Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance on manual business processes. "We are humbled by the support of our investors in current market conditions," Arya Bolurfrushan, the company's founder and CEO, said in a news release. "We take this responsibility seriously and are clear-eyed that a capital raise is not an indicator of success. We continue to keep our heads down, building great products for our U.S. and U.K.-based customers." Founded in September 2021 and based in Berlin, San Francisco and the United Arab Emirates, AAICO's goal is to "develop targeted machine learning driven products that automate mission-critical business processes involving manual or repetitive work," Bolurfrushan said.

NEXT50, an Abu Dhabi based-technology company, on Sunday launched Platform50, a one-stop-shop solution for organisations to maximise business value and address tomorrow's challenges. The announcement was made at Next50's inaugural executive day – which spotlighted the latest in state-of-the-art technologies including artificial intelligence (AI) and real-world applications accelerating a data-driven future in three key industries – mobility, logistics, and utilities. The Next50 executive day saw the attendance of key industry leaders in the UAE. With AI is set to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion to the Middle East alone, Platform50 is designed to support organisations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation to meet their growth and sustainability goals. The launch aligns with the UAE National Innovation Strategy and the UAE's Fourth Industrial Revolution Strategy which aims to contribute to the national economy by advancing innovation and future technologies, with AI expecting to contribute 13.6 per cent of the UAE's GDP by the end of the decade based on a report published by the World Economy Forum.

Autonomous shuttle with a demand responsive transit (DRT) system South Korea's autonomous transportation startup 42dot, owned by Hyundai Motor Group, on Monday unveiled a driverless electric shuttle installed with a demand responsive transit (DRT) system. The autonomous shuttle, dubbed aDRT, is a purpose-built vehicle (PBV), or an eco-friendly multi-purpose mobility vehicle. It was built for driverless public transportation from the design stage, unlike a conventional self-driving vehicle installed with an autonomous driving kit, the company said. The eight-seat PBV not only drives rotating routes, but also plans optimized routes depending on demand to improve user convenience. It can accommodate up to seven passengers, as well as one seat for the safety guard, and drive up to 300 kilometers on a single charge.

Toronto, Canada, November 24, 2022 – Datametrex AI Limited (the "Company" or "Datametrex'') (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) is pleased to welcome Mr. Dominique Lemay, as the President of the Company's wholly-owned subsidiary, Datametrex Electric Vehicle Solutions ("DM EVS"). Dominique brings a wealth of experience and knowledge fostered from 25 years in executive roles in the transportation and people mobility industry. Dominique holds an extensive background in growing operations for some of the most notable transportation companies in Canada, such as acting as Chief Operating Officer for VIA Rail Canada, the national passenger rail Crown Corporation, Chief Operating Officer for EXO, Montreal's suburban transit operator, and for the STM's Metro, Montreal's city transit operator. He also led the growth of Transdev Canada, a private mobility provider, as CEO. Dominique's wealth of experience in the transportation, operations and service industry as an executive in public and private organizations brings an abundance of knowledge to drive DM EVS' operations to new heights. "The Company has exciting plans for DM EVS.

Moreover, the market is expected to register a robust CAGR of 22.3% over the next 10 years. Organizations may comprehend and automate processes using this analytical method. AI offers the much-needed efficiency to recognize and handle the intricacies of rapidly advancing technological innovation. From the strategic level through execution, AI consulting services assist firms in implementing and enhancing their AI capabilities. The increase in COVID-19 instances throughout the globe has highlighted the significance of AI in several businesses.

TetraScience, the Scientific Data Cloud company, announced today that Elucidata, whose data-centric platform Polly powers biological discovery with ML-ready biomedical data, has joined the Tetra Partner Network to accelerate the use of Machine Learning (ML) in life sciences R&D, with the Tetra Scientific Data Cloud . "Where machine learning has encountered large-scale, organized scientific data sets, fundamental breakthroughs have been derived," said Alan Millar, Ph.D., V.P., Tetra Partner Network. "By combining over 1.5 million ML-ready datasets curated by Polly with contextualized experimental data from the Tetra Scientific Data Cloud, our partnership accelerates data-driven discoveries. Successful ML initiatives are built on high-quality data. Elucidata's Polly provides access to clean and curated biomedical datasets fit for any tool, pipeline, or ML model.

Shedding light on conversational AI, a key topic at the World AI Show, Aman Goel, CEO & Founder, Exotel states, "Conversational AI will play an important role in the future of customer engagement. Driven by ever-increasing customer expectations, it has become paramount for businesses to implement a round-the-clock easily scalable solution that can only be supported by machine learning tools. Currently, we are at the precipice of chatbot and voicebot technology, with research and new developments in natural language processing and emotional intelligence emerging every day to simulate human-like conversations. We envision a future where AI-enabled support will become a fundamental process in customer engagement, acting as the initial point of contact between a customer and the business. This does not mean that the customer engagement segment will become completely automated by AI. Companies that find the right synergy between human and AI interactions will lead the way in offering successful engagement and support."

Today, Miso Robotics – the company transforming the restaurant industry with robotics and intelligent automation – launched in the UK by bringing its flagship product, Flippy 2, to a Midlands branch of one of the largest quick-service restaurant (QSR) brands in the world. In parallel to its move to the UK, Miso Robotics extended its Series E round and will now take investment reservations from folks in the region – targeting to raise £1.5 million in capital via European crowdfunding site Crowdcube. Flippy 2, a robotics solution that can independently do the work of an entire fry station, has proven it can improve operations in QSRs by decreasing order-to-delivery time, while increasing food consistency and creating a better working environment for human team members. Flippy is able to manage fry stations, which frees up human staff members to be redeployed and focus on other tasks in the kitchen and restaurant that are more fulfilling, such as interacting with customers in the drive-thru or at the register. With the UK takeaway food delivery market growing from £10.5 billion to £13.3 billion between 2021 and 2022, the industry is facing an employment gap that Flippy can help fill – especially with nearly 150,000 unfilled posts in the hospitality sector in the UK at present.

NEW YORK, NY, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Dataiku, the platform for Everyday AI, today announced Ben Taylor's appointment as its first Chief AI Strategist. Taylor, a visionary in the advancements of AI, machine learning, and data science, joins the company to help accelerate momentum as it continues to experience soaring demand amongst enterprise organizations and business users. "A simple truth we face is that AI will be part of every business, whether you like it or not. The only question is whether you want to be a leader or a laggard," said Taylor. "However, the technology itself is nothing without people asking the right questions and bringing what makes us intrinsically human to AI. "This is what makes Dataiku truly special - the company is not just about the technical aspects of its solid AI platform but is centered around collaboration and the people who create the types of jaw-dropping projects I hope to be a part of.

In a study published in Nature Communication recently, a team led by Prof. BI Guoqiang from the University of Science and Technology of China (USTC) and Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences (CAS), together with collaborators from the United States, developed a software package named IsoNet for the isotropic reconstruction for cryogenic electron tomography (cryoET). Their work effectively solved the intrinsic "missing-wedge" problem and low signal-to-noise ratio problems in cryoET. Anisotropic resolution caused by the intrinsic "missing-wedge" problem has long been a challenge when using CryoET for the visualization of cellular structures. To solve this, the team developed IsoNet, a software package based on iterative self-supervised deep learning artificial neural network. Using the rotated cryoET tomographic 3D reconstruction data as the training set, their algorithm is able to perform missing-edge correction on the cryoET data. Simultaneously, a denoising process is added to the IsoNet, allowing the artificial neural network to recover missing information and denoise tomographic 3D data simultaneously.