The startup product is an AI based chatbot with remote identification. Instead of mobile applications and internet banking, all money management, including activation, blocking and unblocking of cards, and free of charge transfers in TalkBank are handled by chatbots, intellectual robot assistants, using text messages. The startup uses machine learning technologies which recognize users' speech and forecasts responses. That's why we – the TalkBank team- created the robot bank. Investors' support will certainly allow us to offer services to wider population in Russia and abroad.
Socialeads, Inc., a Milwaukee-based AI & machine learning technology startup, closed $750k seed funding round. The round was led by The Winnebago Seed Fund with participation from Northwestern Mutual's Cream City Venture Capital and the BrightStar Wisconsin Foundation. The participation from Cream City Venture Capital expands its stake in Socialeads who won Northwestern Mutual's Reverse Pitch last fall. The financing will be used to expand the company's resourcing needs to launch initial pilots for Northwestern Mutual's financial advisors. Founded in 2018 by Larry Hitchcock and Matthew Salzer, Socialeads provides an AI platform for financial services companies and their advisors to know the size, depth, and value of their professional and personal social networks.
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NEW DELHI: Panasonic India is scouting for companies to acquire in 6-9 months to develop artificial intelligence (AI) and Machine learning technologies, which it wants to integrate with its future smartphones to differentiate from rival vendors in the crowded yet fast growing market. The handset vendor has already set aside an initial corpus of 10 million for the development of this technology through a merger and acquisition or a joint venture. "The budget is in tune of 10 million to start with, and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan," Pankaj Rana, head of mobility division, India, South Asia, Middle East and Africa at Panasonic, told ET. "Our team would be traveling to Silicon Valley soon.
File photo taken on December 17, 2014 shows people sitting below a Baidu logo at the Baidu headquarters in Beijing. Chinese web services shares, LinkedIn and Netflix were in the news Tuesday. Baidu (BIDU) shares rose 3.5% on Tuesday after falling 11% in premarket trading. The moves came after Baidu cut its revenue forecast for the second quarter by 400 million following new advertising regulations after a Baidu search paid listing led a Chinese college student to seek out and die from an experimental cancer treatment. Baidu said it altered its paid search practices to make it a "more trustworthy platform for users."