The robots are killing Tesla


The robots are killing Tesla. In a rare win for humans over robots in the battle for labor efficiency, Wall Street analysts have laid down a compelling argument that over-automation is to blame for problems at the billionaire Elon Musk's electric-car company. That is to say, the very innovation and competitive advantage that Musk says he's bringing to the car industry -- his nearly fully automated plant in Fremont, California -- is the reason Tesla is unable to scale quickly. According to the Bernstein analysts Max Warburton and Toni Sacconaghi, it's the robots that can't pump out Tesla's highly anticipated Model 3s fast enough. The whole process is too ambitious, risky, and complicated.

OrboGraph Highlighted as "Top 10 Artificial Intelligence (AI) Solution Providers to Watch in 2018" by The TECHNOLOGY HEADLINESCheck and healthcare payments ripe for adoption of new technologies. Markets Insider


BILLERICA, Mass., Feb. 15, 2018 (GLOBE NEWSWIRE) -- OrboGraph, a premier developer and supplier of intelligent electronic/paper automation leveraging recognition technologies, image validation and check fraud detection for the U.S. check processing and healthcare revenue cycle markets, was recently highlighted in the February edition of The TECHNOLOGY HEADLINES: "Top 10 Artificial Intelligence (AI) Solution Providers to Watch in 2018".

WEF Insights for Insurers from Davos 2018 Day 1 - Accenture Insurance Blog


On Tuesday, January 23rd, the 48th World Economic Forum (WEF) got underway in Davos, Switzerland. This year, the world's top business and political leaders, economists and representatives from academia are gathering under the theme of "Creating a Shared Future in a Fractured World." In this context, the participants will focus on inclusive growth, sustainable development and the impact of the Fourth Industrial Revolution.

Sewing a mechanical future


The Financial Times reported earlier this year that one of the largest clothing manufacturers, Hong Kong-based Crystal Group, proclaimed robotics could not compete with the cost and quality of manual labor. Crystal's Chief Executive, Andrew Lo, emphatically declared, "The handling of soft materials is really hard for robots." Lo did leave the door open for future consideration by acknowledging such budding technologies as "interesting."

Tesla Model S On Autopilot Rams Into Parked Fire Truck On Freeway

International Business Times

A Culver City firefighting truck was hit by a Tesla on Monday morning, reports stated. The crash occurred while the crew was responding to an accident on the 405 freeway in Washington Boulevard, CBS Local reported.

Verint Accelerates Automation Innovation and Expands Cloud Self-Service Solutions - DATAVERSITY


According to a recent press release, "Verint Systems Inc. today announced that it has acquired all of the outstanding equity interests in Next IT Corporation and its affiliate Next IT Innovation Labs, LLC (collectively, "Next IT"), a developer of conversational artificial intelligence-powered intelligent virtual assistants. The purchase price consisted of close to $30 million of cash paid at closing, plus potential additional future cash payments. 'We continue to execute our innovation strategy, including making acquisitions that expand our self-service portfolio, accelerate Verint's cloud and automation capabilities, and are accretive to earnings. We believe that Verint's ongoing innovation in artificial intelligence technologies--such as machine learning, robotics and natural language processing--positions us for accelerated growth by helping organizations modernize their customer engagement operations with greater automation,' says Dan Bodner, CEO, Verint."

The Professional Conversations That Defined 2017


Over the last 12 months, we've seen some incredibly stirring and thoughtful conversations from our members on LinkedIn about hot topics like the opioid crisis, immigration reform, the U.S. tax bill, healthcare coverage and harassment cases. These events sparked hundreds of thousands of insightful comments from professionals on LinkedIn around the world -- and will certainly have lasting consequences for years to come. Amazon has become a kind of corporate obsession in 2017. Companies big and small are watching the retailer: A review of last quarter's earnings calls shows that Amazon's name came up almost four times as often as President Trump's, and six times as often as wages. Amazon's moves this year proved that it's corporate tentacles are expanding, from purchasing Whole Foods to searching for its HQ2, a $5 billion project that promises to bring 50,000 high-paying jobs to the winning locale.

Appvance Launches AI-Driven Test Automation


Appvance has announced a breakthrough using artificial intelligence algorithms to automatically create and maintain scripts for testing software applications. By modeling human testers, including manual and test automation tasks such as scripting, Appvance has developed algorithms and expert systems to take on those tasks, similar to how driverless vehicle software models what a human driver does. AI-driven test automation is available to preview today, commercially in October, and requires no changes or added code in applications under test. Most software testing today is manual (up to 90% based on recent industry surveys). The rest is semi-automated by writing scripts in various languages such as Selenium or Java to repeat actions for future tests.

YayPay's momentum going into hyperdrive thanks to $5.3M in funding - YayPay


We just announced the raising of $5.3 million in funding to further our drive to bring automation to the back-office finance operations of small and mid-sized enterprises. The funding puts YayPay at a major inflection point in which we can accelerate our momentum by recruiting more great talent, roll out a full suite of intelligent order-to-cash automation software, and increase sales activities. You can read the press release here. Eugene Vyborov and I co-founded YayPay with a vision to help finance teams perform their most valuable work, and we're doing exactly that. We released our first software module in January, have collected over $100 million in receivables, and processed more than 150,000 invoices.

Automation Kills Jobs in Retail---and Replaces Them With Better Ones WSJD - Technology

As digital giants swallow a growing share of shoppers' spending, thousands of stores have closed and tens of thousands of workers have lost their jobs. Belinda Duperre, who sold jewelry at Sam's Club in Fall River, Mass., was one. In early 2016, the struggling store closed. But Ms. Duperre, a lifelong resident of the once-thriving factory town an hour south of Boston, went from victim of the digital revolution to beneficiary. Inc. announced plans to hire 500 full-time workers for a new 1.2-million square foot fulfillment center on the outskirts of town.