The risk to people's jobs from artificial intelligence, the prospect that machines will displace workers, has a kind of positive flip side, according to some: The possibility that taking away the more mundane parts of work may make those still with a job more productive. That's the premise of a startup in enterprise software that's been blessed with $42 million in the past two years in order to chase down those parts of information work that lie abandoned in dark corners. "I hated logging stuff into Salesforce," reflects Oleg Rogynskyy of his many years in sales and marketing using the marquee CRM software. Rogynskyy is founder and chief executive of San Francisco-based People.ai, a two-and-a-half year old cloud software venture that on Tuesday announced a $30 million Series B round of funding from venture capital firm Andreessen Horowitz. The new money follows seed investment from Y Combinator, Index Ventures, Shasta, and a group of angel investors, and an A round led by Lightspeed Venture Partners.
Enthusiasm for artificial intelligence (AI) is high among organizations, with early adopters reporting substantial returns and planning to invest in more projects, according to a new report from consulting firm Deloitte Consulting LLP. The second edition of the firm's State of AI in the Enterprise report also shows that organizations "may want to tap the brakes, if only to more skillfully navigate the inevitable twists and turns that lie ahead." For its research, Deloitte surveyed 1,100 US executives from companies considered to be early AI adopters, and found that 82 percent report a positive return on their investment. The median return was 17 percent. Some industries are more adept than others at making AI investments pay off.
A robot has completed the prestigious task of ringing the famed New York Stock Exchange bell to signal the end of trading. Traders witnessed the modern twist to the historical tradition as Universal Robots' UR5e successfully completed the task. The collaborative robot - or cobot - rang the day's closing bell with the help of a two-finger gripper from Robotiq. The UR5e robot has a range of uses and a maximum load of five kilograms (11 pounds). It can operate successfully within a radius of up to 33.5 inches (85 cm) and they are used extensively throughout industries that require low-weight processes, such as picking, placing, and testing.
IBM has announced AI OpenScale, a service that aims to bring visibility and explainability of AI models for enterprises. When it comes to adopting AI for business use, there are multiple concerns among enterprise customers. Lack of visibility of the model, unwanted bias, interoperability among tools and frameworks, compliance in building and consuming AI models are some of the critical issues with AI. IBM AI OpenScale provides explanations into how AI models are making decisions, and automatically detects and mitigates bias to produce fair, trusted outcomes. It attempts to bring confidence to enterprises by addressing the challenges involved in adopting artificial intelligence.
Toptal, a global network of top talent in business, design, and technology that enables companies to scale their teams, on-demand, today announced the launch of its two new on-demand talent specializations to meet the rising demand for skilled artificial intelligence and data science engineers. Tapping into Toptal's private network of highly skilled software professionals, the new specialized service will connect organizations with freelance artificial intelligence and data science professionals who are experts in machine learning, deep learning, data architecture, and data mining. "Businesses across every sector are moving quickly to leverage the power of artificial intelligence and data science optimization.
The driver in a car accident takes a picture of the damaged vehicle and sends it to an insurer for a coverage quote on the spot. A hat retailer uses data analytics to tweak its marketing formula and more than 60 percent of recipients suddenly open their messages in an email campaign. A hotel guest checks in and issues voice commands to an in-room personal assistant, ordering a rental car from the guest's preferred company that shows up outside the lobby a half-hour later. Is this the future of artificial intelligence, or is it a mad vision of computers run amok? In fact, these are all actual use cases presented during Dreamforce 2018 in San Francisco this week (pictured), and they underscore a theme that occupied much of the conversation among 170,000 attendees.
Razer's senior vice president and general manager Tom Moss is leaving the company for the role of COO at Skydio, a company that focuses on autonomous drones. The announcement, which Moss made via a Medium post, comes right after the mobile company launched the Razer Phone 2, the successor to its first large, gaming-optimized device which launched last year. Moss has played an integral role in the development of smartphones as we know them, working with the early Android team at Google and then starting Nextbit, where he helped develop Baton, the precursor to the many device continuity features we take for granted nowadays. But after 12 years in smartphones, Moss says it's time to "take another leap" and says of autonomous drones that he's "seeing a moment in time where a new technology is going to change so much of our daily lives, and [I'm] damned if I don't want a front row seat this time as well." According to Moss, Skydio is helping propel drones out of the "dumb stage" and into an era of "flying computers."
This year's Tableau Conference, kicks off with its keynote and first day of sessions in New Orleans today. As part of the festivities, Tableau and open source geographic information systems (GIS) player Mapbox, are announcing their Mapbox Geospatial Analytics Extension for Tableau. The extension allows customers to easily aggregate spatial data into clusters and regular grids or transform the data into voronoi polygons or isobands. Sheets and dashboards in Tableau already look good. Add in some impressive map visualizations and things go from good to great.
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