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Cisco to acquire AI startup MindMeld for $125 million

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Cisco today announced plans to acquire AI startup MindMeld for $125 million. Cisco decided to acquire MindMeld, a company that's been called "Siri on steroids," because many bot experiences today are disappointing, IoT and applications VP Rowan Trollope wrote in a blog post today. "Bringing the MindMeld team to Cisco is a giant leap forward in helping our customers experience the next generation of interactive, conversational interfaces." Cisco collaboration software competition includes other enterprise chat players including Microsoft Teams, Google Hangouts Chat, and Slack.


rue21 launches virtual stylist powered by mode.ai on Facebook Messenger

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The rue21 virtual stylist is one of the first to integrate Messenger's new chat extension feature, unveiled today at the 2017 F8 Developer Conference, which allows users to interact with the virtual stylist in group and 1:1 message threads with friends. "We're thrilled to be one of the first retailers to use this new feature and we have a great partner in mode.ai," said Brett Trent, Chief Marketing Officer at rue21. "This virtual stylist will allow our customer to have an engaging, personalized experience with just a few clicks." Created by mode.ai, the rue21 style bot will give users a visually rich shopping experience via Messenger. Features include image-based visual styling suggestions; size, color, and price search filters; size personalization; styling inspiration, and more.


Accenture, can I ask you a few questions?

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Hey Accenture, are you aware that your PR firm is pitching your latest corporate beta for a creepy face and emotion-monitoring algorithm as a party trick? Do you know what a party is? Have you read the definition? Would you call requiring people to download an app before they can get into an event a party-time kind of thing to do? Would you say that demanding that people scan their faces so they can be recognized by an algorithm fun times? Does having that same algorithm watch and record every interaction that happens in the Austin bar or event space you've filled with some light snacks and a bunch of free liquor count as rockin like Dokken? Do good hosts require people to become lab rats in the latest attempt to develop HAL?


Bankers Believe Artificial Intelligence Is Key to Creating a More-Human Customer Experience, According to Accenture Report

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NEW YORK, LONDON & HONG KONG--(BUSINESS WIRE)--In the next stage of artificial intelligence adoption, banks will use AI to help understand the intentions and emotions of customers and enable better interactions, according to a new report from Accenture (NYSE:ACN). The report, Accenture Banking Technology Vision 2017, draws on the analysis of an advisory board of more than two dozen individuals, interviews with technology luminaries and industry experts, and results of a survey of more than 600 bankers. According to the report, more than three-quarters (78 percent) of bankers believe that AI will enable simpler user interfaces that will help banks create a more human-like customer experience. In addition, four out of five respondents (79 percent) believe that AI will revolutionize the way banks gather information and interact with customers, and three-quarters (76 percent) believe that within three years, banks will deploy AI as their primary method for interacting with customers. "Consumers' diverse needs and priorities are forcing financial services firms to redefine how they interact with them to determine the best products and services to meet individuals' needs," said Alan McIntyre, a senior managing director at Accenture and head of the company's Banking practice.


New Google Home partnerships expand the smart speaker's footprint in the smart home

PCWorld

Vivint Sky and Wink Hub owners who want to use voice commands to control their lighting, thermostats, and other subsystems will soon no longer be limited to deploying Amazon Echos--both companies announced today that their systems will soon be compatible with Google Assistant, too. Both companies already work with Amazon's voice assistant, Alexa, but neither wants to be limited to a single platform. "Obviously there's more than one option for homeowners who want to have voice services in the house," said Vivint Smart Home Chief Technology Office Jeremy Warren. "We want to make sure we're providing a great user experience for our customers regardless of which platform they adopt." Google announced 11 other new partnerships as well, ranging from Logitech Harmony, to August smart locks, to the Anova sous-vide cooker.


YES BANK partners with Payjo to launch Artificial Intelligence led Digital Initiatives - Press Release

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Mumbai, March 20, 2017: Disruptive technologies lead to better customer experiences - from Internet to touch screens. We believe Artificial Intelligence is'The Fourth Transformation' in technology that will fundamentally redefine customer experiences. Today, YES BANK is proud to announce a big step towards adopting Artificial Intelligence (AI), in partnership with Payjo, a leading AI Banking Platform based out of Silicon Valley, California. The YES Pay Bot will be the first AI-driven Bot for a wallet and will complement the already trusted and popular YES Pay wallet service with over half-a-million users. YES BANK is launching its wallet services through a chat-based financial assistant in partnership with Payjo on Facebook Messenger.


Samsung Launches Premium Exynos 9 Series Processor Built on the World's First 10nm FinFET Process Technology

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Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced the launch of its latest premium application processor (AP), the Exynos 9 Series 8895. This is Samsung's first processor chipset to take advantage of the most advanced and industry leading 10-nanometer (nm) FinFET process technology with improved 3D transistor structure, which allows up to 27% higher performance while consuming 40% less power when compared to 14nm technology. The new Exynos 9 Series 8895 is the first processor of its kind to embed a gigabit LTE modem that supports five carrier aggregation, or 5CA. It delivers fast and stable data throughput at max.1Gbps (Cat.16) The Exynos 8895 is an octa-core processor, comprising of four of Samsung's 2nd generation custom designed CPU cores for improved performance and power efficiency in addition to four Cortex -A53 cores.


Using Data to Inform Pricing & Promotion Decisions [a Q&A with Rubikloud]

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Leveraging data from disparate sources to provide more personalized promotions to consumers can seem like a fool's errand. The efforts, however, can be rewarded with higher key performance indicators (e.g., click throughs, conversions, average order values, loyalty). As part of our, "4 Companies You Didn't Know Worked in Artificial Intelligence" feature, Website Magazine caught up with Rubikloud CEO Kerry Liu to learn more about how his company helps retailers gather data from consumer behaviors and use it in meaningful ways. What are some common problems of retail promotions? Retailers tend to struggle with gaining a holistic view of their customers due to outdated legacy solutions.


Cloverleaf Unveils First Emotional Artificial Intelligence Shelf Solution for In-store Retailers

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NEW YORK, NY--(Marketwired - Jan 12, 2017) - Cloverleaf, a retail technology company for the modern brick-and-mortar marketer and merchandiser, today announced shelfPoint, the industry's first dynamic shelf solution with built-in emotional artificial intelligence (Emotion AI) capabilities. With shelfPoint, brands and retailers can now capture customer engagement and sentiment data at the moment of purchase decision -- something previously unavailable in physical retail stores. Despite the rise of online shopping in recent years, Forrester1 predicts that 88% of purchases in 2017 will still be made in physical stores. Yet, retailers lack the in-the-moment tools necessary to captivate shoppers and gain insights that lead to sales uplift. While advancements in e-commerce analytics have upleveled marketers' understanding of consumer behaviors, brands and retailers still have little-to-no insight as to what happens in-store.


CES 2016: How smart can your home get?

AITopics Original Links

On Sunday, Mark Zuckerberg set his goal for 2016 via a Facebook post: build an artificial intelligence to run his home and assist his work, "like Jarvis in Iron Man." The lofty ambition fits a growing trend of "smart" home technology, which links smartphones, tablets, and other computers with household appliances and other home items. High-powered commercial drones, self-driving cars, and virtual reality dominated the presentations at the annual Consumer Electronics Show (CES) in Las Vegas, with Microsoft announcing its intention to become the "ultimate platform for all intelligent cars" and Intel showing how its new drone can dodge falling trees. But Samsung aimed closer to home. During its CES press conference, the South Korean company focused on new its new "SmartThings" appliances, which range from televisions to washing machines.