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Company receives funding for next-generation drug discovery platform that uses artificial intelligence technology
Recursion Pharmaceuticals (UT, USA) has announced that it will receive 12.9 million in funding for development of its next generation drug discovery platform that combines high-throughput biology and automation with the newest advances in artificial intelligence (AI). So far, the company has successfully repurposed known drugs, bioactive compounds, and shelved pharma assets in the space of rare genetic disease. With its Series A funding, Recursion hopes to scale up its venture from the exploration of dozens of targets and diseases per year to thousands. Recursion intends to continue focusing on drug repurposing and repositioning, an attractive strategy for big pharma since it leverages existing safety and efficacy data to translate discoveries into the clinic more rapidly and more economically. The company will be primarily partnering with deep technology investor Lux Capital (CA, USA), with participation from Obvious Ventures (CA, USA), Epic Ventures (UT, USA), Data Collective (CA, USA), AME Cloud Ventures (CA, USA), and several angel investors.
Singapore AI data analytics startup Nugit raises 5.2M from Sequoia India
Singaporean Artificial intelligence data analytics startup Nugit Pte. Ltd. has raised 5.2 million in funding from Sequoia India. Founded in 2013, Nugit uses artificial intelligence, natural language generation, and visual design to help marketers generate more usable reports based on the big data generated by advertising activity. The company's platform provides analytics for digital marketers and C-suite professionals, turning data into decision-ready reports which flow straight back into the enterprise workflow. Artificial intelligence technology powers data cleaning, integration and harmonization of data sources in real time on Nugit's platform, while their Natural Language Generation technology adds on insights written in easy to understand language and "decision-ready" reports are then delivered via email or powerpoint. The reports themselves are said to be built around'smart stories' and beautiful visualizations that deliver better quality reporting in a shorter time frame.
Artificial Intelligence: Will we gain more or lose more by investing in AI?
PREDICTING HOW artificial intelligence technology will evolve in the following ten or 20 years, or even beyond, is very difficult to say the least. However, certain is the fact that there is much to be gained to go around for everyone. It is estimated that by the year 2018, robots will literally be supervising more than three million of us at work; and by 2020, smart machines will become a major investment priority amongst at least 30% of all CIOs. As we speak many different fields spanning from customer service to journalism are already being set aside by increasingly able AI that can replicate human abilities and experience. Already before our eyes is an aspect that we once thought only belonged in future technology.
The Big Bang Moment in A.I.
Remember what you were doing back in 2011? Maybe you had heard the term Big Data, but did you ever hear of Artificial Intelligence (AI) or Machine Learning? In the past five years, three things came together that make AI possible at commercial scale that's caused a big stir in 2016: Today I'm humbled to welcome Tim Llewellynn to the MakerZone! Tim is CEO and co-Founder at nViso (www.nviso.ch), To many people the whole "AI" thing came as kind of a surprise in 2016, but not to Tim and his team. The team at nViso are a commercial entity but have their roots in L'cole Polytechnique Federale Lausanne (EPFL).
6 Ways Designers Need to Adapt in the Age of AI
Have you noticed anything interesting the last time you uploaded a picture on Facebook? Perhaps you picked up on the fact that sometimes Facebook tries to tag your friends and family for you. Welcome to DeepFace, Facebook's facial recognition system. If you're wondering why it's called DeepFace, it's because at its core, the system is based on a type of Artificial Intelligence (AI) called Deep Learning. AI is here, and it's changing the way that we interact with technology on a daily basis.
Dr Now passes inspection amid more scrutiny for health apps
The first of the digital GP services to face a CQC inspection has been given a provisional clean bill of health, with the service provided via a mobile app deemed "safe". A draft Care Quality Commission inspection report on Salford Quays, Manchester, also known as Dr Now, has been released by the company. The draft report found the service provided "safe care in accordance with the relevant regulations". Dr Now is one of two private digital healthcare providers, along with Babylon Health, that the CQC has inspected as part of an "independent health" pilot. As reported by Digital Health News earlier this week, by April next year the CQC plans to roll out a more focused regulatory regime for the growing number of digital healthcare services, many of them run by companies charging for private access to NHS doctors.
Robot-ceptionists the next frontier for office automation
Her name is JiLL and she is here to assist you as the new receptionist and concierge at the company's facilities management division in Sydney. Chris Hunt, Australasian Head, Integrated Facilities Management at JLL shows JiLL a 57cm tall NAO robot. JiLL joins the team as the firm's corporate front of house admin team for it's new offices at 50 Carrington Street She is 57cm tall humanoid NAO robot and part of the agent's next step in what it calls its workplace strategy. Having robots in warehouses is not a new idea, but creating one to be the front of house administrator shows where automation could lead in the white collar office sector. The idea is that some tasks can now be done by robots, leaving employees to focus on more in-depth "tactical activities".
AI is Crushing It, But Why Now? - insideBIGDATA
This is the year of artificial intelligence, when the technology came into its own for mainstream businesses. Many well-known names have committed to adding AI solutions to their product mix โ General Electric is pushing its AI business called Predix, IBM runs ads featuring its Watson technology talking with Bob Dylan, and just recently CRM giant Saleforce announced it would be adding AI to it products. Its system, called Einstein, promises to provide insights into what sales leads to follow and what products to make next. These moves represent years of development and billions in investment. There are big pushes for AI in manufacturing, agriculture, healthcare and many other industry sectors.
Real AI products arrive
Pete Skomoroch and Jon Bruner will be hosting O'Reilly Bot Day October 19, 2016, in San Francisco. Subscribe to the O'Reilly Bots Podcast to learn about advances in conversational user interfaces, artificial intelligence, and messaging that are revolutionizing the way we interact with software. Find us on Stitcher, iTunes, SoundCloud and RSS. Something remarkable is happening in the world of artificial intelligence. At the O'Reilly AI Conference in New York, people weren't just talking about AI as a far-off dream; they were talking about AI as something that exists in real products today.
Can a chatbot teach you a foreign language? Duolingo thinks so
If you want to get something done with a computer, it turns out, there are better ways to do it than laboriously type out conversational sentences to be read by a programme with a shaky grasp of the language and a gratingly affected sense of humour. So I'm as surprised as anyone that for the past week, I've started every morning with a 10 minute conversation with a chatbot. The bot is the creation of Pittsburgh-based language-learning startup Duolingo, and it's the first major change for the company's app since it launched four years ago. In that time, the service has gained 150 million users, and stuck stubbornly to the top of the educational app charts on every platform it's available on. If you haven't used Duolingo, the premise is simple: five to 20 minutes of interactive training a day is enough to learn a language.