Tech decision makers are (and should keep) looking for ways to effectively implement artificial intelligence technologies into their businesses and, therefore, drive value. And though all AI technologies most definitely have their own merits, not all of them are worth investing in. If one thing and only one thing happens after you read this article, we hope it is that you are inspired to join the 62% of companies who boosted their enterprises in 2018 by adopting Artificial Intelligence into their workflow. Natural language generation is an AI sub-discipline that converts data into text, enabling computers to communicate ideas with perfect accuracy. It is used in customer service to generate reports and market summaries and is offered by companies like Attivio, Automated Insights, Cambridge Semantics, Digital Reasoning, Lucidworks, Narrative Science, SAS, and Yseop.
Natural Language Generation is an AI sub-discipline that converts data into text, enabling computers to communicate ideas with perfect accuracy. It is used in customer service to generate reports and market summaries and is offered by companies like Attivio, Automated Insights, Cambridge Semantics, Digital Reasoning, Lucidworks, Narrative Science, SAS, and Yseop. Siri is just one of the systems that can understand you. Every day, more and more systems are created that can transcribe human language, reaching hundreds of thousands through voice-response interactive systems and mobile apps. Companies offering speech recognition services include NICE, Nuance Communications, OpenText and Verint Systems.
This is the first installment in a three-part review of 2016 in machine learning and deep learning. In Part Two, we cover developments in each of the leading open source machine learning and deep learning projects. Part Three will review the machine learning and deep learning moves of commercial software vendors. As organizations expand the use of machine learning for profiling and automated decisions, there is growing concern about the potential for bias. In 2016, reports in the media documented racial bias in predictive models used for criminal sentencing, discriminatory pricing in automated auto insurance quotes, an image classifier that learned "whiteness" as an attribute of beauty, and hidden stereotypes in Google's word2vec algorithm.
As recently as 2013, the [deep learning] space saw fewer than 10 deals. Computer Vision: Startups here are using deep learning for image recognition, analytics, and classification. Aerial image analytics startup Terraloupe was seed-funded this year by Germany-based Bayern Kapital. New York-based Calrifai -- backed by investors including Google Ventures, Lux Capital, and NVidia -- entered the R/GA accelerator this year, after raising 10M in Series A in Q2'15. Captricity, which extracts information from hand-written data, has raised 49M in equity funding so far from investors including Social Capital, Accomplice, White Mountains Insurance Group, and New York Life Insurance Company.
Horizons Ventures has backed 3 unique companies on the map: Viv Labs, Sentient Technologies, and Affectiva. Increased investor interest in AI startups – from around 10 deals in Q1'11 to over 120 in Q2'16 – can be attributed to recent advances in machine learning algorithms, particularly "deep learning" technology, a souped up version of AI. Just this week, Google integrated deep learning into its Google Translate tool; Baidu announced the launch of DeepBench, an "open source benchmarking tool for evaluating deep learning performance across different hardware platforms"; and NVIDIA introduced Xavier, a deep learning-based supercomputer for driverless cars. In the private market, Google put deep learning in the spotlight back in 2014 when it acquired 4 startups focused on this AI tech in quick succession: DeepMind, Vision Factory, Dark Blue Labs, and DNNresearch. Apple, which joined the race in 2015, most recently acquired Turi, which has developed a deep learning toolkit, among other AI-based solutions.