about 20 years -- and caused by genetic mutations on the X chromosome that regulates the production of dystrophin, a protein thought to play a role in maintaining muscle cell membranes. For DMD sufferers and other patients with rare degenerative diseases, there's now hope on the horizon. Insilico Medicine and A2A Pharmaceuticals today launched Consortium.AI, a new venture founded with the goal of applying advances in artificial intelligence (AI) to cutting-edge drug discovery. Through Consortium.AI, the two companies will collaboratively develop therapeutic treatments for DMD and other severe genetic disorders and use machine learning to validate the most promising candidates.
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Selfie Game
Huawei Consumer Business Group (CBG), the global smartphone giant, has announced the launch of its new HUAWEI nova 3 and HUAWEI nova 3i in the UAE. Both smartphones are powered by Artificial Intelligence (AI) in its overall functioning and camera features. With dual front camera (24MP 2MP), users can expect the best-in-technology'selfie' that a smartphone can offer. HUAWEI nova 3 series was initially designed with the younger and trendier consumers in mind, for whom a smartphone is not just part of their lifestyle but also represents their personal style. The series is designed to offer an AI-enhanced lifestyle, which includes a huge focus on an outstanding selfie experience with its AI beautification features and front camera that allows one to capture AI selfies.
New Insurtech Partnership to Provide On-Demand Insurance in Canada
In an exclusive arrangement with Slice ICS, The Co-operators will create new insurance products to meet growing customer needs for easy, on-demand insurance solutions that satisfy emerging digital economies. Launching later this summer under the brand name duuo by Co-operatorsTM the first product will provide pay-per-use homeshare insurance underwritten by Co-operators General Insurance Company, for hosts using home sharing platforms like Airbnb, HomeAway and VRBO . The duuo by Co-operatorsTM brand reflects The Co-operators commitment to working together with clients to provide peace of mind in a way that is easy, fast, fair and affordable โ a commitment made possible through the Slice platform. "We were founded in 1945 by a small group of farmers and social pioneers who found that their needs were not met by traditional insurance offerings, so they found a new way of protecting their financial security in a time of need," said Rob Wesseling, President and CEO of The Co-operators Group Limited. "Our new business partnership with Slice is the 21st century version of this mindset, it will allow us to meet the underserved insurance needs of Canadians participating in a highly innovative digital economy. Our shared vision of ensuring that everyone can be protected with the most intelligent and customized insurance possible makes this partnership very exciting."
Artificial intelligence will create more jobs than it destroys? That's what PwC says
Artificial intelligence (AI) and related technologies will generate as many jobs in the U.K. as they displace over the next 20 years, according to analysis published Tuesday by audit firm PwC. The research states that while AI could displace roughly 7 million jobs in the country, it could also create 7.2 million jobs, resulting in a modest net boost of around 200,000 jobs. The impact of AI on individual sectors is set to vary, however. In the health and social work sector, PwC said that the number of people employed could rise by almost 1 million, while jobs in manufacturing could fall by roughly 25 percent, a net loss of almost 700,000 roles. "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains," John Hawksworth, PwC's chief economist, said in a press release.
Nest CEO steps down as the company joins Google's home division
According to CNET, Nest has announced today that Marwan Fawaz will no longer be its CEO. As part of his departure, Nest will now be folded into Google's home and living room products team. In a joint interview with Fawaz, Rishi Chandra, vice president of product management for Google's home and living room products, said that the combination would make it easier for Google to integrate some of its machine learning technology and artificial intelligence into Nest products. This move comes six months after Nest merged with Google's hardware division. Nest co-founder Matt Rogers left soon after as well.
Infinia ML Named Machine Learning "Hot Vendor" by HfS Research
Infinia ML announced today that it had been named a Hot Vendor in the field of machine learning by HfS Research. The HfS report notes Infinia's "mission to link ML development to measurable business impact for its clients", its "distinguished leadership team", and its "dedication to research and innovation." According to HfS, Infinia ML's "experience, talent, and IP has earned it the HfS Hot Vendor tag." The report highlights Infinia ML client projects in contract analysis, pay benchmarking, ultrasound image identification, cancer detection, and more. HfS says its Hot Vendors, chosen via a five-step assessment process, "display truly differentiated offerings and out-of-the-box thinking that can be both inspiring and useful."
Anaconda Leverages Containers to Accelerate AI Development - Container Journal
Anaconda Inc. announced today it is leveraging Docker containers and Kubernetes clusters to accelerate the development of AI applications built and deployed using graphical processor units (GPUs) from NVIDIA. Previously, Anaconda added support for Docker and Kubernetes to version 5.0 of Anaconda Enterprise, a commercially supported instance of an open source platform for developing, governing and automating data science and AI pipelines on Intel processors. A version 5.2 of Anaconda Enterprise extends that platform to add support for GPUs. Matthew Lodge, senior vice president of products and marketing at Anaconda, says that training AI applications has been proven to be significantly faster on GPUs. But over time, developers of AI applications will be employing a broad range of algorithms across Intel processors, GPUs, field programmable gate arrays and new classes of processors such as the TPU processors developed by Google, which are designed specifically for AI applications.