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With 130 billion war chest, Line hunts for acquisitions to jazz up content, technology

The Japan Times

Line Corp. plans to use part of the 130 billion it garnered from last month's initial public offering to bankroll acquisitions of content and technology, transforming its messaging service into a one-stop shop for Asian social media users. Japan's most popular messaging service is gunning for companies in areas ranging from artificial intelligence chatbots and advertising to video streaming and games, including those with augmented reality features, Chief Executive Officer Takeshi Idezawa said in an interview. The Tokyo-based company has assembled a dedicated team to scope out and review possible targets across the globe. The idea is to build Line into a "smart portal," supplementing its mainstay features of chatting, stickers and games with commercial services such as food delivery, job searches and travel reservations in main markets. "We are very open-minded about the size and geography" of potential acquisitions, Idezawa said.


Mediaplanet Enlists Artificial Intelligence Specialists to Analyze Current and Future Relationships with Machine Learning

#artificialintelligence

Mediaplanet today announces distribution of its first edition of "Future of Business Technology," out in The San Francisco Chronicle as well as online. The world as we know it is run by technology. Siri manages day-to-day schedules, robots vacuum floors, Instagram suggests videos one might like and cars can self-park. Despite movies like "The Terminator" and "I, Robot," which suggest robots can only take over the world, the truth is, they're here to stay and here to help. This campaign aims to advocate for the disruptive technologies and solutions like artificial intelligence, robotics, cybersecurity, big data and Internet of Things.


Artificial Intelligence Revenue to Reach 36.8 Billion Worldwide by 2025, According to Tractica

#artificialintelligence

BOULDER, Colo.--(BUSINESS WIRE)--Artificial intelligence (AI) is poised to have a transformative effect on consumer, enterprise, and government markets around the world. An umbrella term that refers to information systems inspired by biological systems, AI encompasses multiple technologies including machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. According to a new report from Tractica, these technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones. The market intelligence firm forecasts that annual worldwide AI revenue will grow from 643.7 million in 2016 to 36.8 billion by 2025. In sizing and forecasting the total global AI market, Tractica has identified 191 real-world use cases for AI, organized into 27 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies.


DENSO to Advance Artificial Intelligence Knowledge, Signs Technical Advisory Contract with Carnegie Mellon University Professor Takeo Kanade

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Dr. Kanade and DENSO have worked together from 2002-2009 on a joint research of image recognition technology. In addition, he has been a lecturer of DENSO's high talent program organized by DENSO E&TS Training Center. DENSO expects to use artificial intelligence technology in more areas of its business. Currently, it uses machine learning in its sensing technologies and applies them to its sensing products. DENSO has developed technologies and products to help create a society free from road traffic accidents.


Mount Sinai Establishes Center for Computational and Systems Pathology - The Mount Sinai Hospital

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The Department of Pathology at the Icahn School of Medicine at Mount Sinai has established the Center for Computational and Systems Pathology to revolutionize pathology practice, using advanced computer science and mathematical techniques coupled with cutting-edge microscope technology and artificial intelligence. The goal of this new academic research facility is to explore efforts to more accurately classify diseases and guide treatment using computer vision and machine learning techniques. The Center for Computational and Systems Pathology will be a hub for the development of new diagnostic, predictive, and prognostic tests and will partner with Mount Sinai-based "Precise Medical Diagnostics" (Precise MDTM), which has been under development for more than three years by a team of physicians, scientists, mathematicians, engineers, and programmers. Carlos Cordon-Cardo, MD, PhD, will oversee the new center, located at Mount Sinai St. Luke's, and will continue his role as Chair of the Department of Pathology at the Mount Sinai Health System and Professor of Pathology, Genetics and Genomic Sciences, and Oncological Sciences at the Icahn School of Medicine. Gerardo Fernandez, MD, Associate Professor of Pathology, and Genetics and Genomic Sciences at the Icahn School of Medicine at Mount Sinai, will be the Center's Medical Director.


