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Blockchain VC 'The Bitcoin Man' Goes Big Into Artificial Intelligence with Solidus AI Tech

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Has artificial intelligence (AI) really gone sentient? This has been the buzzing trend of the technology industry, ever since Google engineer claimed an unreleased AI system had become sentient. Blake Lemoine, a software engineer for Google, claimed that a conversation technology – Language Model for Dialogue Applications (LaMDA), a family of conversational neural language models developed by Google, had reached a level of consciousness after exchanging thousands of messages with it. Since then, The Week's research team has noticed that venture capital (VC) funds from across the world are taking special interest with strategic investments into the AI industry. Today, here at The Week, we caught wind of a substantial undisclosed amount by notable blockchain industry venture capital fund ' The Bitcoin Man ', into Solidus AI Tech (AI-Tech.io),


Cerebra, which provides analytics to marketers and merchandisers, nabs $15M

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Early in the pandemic, as many enterprises looked to digitally transform their operations, marketing and merchandising departments turned to AI to automate the increasing workloads. According to Salesforce, marketers' use of AI soared between 2018 and 2020, jumping from 29% in 2018 to 84% in 2020. A separate survey from ManageEngine -- the IT division of Zoho -- found that analytics for marketing, driven by automation and AI, experienced a 44% adoption surge in over the past two years. Retail and consumer products executives, responding to a recent IBM survey, said that they believe that intelligent automation capabilities could help increase annual revenue growth by up to 10%. Adopters in marketing cite benefits like accelerating revenue as well as getting actionable insights from marketing data.


Weekly Top 10 Automation Articles

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This Week Top Automation Articles highlights the potential of a low-code/no-code platform in Business and why Kate Crawford, writing in his book that technology experts are misunderstanding the concept of Artificial Intelligence. The introduction of the new Apple card family is really an exciting thing and why big brands like Gucci are not realizing the worth of Cryptocurrency. There is much more to explore. Let's dive into the Automation World! The potential for low-code/no-code platforms is enormous.


EU launches €2bn AI and blockchain fund Sifted

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The European Commission and European Investment Fund (EIF) are launching a €2bn fund to invest in fundamental technologies amid fears that the US and China are pulling ahead in areas such as artificial intelligence (AI) and blockchain. The fund is expected to invest around €300-€400m in these areas in 2020, with €100m of that money coming from the EU and EIF and the rest from independent venture capital funds. From 2021 the plan is to scale up the fund to €1bn to €2bn under the InvestEU Programme. This is an attempt to help Europe catch up with investment in the US and China. The EU pulled in a record $34bn in venture capital funding this year, but this is still only half the amount invested in Asian companies and a third of US investment.


EU launches €2bn AI and blockchain fund Sifted

#artificialintelligence

The European Commission and European Investment Fund (EIF) are launching a €2bn fund to invest in fundamental technologies amid fears that the US and China are pulling ahead in areas such as artificial intelligence (AI) and blockchain. The fund is expected to invest around €300-€400m in these areas in 2020, with €100m of that money coming from the EU and EIF and the rest from independent venture capital funds. From 2021 the plan is to scale up the fund to €1bn to €2bn under the InvestEU Programme. This is an attempt to help Europe catch up with investment in the US and China. The EU pulled in a record $34bn in venture capital funding this year, but this is still only half the amount invested in Asian companies and a third of US investment.


VC Says Crazy Thoughts are a Start to AI Dream

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We sat down with Spiros Margaris, Venture Capitalist at Margaris Ventures and AI Influencer to discuss the state of VC funding of AI and Fintech startups and how crazy thoughts could be the start of an AI business. I have spent most of my professional career in the hedge fund and startup world. I also founded my own startups in New York during the dotcom era, so I know what it means when things don't go as planned, and what it can mean personally, with all the bitter consequences. I have been primarily involved in the fintech, insurtech and AI space as an investor and advisor through my firm Margaris Ventures. I have been a keynote speaker at major technology and banking events, where I have been fortunate to meet very interesting people and exchange thoughts and ideas.


18 Enlightening Fintech Demos from In Vest 2019 - Wealth Management Today

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"A picture is worth a thousand words. An interface is worth a thousand pictures." If an interface is worth 1,000 pictures, then the eighteen product demos we were treated to at the InVest 2019 Conference, which was held at the New York Marriot Marquis, were worth 18,000 pictures, which would be worth a total of 18,000,000 words! But you don't have to read 18,000,000 words to catch up on all of the demos. We got a quick review right here! I really like the demo format that Invest uses with their illustrious panel of industry veterans acting as judges. After each demo, the judges provide feedback on what they saw, what they liked and even what they didn't like. This information is valuable to the audience since it gives them an instant analysis of what was just presented.


San Diego funding news: Apps and artificial intelligence top recent local investments

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San Diego-based apps and security company Edge has secured $400,055 in seed funding, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion was announced on August 19. According to its Crunchbase profile, "Edge is an SDK platform that enables its users to develop security applications for its clients. Its product range includes client-side encryption, data backup, password recovery, blockchain technology, private key authentication, IoT, financial applications, bitcoin and private messaging. Edge (formerly Airbitz) was founded in 2014 and is based in California."


WSJ Top 25 Tech Companies to Watch 2018

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"Those three make a lot of sense," says Charles Moldow, a general partner at Foundation Capital, a venture-capital firm in Palo Alto, Calif. "These are the areas we are most focused on," he says. Artificial intelligence has benefited from advances in processing power and analysis that are opening myriad new ways to create products. Meanwhile, growing attention to cryptocurrencies has helped persuade a crop of highly skilled entrepreneurs to work on putting the underlying blockchain technology to various uses. As for the third: "Cybersecurity should be a perennial anchor on the list," Mr. Moldow says.


Bias in artificial intelligence and the importance of independent data » Brave New Coin

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The inherent human "negative bias" is a byproduct of our evolution. For our survival it was of primal importance to be able to quickly assess the danger posed by a situation, an animal or another human. However our discerning inclinations have evolved into more pernicious biases over the years as cultures become enmeshed and our discrimination is exacerbated by religion, caste, social status and skin color. With machine learning (a subset of AI) computers learn to find the solution by finding patterns in the data they are fed, ultimately, by humans. As it is impossible to separate ourselves from our own human biases and that naturally feeds into the technology we create.