If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
Today, the eCommerce business has entirely revolutionized retail. It has significantly influenced the buying behavior of customers across the globe and pushed retailers to sell online owing to the tremendously rising competition. According to Statista, 21.8% of the World's population buys online, and in 2021, the number is expected to rise to over 2.14 billion. Logistics is an indispensable part of the eCommerce business and plays a major role in the way the industry operates. AI-backed logistics solutions in the eCommerce business are evolving with growing business requirements and are acting as an important lever for business growth.
We've been experiencing tremendous changes in our lives with the advent of IoT-based devices and equipment. So, the demand for IoT development services and the guidance of DPO services has increased in various industries, including healthcare, logistics, education, retail, and others. Still, the future of IoT is in its win-win combination with artificial intelligence. For the last few years, growing demand for AI and IoT interoperability is observed in almost every sector where IoT has proved its efficiency. Let's take a closer look at how we can leverage the two technologies combined.
The RealReal's Finance team is looking to hire a Senior Engineer, Transportation that will be an integral part of our growing team. The Sr. Engineer, Transportation is responsible for identifying, recommending and implementing improvement opportunities across the supply chain, including distribution centers, transportation and logistics. Provide local technical engineering support to the operations teams in the distribution centers in the areas of labor management, operational processes, facility design and layout, equipment, automation and measuring efficiency, quality and effectiveness in the operations and transportation. Results should improve productivity across the operations and reduce the cost per unit, increase speed of distribution of goods and help accuracy. The RealReal is the world's largest online marketplace for authenticated, resale luxury goods, with more than 20 million members.
Artificial intelligence (AI) and the Internet of Things (IoT) are both cutting-edge technologies that are starting to get traction in the world around us. Fortune Business Insights notes that the size of the global AI market hit $27 billion in 2019, and estimates put it to grow tenfold by 2027. The IoT is just as vibrant a sector. PR News Wire contends that the amount of IoT devices will cross 24 billion by 2030. Both of these advances count as "smart" technologies.
The advent of technology has revolutionized how the world functions. People and businesses alike have adopted modern technology to enhance their prospects and lifestyle. The business that is yet to adopt technology in its functions does not get favor from customers. Hence, they are overtaken by their competitors who have already adopted it. Advanced technologies like IoT (Internet of Things), Machine Learning, Artificial Intelligence, etc. have managed to overpower outdated systems. However, it is the current Covid-19 pandemic that has compelled almost all businesses to go online and adopt the top technology trends.
In recent years, supply chains have become substantially more challenging to manage. Longer and increasingly interlinked physical flows reflect the rising complexity of product portfolios. Market volatility, which has been exacerbated by the COVID-19 pandemic, has elevated the need for agility and flexibility. And increased attention on the environmental impact of supply chains is triggering regionalization and the optimization of flows. As a result, companies and stakeholders have become more focused on supply-chain resilience.
WIRE)--Airbus Ventures announces its latest investment in Telexistence, Inc., a leading innovator in remote-controlled robotics with artificial intelligence that has closed a $20M Series A-2 financing round led by a group company of Monoful Inc. and comprising additional funds from KDDI, Deepcore, UTokyo IPC, and multiple new investors. Telexistence has raised about $41 million to date, since the company's inception in 2017. "As we rethink and transform the basic meaning of'existence,' we are actively expanding our in-house engineering team, accelerating product development, and upscaling deployment to the company's growing customer base in offline retail and logistics," explains Jin Tomioka, Telexistence CEO and co-Founder. "This funding signals a new chapter, and we are excited to welcome new partners, still more grateful than ever for Airbus Ventures, our lead Series A investor in 2018, and their mentorship and dedication to our mission." Materializing a vision of a more connected humanity interacting and evolving across multiple spatial and temporal scales, Telexistence releases humans from physical constraints utilizing Telexistence technology, robotics, telecommunication, VR, haptics, and AI.
In the wake of COVID-19, all kinds of technological processes have been considered in an attempt to make up for supply chain complications and labor challenges. In this unstable environment, artificial intelligence has been instrumental in streamlining shipping logistics to accommodate the new normal, and the implications of this tech are widespread. AI itself has had a heyday in modern industry. One study found the use of AI in business processes has jumped 25 percent year-over-year as companies of all kinds integrate smarter computing processes to increase efficiency. The power of this tech across shipping and supply chains, in particular, is transforming the industry in the form of data analytics, connected monitoring systems, and automated processes.
Proving that Central and Eastern Europe remains a powerhouse of hardware engineering matched with software, Gideon Brothers (GB), a Zagreb, Croatia-based robotics and AI startup, has raised a $31 million Series A round led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries Inc., with participation from DB Schenker, Prologis Ventures and Rite-Hite. The round also includes participation from several of Gideon Brothers' existing backers: Taavet Hinrikus (co-founder of TransferWise), Pentland Ventures, Peaksjah, HCVC (Hardware Club), Ivan Topčić, Nenad Bakić and Luca Ascani. The investment will be used to accelerate the development and commercialization of GB's AI and 3D vision-based "autonomous mobile robots" or "AMRs". These perform simple tasks such as transporting, picking up and dropping off products in order to free up humans to perform more valuable tasks. The company will also expand its operations in the EU and U.S. by opening offices in Munich, Germany and Boston, Massachusetts, respectively.
After some mixed trading on Monday, stocks continued to be mixed Tuesday. The S&P is taking another crack at its first record high since May, while multiple websites are confronting a major internet outage. The Dow Jones fell about 30 points, the S&P 500 inched up about 0.2%, and the Nasdaq NDAQ gained 0.5%. Tesla TSLA led tech stocks and the S&P higher, rising 2.4% after seeing a 29% jump in May China deliveries from April. It was a good day for airlines today as well.