Press Release
Cognoa Hits Major Milestone Towards First AI-Based Autism Diagnostic
About Cognoa Cognoa develops AI-based digital diagnostics and personalized therapeutics that provide accurate, earlier diagnoses and more effective treatments to improve outcomes and lower behavioral healthcare costs. Its first clinically-validated mobile application identifies autism as early as 18 months of age, when early intervention has the greatest potential for improved lifelong outcomes, over two and half years sooner than the national average age of 4.1 years. Cognoa provides its applications to parents through their employers and benefit providers and has been used by over 250,000 families. Cognoa is working with clinicians to offer additional precision medicine applications for faster behavioral health diagnostics and more personalized therapeutics, enabling greater opportunities for life-changing outcomes.
Skelter Labs raises $9M to help put Korea on the global AI map
China and the U.S. are the two countries most closely associated with artificial intelligence (AI) technology, but a startup in Korea is out to add its nation to mix after it raised more than $9 million from some big-name investors. Skelter Labs, which was founded in 2015 by Google's former chief technical officer in Korea, announced today that it has raised KRW 10 billion ($9.3 million). Korean internet and messaging giant Kakao is a major backer, investing in the round via both its'KakaoBrain' AI unit and its K-Cube VC firm, both of which are existing investors. Stonebridge Ventures and Lotte Homeshopping, the TV and internet shopping business owned by multi-billion dollar retail giant Lotte, also participated. Skelter Labs started out as an app development house when it was initially founded by CEO Ted Cho, the former engineering site director at Google Korea, with products that include a flight booking app, chatbot network and point-of-sale software, but, over the past year, it began to focus on AI.
Consumer Applications Are the Largest Market Segment for Artificial Intelligence
Even as research and investment into artificial intelligence (AI) have gone through some 60 years of booms and busts, consumers' fascination with the technology persists. But it is with the recent rise of digitization, Big Data, improved algorithms, and processing speed that consumer applications of AI have begun to emerge into the mainstream. From movie recommendations to search engine queries, AI and, more specifically, deep learning are powering a range of applications that have recalibrated consumer expectations for the digital lifestyle. According to a new report from Tractica, consumer AI now accounts for the largest portion of AI software, hardware, and services revenue, reaching $1.9 billion in 2016 and rising to $2.7 billion by the end of 2017, which is greater than any other industry segment. Although the entire market, including consumer AI, remains in its infancy, Tractica forecasts strong growth ahead, with the market for consumer AI hardware, software, and services increasing to $42.1 billion by 2025.
Destination Hyderabad for Adobe, to set up Artificial Intelligence centre in city
Software giant Adobe will soon start operations in Hyderabad by setting up an Artificial Intelligence Center in Hyderabad. Adobe CEO Shantanu Narayen informed Minister KT Rama Rao about the decision on the sidelines of the World Congress on Information Technology, which began on Monday in the city. According to Shantanu, the availability of skilled manpower makes Hyderabad an attractive destination for IT companies. "Adobe is thrilled to announce we are starting an advanced AI lab in Hyderabad. As the global leader providing content creation and enterprise experience software solutions, driving innovative products is the core essence of our company. The abundance of tech talent in Hyderabad, coupled with the pro-business stance of Minister KT Rama Rao, makes this an exciting initiative for the growth for Adobe," he said in a press statement released by the state IT minister's office.
OBIZCOIN Creates Smart Process Automation BOT Based on Artificial Intelligence & Blockchain Technology to Automate Business Operations - Crypto Reader
Inefficiency in management of a business is one of the top reason for business failures. Efficient management in the business organization is one of the key reasons for success of the organization. While it is easier for large scale organizations to have multiple teams overlooking various departments, multiple levels of audit committees, the situation is quite different for Small and Medium Scale Organizations. Having a dedicated team for every department, allotting tasks through software, monitoring tasks automatically and keeping the employees motivated and automated incentivising based on performances is just a dream for startups and small-scale organizations. "OBIZCOIN Creates Smart Process Automation BOT Based on Artificial Intelligence & Blockchain Technology to automate business operations" OBIZCOIN Bot will help organizations in designing the procedures and policies framework based on which the entire organization will function.