The Artificial Intelligence Revolution in Manufacturing Operations Management

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Information contained on this page is provided by an independent third-party content provider. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com BellHawk Systems Corporation announces the availability of a new white paper "The Artificial Intelligence Revolution in Manufacturing Operations Management." This white paper is available for download from the front page News section of www.BellHawk.com. This white paper describes how real-time Artificial Intelligence (AI) techniques originally developed for the USAF and NASA are being applied to manufacturing organizations to enable managers to run their manufacturing plants with less stress and much smaller management teams. It gives examples of how even small manufacturing organizations are able to use these methods to automate their planning and scheduling and for managers to be alerted whenever problems arise.


Irida Labs' NoiseSweeper and EnLight Software Now Available on Cadence Tensilica Imaging/Vision DSPs

#artificialintelligence

In addition, IRIS-NoiseSweeper software has also been ported to the Tensilica Vision DSP to provide premium video quality and cleaner still-images. The software is targeted at image noise reduction for high-resolution still images. The technology features an automated noise profile estimation that reduces calibration needs and shortens development time. It operates in a single frame and eliminates any motion-blurring phenomena associated with multi-frame techniques. The Tensilica family of imaging/vision DSPs was designed for the complex algorithms in imaging, video and computer vision applications including innovative multi-frame image capture, video pre- and post-processing, object and face recognition, low-light enhancement and many other complex tasks.


Mobileye Accelerates Self-Driving Car Technology With Delphi Deal

#artificialintelligence

The road to self-driving cars got a little more crowded Tuesday, as Mobileye (MBLY) announced it will partner with General Motors (GM) supplier Delphi Automotive (DLPH) to jointly develop off-the-shelf autonomous driving technology for automakers. The two companies announced they will co-develop "the market's first turnkey Level 4/5 automated driving solution," which carmakers could begin integrating into vehicles starting in 2019. Level 5 is totally self-driving, while Level 4 is close to complete autonomy. All the major automakers and a number of the largest tech companies are working to develop self-driving cars, mostly through joint ventures. This month, General Motors said it was testing self-driving cars in Scottsdale, Ariz.


The 48 startups that launched at Y Combinator S16 Demo Day 2

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The world's most prestigious startup school launched 48 companies today at part 2 of its Summer 2016 Demo Day. Nanoparticle analytics and delivery robots were amongst the products revealed in the B2B, biotech, enterprise, edtech, fintech, and hardware verticals. You can check out our write-ups of all 44 startups that launched yesterday, and TechCrunch's picks for the top 7 from the batch. Trying to distill trends from the hodgepodge of startups at Demo day can be futile, because the real winners are the ones ahead of the trends. For example, TechCrunch thought Airware's drone operating system was a little too early in 2013. It turned out to be smartly ahead of the curve. Now you see lots of drone startups in YC, but many are chasing Airware which has gone on to raise 70 million. Y Combinator president Sam Altman explains "The best company at any given Demo Day is not the one that fits the theme of that Demo Day. Altman cites the Alan Kay quote that "the best way to predict the future is to invent it", adding "I think short of that, the future is basically unknowable. What I like about YC is the companies get to invent the future. They don't have to guess." One important development is that 30% of this batch's companies were founded outside the US, a bigger portion than in the past. YC partner Justin Kan credits that to the program being around long enough that it's funded successful companies from tons of countries.


Magnetic Appoints Data and Machine Learning Veteran Paul Phillips as Chief Data Officer

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A data entrepreneur, Phillips comes to Magnetic from leading data analytics provider, Causata, which Phillips founded and led. The company was acquired by NICE Systems Ltd. Phillips also founded Touch Clarity, which specialized in personalization and machine learning. The company was acquired by Omniture, eventually becoming a part of Adobe. "Magnetic is unique in having access to both data from the world of advertising and the world of CRM. The future of marketing will not only demand that we understand what people are in-market for right now, but what every touch may mean to the expected lifetime value of a customer. Magnetic's data assets and technology platform position us well to deliver on that promise," says Phillips.