Japan is known as a leader in the field of robotics and is also a dominant player in artificial intelligence (AI). In fact, after Canada, Japan was the second nation worldwide to adopt a national AI strategy. By 2020, the objective is to increase the number of AI experts from a few thousand to 250,000 per year. AI startups in the Japanese ecosystem are raising millions of dollars in various industries. To provide an overview, they are mainly promoting productivity solutions like ABEJA and LeapMind; Fintech with Moneytree for intelligent online banking and Alpaca for online trading.
From powering personalized career sites that recommend open positions that are ideal for a given candidate based on their capabilities as eightfold.ai AI and machine learning have the potential to create an additional $2.6T in value by 2020 in Marketing and Sales, and up to $2T in manufacturing and supply chain planning according to the McKinsey Global Institute. Please see the latest roundup of machine learning forecasts and market estimates, 2019 for more market data on machine learnings' exponential growth. Alation - Alation offers a machine learning data catalog to help people find, understand, and trust data across their organizations. They've defined their solution to align with the needs of four dominant personas, including Chief Data Officers, Analysts, Stewards, and IT and Engineering. Their Data Catalog is known for its usability and intuitive design. More than 100 organizations, including the City of San Diego, eBay, Munich Re, and Pfizer, have adopted the Alation Data Catalog.
New price forecasting application combines Alpaca's technology with Bloomberg's real-time market data Tokyo – Bloomberg today announced the launch of a new price forecasting application for investment professionals powered by artificial intelligence (AI). The "Alpaca Forecast AI Prediction Matrix" is an application (app) that provides short-term market price forecasts for major markets such as USD/JPY, EUR/USD, AUD/JPY, CME Nikkei 225 Futures Index and US 10-year treasury bonds, using Bloomberg's Market Data Feed (B-PIPE). Developed jointly with AlpacaJapan, a startup that specializes in AI solutions for financial trading, the app uses a cutting-edge deep learning engine to analyse tick data at a speed and volume beyond the ability of the human eye. AlpacaJapan's AI technology recognizes patterns in the waves of price movements instantly, making market predictions possible. Kuni Ishibashi, Bloomberg's head of Japan said, "We are thrilled to introduce this new app as it embodies our mission to fuel innovation in the financial market place.
Google has made a rare investment in Japan after the company led a follow-on round for AI and machine learning startup ABEJA. The deal amount is undisclosed but a little digging suggests that it is likely a single-digit million U.S. dollar figure. That's because six-year-old ABEJA did confirm that it has now raised JPY 6 billion ($53 million) from investors to date. The company has raised $45 million in disclosed capital, according to Crunchbase, which leaves around $8 million unaccounted for -- although that covers both the Google investment and a previous Series A deal in 2014, which was also undisclosed. Numbers aside, the deal is notable not only because it represents a Google deal in Japan, but because it is strategic in nature.
Some people think that "sustainable eating" means shopping exclusively at over-priced chains like Whole Foods but we're here to shut that myth down with two words – Almazan Kitchen. Who knew that a couple of Serbian guys cooking organic food in a forest with their pet owl could generate nearly 20 million views for a single video? Serbia is just one of many countries found in Central and Eastern Europe (CEE), a region that consists of relatively small countries that gained independence after the collapse of the Soviet Union around 1989. As these countries transformed into democratic states with capitalistic economies only 30 years ago, they had to overcome unique handicaps compared to more developed nations in Western Europe – like no organic grocery stores. Still, most of the region has registered rapid GDP growth over time that was only slowed by the global financial crisis of 2008.