National Bank Joins Forces With CDL-Montreal
"As the Institut d'entrepreneuriat Banque NationaleโHEC Montrรฉal's early partner, it was natural for us to extend our support to CDL-Montreal, which brings together new businesses at the cutting edge of technology and artificial intelligence. Supported by a team of entrepreneurs, scientists and angel investors, these businesses will be in an exceptional development environment that promotes all types of innovation," says Louis Vachon, President and CEO of National Bank. "And supporting new tech companies like this provides abundant rewards in terms of knowledge development and social and economic vitality." This first group, dedicated to AI startups, launched in December 2017 and will continue its activities until June 2018. During this time the startups in the program will receive objectives-based coaching led by experienced entrepreneurs, representatives of major investment funds and world-class scientists, with the goal of maximizing equity-value creation.
OrboGraph Highlighted as "Top 10 Artificial Intelligence (AI) Solution Providers to Watch in 2018" by The TECHNOLOGY HEADLINESCheck and healthcare payments ripe for adoption of new technologies. Markets Insider
BILLERICA, Mass., Feb. 15, 2018 (GLOBE NEWSWIRE) -- OrboGraph, a premier developer and supplier of intelligent electronic/paper automation leveraging recognition technologies, image validation and check fraud detection for the U.S. check processing and healthcare revenue cycle markets, was recently highlighted in the February edition of The TECHNOLOGY HEADLINES: "Top 10 Artificial Intelligence (AI) Solution Providers to Watch in 2018". Artificial Intelligence investment will reach around $150 billion by 2030 across major industries such as automotive, banking and healthcare. OrboGraph's focus is to automate payments via Intelligent Payment Automation technology. The company looks at AI to improve efficiencies into the entire payment mix and facilitate electronification of payments, which ultimately reduces payment costs. Walk down the isle of any banking or healthcare trade show and it seems like almost every vendor has an AI story.
NYU Tandon School of Engineering Explores the State of Artificial Intelligence with New Seminar Series
The first event will feature Yann LeCun, Facebook's director of AI research and a member of the New York University faculty. LeCun will inaugurate the series on Tuesday, February 20, 2018, from 10 to 11 am in Downtown Brooklyn, at NYU Tandon's Pfizer Auditorium, 5 MetroTech Center. Registration is free and open to all. His address, "Obstacles to Deep Learning and AI," will explore a new frontier: predictive models that capture the "common sense" exhibited by humans and animals, who often learn by observation and occasional action. LeCun's pioneering work in the application of neural networks to computer vision and other AI areas led to products and services deployed across most technology companies.
FDA clears AI platform that quickly alerts specialists to strokes
The FDA cleared Viz.ai's clinical support tool on Feb. 13, allowing the software that alerts clinicians to the possibility of a stroke to be marketed in the United States. The product uses an algorithm to analyze CT images of the brain and send text notifications to neurovascular specialists if a large vessel blockage is present, according to the FDA's news release. The notification would be sent at the same time a radiologist is manually reviewing the images, potentially leading to faster treatment. Timely treatment is critical in stroke, the fifth-leading cause of death in the U.S. and a major cause of disability. About 795,000 Americans have a stroke each year, according to the Centers for Disease Control and Prevention (CDC).
New Zealand Retailer Foodstuffs to Trial World-First Artificial Intelligence Shopping Solution
New Zealand-based artificial intelligence company IMAGR announced today that it's upping the grocery game by launching its innovative solution SMARTCART to a Four Square store in the Auckland suburb of Ellerslie. The move comes as retailers around the globe look for ways to give consumers more streamlined methods and checkout-less options for shopping, including the recent launch of Amazon Go in Seattle. The New Zealand store will be the flagship Foodstuffs retail outlet to trail SMARTCART, a computer vision technology retrofitted to shopping baskets and carts that recognises products as soon as they are placed inside, eliminating the need for barcode scanning, checkouts and queueing. "We're delighted Foodstuffs is the first retailer in the world that we're partnering with to make this happen This is the first significant step in enhancing the way we do our grocery shopping here in New Zealand and abroad," said IMAGR founder William Chomley. "It's great to see Foodstuffs embracing technology like this to empower customer experiences."