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) …
TEL AVIV (Reuters) - Walmart said on Tuesday it has acquired Aspectiva, an Israeli start-up whose technology analyses consumers' product reviews to help shoppers make decisions. Financial details were not disclosed. Aspectiva will join Walmart's Store No 8, the incubation arm launched by the U.S. retailer in 2017 to find new commerce-related technologies. Aspectiva has developed machine-learning techniques and natural language processing capabilities, "areas we believe will have profound impact on how customers will shop in the future," Store No 8 principal Lori Flees said. Walmart also has a strategic investment in Team8, an Israeli cybersecurity start-up incubator, and launched a joint venture with Eko, an interactive media and technology company with offices in Tel Aviv and New York.
It's that time when we start to look ahead to what next year holds for the life science sector...Lu Rahman outlines 2020s big medtech players A decade ago the healthcare advances create by AI would have seemed the stuff of dreams. But back in 2018 Theresa May announced plans to use artificial intelligence and data to transform the way certain diseases like cancer. The technology is moving at a pace – this year we heard that a team led by the University of Surrey had filed the first ever patent for inventions autonomously created by AI without a human inventor. Professor Ryan Abbott explained the implications this had for the life science sector: "These filings are important to any area of research and development as well as any area that relies on patents. Patents are more important in the life sciences than in many other areas, particularly for drug discovery. These tasks can be the foundation for patent filings. "As AI is becoming increasingly sophisticated, it is likely to play an increasing role in R&D including in the life sciences.
WIRE)--Citrine Informatics has been named an Enterprise of the Year Gold winner in the Best in Biz Awards, the only independent business awards program judged by prominent editors and reporters from top-tier publications in North America. Citrine Informatics' artificial intelligence technology is used by the world's largest materials and chemicals companies to accelerate the product development cycle. Since 2011, Best in Biz Awards' entrants have spanned the spectrum, from the most innovative local companies and start-ups to some of the most recognizable global brands. With more than 700 entries, the 9th annual program attracted a record number of entries from an impressive array of public and private companies of all sizes and spanning all geographic regions and industries in the U.S. and Canada. Best in Biz Awards 2019 honors were conferred in 80 different categories, including Company of the Year, Fastest-Growing Company, Most Innovative Company, Best Place to Work, Customer Service Department, Executive of the Year, Most Innovative Product, Enterprise Product, Best New Service, CSR Program, Event and Blog of the Year.
DataRobot, a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Up until now, DataRobot has concentrated mostly on the machine learning and data science aspect of the workflow -- building and testing the model, then putting it into production. The data prep was left to other vendors like Paxata, but DataRobot, which raised $206 million in September, saw an opportunity to fill in a gap in their platform with Paxata. "We've identified, because we've been focused on machine learning for so long, a number of key data prep capabilities that are required for machine learning to be successful. And so we see an opportunity to really build out a unique and compelling data prep for machine learning offering that's powered by the Paxata product, but takes the knowledge and understanding and the integration with the machine learning platform from DataRobot," Phil Gurbacki, SVP of product development and customer experience at DataRobot, told TechCrunch.
In the latest version of Ortoma Treatment Solution, OTS 4, Ortoma has introduced support of Artificial Intelligence. The system drastically reduces the time needed for pre-operatively planning of a hip implant in 3D, which has created a big interest for the company's unique solution. With OTS 4, an automatic AI-analysis, which forms the basis for the pre-operative planning, is made. The analysis does not take more than about 30 seconds and includes a suggestion for suitable implant and its optimized position. The surgeon can adjust and verify the result in a simple and intuitive workflow, which only takes a few minutes.
Apple has acquired a startup in the UK that develops technology designed to improve smartphone photography. According to a new report from Bloomberg, Apple has acquired Spectral Edge for an undisclosed sum. Spectral Edge uses machine learning to "make smartphone pictures crisper, with more accurate colors." This works primarily by taking an infrared image and blending it with a standard photo. "Spectral Edge combines patented Image Fusion tech with Deep Learning to reveal more of the color, detail and clarity in any image," the company explained in its pitch.
Accel Robotics, one of a growing number of AI startups that's setting out to enable automated cashierless stores, has raised $30 million in a series A round of funding led by SoftBank, with participation from New Ground Ventures, Toyo Kanetsu Corporate Venture Investment Partnership, and RevTech Ventures. Founded out of San Diego in 2015, Accel Robotics is developing the AI and computer vision smarts needed for checkout-free stores, which are designed to make queuing a thing of the past and will generate vast swathes of consumer data. The general idea is that the shopper simply walks into a store, picks items from the shelves, and then walks out again -- with the receipt sent directly to their mobile device. Accel Robotics has largely flown under the radar compared to other companies operating in the burgeoning cashierless store sphere, but it said it is already working on deployments across North America and Japan -- including in restaurants and drugstore chains. Amazon is arguably the highest profile cashier-free store operator, and since the ecommerce giant debuted its concept Amazon Go stores back in 2016, it has expanded the outlets to 18 locations across the U.S. A number of startups have launched to bring automated supermarkets to every city by helping retailers adapt their existing stores.
BOSTON – December 12, 2019 – DataRobot, the leader in enterprise AI, today announced that it has entered into a definitive agreement to acquire Paxata, the pioneer of self-service data preparation and leading data fabric provider, to fulfill its mission to build the world's first automated end-to-end enterprise AI platform. While the massive impact of AI on enterprises is well understood -- PwC forecasts by 2030 AI could contribute $15.7 trillion to the global economy -- companies must overcome several key challenges associated with AI in order to reap the benefits and become successful. Data preparation is one area that has historically held companies back. Creating a dataset for training predictive models, deploying data prep steps with AI models, and preparing data specific to AI routines are all major challenges companies face when it comes to leveraging data at scale. By providing tools that help users build automation into their data prep processes, the Paxata acquisition will alleviate these pain points for customers and dramatically enhance their ability to achieve AI-driven outcomes rapidly.
Want to share this story? Observe.ai, which provides call center technologies using AI, announced it has raised new funding. This funding, $26 million Series A, was led by Scale Venture Partners with participation from 01 Advisors, Steadview Capital, Emergent Ventures and Nexus Venture Partners. Since its launch in August 2017, Observe.ai raised collectively $34 million in funding, including funds raised from this current Series A round. The service, which allows call center managers to monitor transactions in real-time with the benefit of AI to accurately critique performance, is currently in use at TripAdvisor, Root Insurance and ERC.
VANCOUVER, BC / ACCESSWIRE / December 12, 2019 / Dimension Five Technologies Inc. (CSE:DFT) (the "Company"), is pleased to announce that it has entered into a share exchange agreement dated December 11, 2019 (the "SEA") with Digital Cavalier Technology Services Inc. doing business as Youneeq ("Youneeq") to acquire all of the issued and outstanding securities of Youneeq (the "Transaction"). The Company and Youneeq have signed the SEA and signatures are being gathered from Youneeq shareholders in order to obtain a fully executed version. The proposed transaction is dependent on all Youneeq shareholders signing the SEA. Youneeq is an award-winning personalization and recommendation engine powered by artificial intelligence (AI). The company is poised to become a leading multi-channel AI personalization engine focused on the anonymous audience, the single biggest segment for marketers.