Certain statements included in this news release constitute forward-looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements or information in this news release include, but are not limited to, management's targets for the Company's growth in 2017, as well as the size, scope, and timing of the implementation of projects currently in the pilot phase.

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20% of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25%, representing a net loss of nearly 700,000 jobs.

Shanghai-based computer vision company Yitu announced today that it has acquired an additional US$100 million in funding, with China Industrial Asset Management as the sole investor this round. Yitu is one of China's four AI unicorns, along with Face, Cloudwalk and SenseTime. On June 12th, 2018, Yitu completed its C Round with US$200 Million from GC Capital, ICBC International, and SPDB International. This new funding raises Yitu's valuation to over US$2.3 billion. Yitu was found in 2012 and focuses on computer vision, natural language processing, knowledge reasoning, intelligent hardware, and robotics.

Impact of AI in the Digital and Broadcast Media Industry Impact of'Digitization' in the media space is likely to put over half a trillion USD at stake, as per industry estimates.The digital paradigm in the media industry is expected to restructure the entire business model. In the digital age, user experience has moved away from being content driven to'on-demand' delivery, offered in a device of consumer choice.Emphasis in the coming years is likely to be placed at the intersection of content, technology, and user experience. A number of emerging technologies are disrupting existing business models within the media industry and are offering new opportunities, which traditional enterprises are only beginning to acknowledge. Artificial Intelligence (AI) is being increasingly used to transform the way media houses create content and present them to viewers.AI, by virtue of its data driven intelligence and self-learning abilities, can be used to automate repetitive skill-based jobs. Additionally, AI can power the development of superior prediction engines that offer cutting-edge analytics and business intelligence to media enterprises globally.

SAN FRANCISCO--(BUSINESS WIRE)--Verge Genomics, a drug discovery company utilizing machine learning to develop new therapeutics, announced today that it has raised $32 million in Series A financing led by DFJ. New biotech investors WuXi AppTec's Corporate Venture Fund, ALS Investment Fund, Agent Capital, and OS Fund also participated in the round. The oversubscribed round brings Verge's total funding raised to-date to more than $36 million. With this round, Emily Melton of DFJ will join Verge Genomics' Board of Directors. Founded in 2015, Verge intersects machine learning, neuroscience, and experimental biology to accelerate drug discovery.

LONDON–(BUSINESS WIRE)–Digital Surgery, a health tech company shaping the future of surgery through the convergence of surgical expertise and technology, today announced it has developed and successfully demonstrated the world's first real-time, dynamic artificial intelligence (AI) system designed for the operating room (OR). The company is building the data to power the future of surgery through its world-class and proprietary surgical procedure road maps, which aim to aid the surgical team in the OR, reducing risk and making surgery safer. Digital Surgery is the first patented AI platform bringing this scale of knowledge to the surgical community. "This is a huge milestone for the future of surgery because it lays the foundation for how AI and computer vision will support surgical teams to deliver safer surgeries. It also enables the next generation of robotic surgery, giving these future systems the capability to function more intelligently and safely," said Dr. Jean Nehme MD, co-founder and CEO of Digital Surgery.

LONDON--(BUSINESS WIRE)--Digital Surgery, a health tech company shaping the future of surgery through the convergence of surgical expertise and technology, today announced it has developed and successfully demonstrated the world's first real-time, dynamic artificial intelligence (AI) system designed for the operating room (OR). The company is building the data to power the future of surgery through its world-class and proprietary surgical procedure road maps, which aim to aid the surgical team in the OR, reducing risk and making surgery safer. Digital Surgery is the first patented AI platform bringing this scale of knowledge to the surgical community. "This is a huge milestone for the future of surgery because it lays the foundation for how AI and computer vision will support surgical teams to deliver safer surgeries. It also enables the next generation of robotic surgery, giving these future systems the capability to function more intelligently and safely," said Dr. Jean Nehme MD, co-founder and CEO of Digital Surgery.

Sabio, the Leaders in App Science, today announced the appointment of Dr. Jike Chong, Chief Data Scientist at Acorns, to its advisory board. Dr. Chong brings, to Sabio, extensive experience advising companies on how Artificial Intelligence can help solve the problems facing multiple industry verticals. Commenting on the appointment, Aziz Rahim, CEO of Sabio, stated, "Adding someone of Dr. Jike Chong's caliber to our advisory board further validates our business and approach to helping companies exceed their marketing goals through improved data analytics and insights. Dr. Jike Chong's contributions will enable us to continue empowering our clients with predictive business intelligence that gives a competitive advantage to today's mobile savvy marketers. We look forward to the strategic guidance Dr. Chong will provide Sabio's rapidly growing customer base and business."

DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. Their products are deployed by some of the world's largest financial institutions. The company develops and applies innovative machine-learning technologies to big data to predict financial, economic, and world events. The team is a group of passionate technologists, mathematicians, data scientists and programmers in Silicon Valley with over 100 patents to their names.

Microsoft on Friday introduced new Artificial Intelligence (AI)-powered capabilities in Microsoft 365 that will allow people in an organisation create live and on-demand events. Events can now be viewed in real-time or on-demand, with high-definition video and interactive discussion, the company said in a statement. Launched one year back, the adoption of Microsoft 365 has grown by more than 100 per cent – building on over 135 million commercial monthly Office 365 users, 200 million Windows 10 commercial devices in use, and over 65 million seats of Enterprise Mobility Security. "Today, we are introducing new ways Microsoft 365 connects people across their organisation and improves collaboration habits, including new AI-infused capabilities," said Ron Markezich, Corporate Vice President for Microsoft. AI-powered services will include speech-to-text transcription, time coding, transcript search and closed captions to make the event more accessible to all.