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) …
Synthetic Minds, which aims to build safer blockchain code, today announced it has raised $5.5 million in a new round of funding. The San Francisco startup is a graduate of the most recent summer class from the Y Combinator accelerator. The money came from Khosla Ventures and Pantera Capital (a cryptocurrency-focused fund). This funding comes on the heels of investment from Y Combinator. Synthetic Minds' core technology is called program synthesis.
Accenture has acquired a financial services firm that specializes in using artificial intelligence and robotic process automation in corporate and commercial lending, the company said Wednesday. TargetST8 Consulting, which was founded in 2013, focuses exclusively on the financial markets, serving banks and investment firms in the U.S. and Europe, Accenture said. TargetST8 provides customers with digital lending solutions that include deploying artificial intelligence and robotic process automation, according to Accenture. "TargetST8 consultants are known for their deep expertise, innovative digital solutions and outstanding project delivery--particularly in their implementation of Finastra's Loan IQ solution," said Alan McIntyre, who leads Accenture's banking practice globally. "The addition of TargetST8 will enhance our ability to help our commercial and corporate lending clients improve their processes and transform their businesses."
Redtail Technology ("Redtail"), a leading provider of client relationship management (CRM) solutions for financial services firms, today announced the rollout of advanced artificial intelligence capabilities that will enable advisory firms of all sizes to access valuable data and trends about current and prospective clients directly within the CRM. Redtail's machine-learning features will make natural language processing accessible and affordable for the advisory community. Using the concept of "transfer learning," Redtail can utilize smaller amounts of data to begin the learning process. The system then analyzes emails, notes and text messages to predict and estimate client needs, create better outcomes, and discover important connections that enable all parties to make better financial decisions. "Given the volume of data typically required for a machine to start learning, this level of artificial intelligence has only been available at large institutions – until now," said Redtail CEO Brian McLaughlin.
SAN JOSE, Calif. and BARCELONA, Spain, Oct. 16, 2018 (GLOBE NEWSWIRE) -- (ARMTECHCON and IoT World Congress Barcelona) - Mathematical advances that are driving the historic growth of machine learning (ML) in the cloud are now within reach of edge node developers with NXP's eIQ edge intelligence software environment and customizable, system-level solutions for focused applications. The eIQ software environment includes the tools necessary to structure and optimize cloud-trained ML models to efficiently run in resource-constrained edge devices for a broad range of industrial, Internet-of-Things (IoT), and automotive applications. The turnkey, production-ready solutions are specifically targeted for voice, vision, and anomaly detection applications. By removing the heavy investment necessary to become ML experts, NXP enables tens of thousands of customers whose products need machine learning capability. "Having long recognized that processing at the edge node is really the driver for customer adoption of machine learning, we created scalable ML solutions and eIQ tools, to make transferring artificial intelligence capabilities from the cloud-to-the-edge even more accessible and easy to use," said Geoff Lees, senior vice president and general manager of microcontrollers.
ORLANDO, Fla.--(BUSINESS WIRE)--Gartner, Inc. has announced the winners of the 2018 Gartner Eye on Innovation Award for financial services in the Americas. The award recognizes innovative use of digital technology-enabled capabilities, products or services to highlight "best-in-class" financial industry initiatives launched within the past 12 months and to offer insight about developments in digital innovation. The finalists presented their case studies during Gartner Symposium/ITxpo, which is taking place here through Thursday, and BMO Bank of Montreal was selected as the regional 2018 Gartner Eye on Innovation Award Americas winner by the attendees at the event. Allstate and Liberty Mutual Insurance were also named as award recipients. BMO Bank of Montreal -- BMO Bank of Montreal created an entirely new way to pay bills by applying machine learning capabilities to recognize the biller, payee, account number, amount and due date across a range of corporations and statement formats.
The Healthcare Artificial Intelligence Market research report tries to understand the pioneering tactics taken by vendors in the global market to offer product differentiation through Porter's five forces analysis. It also points out the ways in which these companies can reinforce their stand in the market and increase their revenues in the coming years. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Healthcare Artificial Intelligence Market. This Healthcare Artificial Intelligence market intelligent report highlights on the key retailers in this market everywhere throughout the world. This domain of the report contains the business formats, insurance, and product illustrations, volume, generation, contact statistics, price, and revenue.
Sunnyvale, CA and Newbury, UK (October 11, 2018): eGain (NASDAQ: EGAN), the AI-powered customer engagement platform provider, today announced that Altitude Software will embed eGain AI and Knowledge Management into its Xperience Suite. According to a survey conducted by Forrester Consulting on behalf of eGain, poor access to relevant knowledge among contact center agents is the #1 driver of bad customer service. Altitude Software, a pioneering provider of customer interaction solutions, will deliver deep, seamless integration with eGain AI and Knowledge to offer process guidance and personalized answers for agents on their omnichannel platform. "Guiding customer interactions with AI and knowledge transforms agent experience and boosts operational productivity," said Alfredo Redondo, CEO of Altitude Software. "eGain best-in-class capabilities complement our modular platform to deliver easy-to-consume innovation."
AI and related technologies such as robots, drones and autonomous vehicles could provide a net boost to employment in China of around 12% over the next two decades, equating to around 90 million additional jobs. Around 26% of existing jobs in China could be automated over the next 20 years, but this is projected to be more than offset by job creation of 38%, giving an estimated net gain of 12%. Services ( 29%) and construction ( 23%) could see the largest net increases in jobs by 2037 in China, offset by estimated net job losses of around 10% in agriculture. PwC estimates that the boost from AI and related technologies to economic growth in China could create millions of new jobs, more than offsetting displacement of existing jobs. But the report argues there is no room for complacency given the projected scale of disruption to the labor market from these technologies.
The SA Innovation Summit as an annual flagship event on the South African Innovation Calendar, is a platform for nurturing, developing and showcasing African innovation, as well as facilitating innovation thought-leadership. Created to support and promote innovation and facilitate collaboration within its own eco-system, the initiative brings together corporates, thought leaders, inventors, entrepreneurs, academia and policy makers to amplify South Africa's renowned competitive edge and to inspire sustained economic growth across the continent of Africa. The outcomes achieved by the Summit, is a powerful platform to bring together thought leaders and accelerate innovation in South Africa, and into the African continent as whole. MIIA ill also be represented at the South African Innovation Summit and invitethe MIIA community to also join the 48-hour hackathon being held in Cape Town Stadium from 5 - 7 September 2017.