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AI Career Notes: October 2021 Edition

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Beena Ammanath, executive director of the Deloitte AI Institute, joined the board of trustees at AnitaB.org, the global nonprofit company focused on intersectional gender and pay parity in tech. Ammanath has held leadership positions at HPE, GE, Thomson Reuters, British Telecom and Bank of America and is the founder of the nonprofit organization Humans For AI. "I'm honored to join the distinguished executives and leaders on the AnitaB.org Board of Trustees," said Ammanath. "Throughout my career, I have been passionate about supporting the development of women leaders in the field of technology and I look forward to working with my fellow board members to advance the important work of AnitaB.org." StorMagic, a storage and security products provider, appointed Danial Beer as its chief executive officer. Beer brings more than 25 years of senior management experience in the global software industry. Beer previously held positions as CEO of GFI Software, COO of YOUI Labs Inc., and executive director of both the performance management and M&A divisions of IBM.


Baidu brings in $4.38 billion in Q1, beating Wall Street expectations

ZDNet

Baidu beat Wall Street estimates for the first quarter of 2021, reporting a 25% bump in revenue of about $4.38 billion during an earnings call on Tuesday. IBES data from Refinitiv predicted a revenue of about $4.2 billion for Q1, according to Reuters, but the company has invested heavily in artificial intelligence and its cloud business, leading to a 70% year-on-year growth of its non-advertising revenue. Herman Yu, CFO of Baidu, said during an earnings call that Baidu Core saw revenue growth of 34% year over year and that the company continues to "invest heavily in sales, R&D and operations to support the rapid growth of our AI-powered business." The company has faced pressure in recent years from major rivals like Alibaba and ByteDance, forcing them to expand beyond advertising revenue and diversify with more projects in cloud services, smart transport technology, and artificial intelligence. Despite the increasing competition, Baidu still brought in $2.48 billion in online marketing revenue, a 27% jump year-over-year.


Global Machine Learning Infrastructure as a Service Market Top Manufacturers Analysis by 2026: Amazon Web Services (AWS), Google, Valohai, Microsoft, VMware etc. – The Market Eagle

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Predicting Growth Scope: Global Machine Learning Infrastructure as a Service Market The Global Machine Learning Infrastructure as a Service Market research report is comprised of the thorough study of all the market associated dynamics. The research report is a complete guide to study all the dynamics related to global Machine Learning Infrastructure as a Service market. The comprehensive analysis of potential customer base, market values and future scope is included in the global Machine Learning Infrastructure as a Service market report. Along with that the research report on the global market holds all the vital information regarding the latest technologies and trends being adopted or followed by the vendors across the globe.The research report provides an in-depth examination of all the market risks and opportunities. The analysis covered in the report helps manufacturers in the industry in eliminating the risks offered by the global market.


Automating boring tasks made these Japan startup founders rich

The Japan Times

Japan's hot startup stocks have two things in common: They do business in areas that could be described as mundane, and they've pushed their founders into the league of the ultrawealthy. Take AI Inside Inc., which helps turn handwritten documents into electronic files. Or Rakus Co., whose goal is to help small and midsize enterprises with their bookkeeping and emailing services. Their shares have all more than doubled in the past year, enriching their founders and leading to talk of a burgeoning tech scene that's very different from Silicon Valley. While the companies are using technologies like artificial intelligence and cloud computing, they're applying them in less sexy ways.


A time of resiliency, change and innovation: How cloud-focused business strategies are driving transformation across industries - The Official Microsoft Blog

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To help its service technicians more efficiently repair and maintain its models, Mercedes-Benz USA is outfitting all of its authorized American dealerships with HoloLens 2 headsets. The devices are equipped with Microsoft Dynamics 365 Remote Assist, a mixed reality app that that lets users collaborate during hands-free video calls from their own computers. Organizations have long known the importance of business resiliency, but becoming resilient requires time and preparation, and the pandemic has forced many organizations to evolve at a pace few could have imagined. To recover and thrive within this new context presents new challenges. That is why we are partnering with customers to support faster adoption of digital capabilities.


CIOs Reprioritize Tech Spending in Era of Lockdowns and Reopenings

WSJ.com: WSJD - Technology

The move allows personal and commercial borrowers to complete the entire loan-application process without entering a bank, something they could not do before the pandemic, he said. Last year, the bank launched an ambitious project to install an SAP-developed banking platform as the core of its expanding digital services, including the use of advanced artificial-intelligence tools. "We were in the middle of that when the pandemic struck," Mr. Taylor said, "and we had to reprioritize." New coronavirus cases in Oklahoma have risen 26% over the past week. The state has so far recorded 4,675 cases, including its governor, and 428 deaths.


ASIC Clouds

Communications of the ACM

Specialized replicated compute accelerators (RCA) are multiplied up by having multiple copies per ASICs, multiple ASICs per server, multiple servers per rack, and multiple racks per datacenter. Server controller can be an FPGA, microcontroller, or a Xeon processor. Power delivery and cooling system are customized based on ASIC needs. If required, there would be DRAMs on the PCB as well. Each ASIC interconnects its RCAs using a customized on-chip network.


UPDATE 1-German data mining software provider Celonis valued at $2.5 bln after funding round

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BERLIN, Nov 21 (Reuters) - German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP . The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. Celonis, based in Munich and New York, runs a cloud-based service that uses artificial intelligence to mine data and optimise business processes, serving customers including Siemens, 3M, Airbus and Vodafone. "We are in a market that shows enormous momentum," co-CEO and co-founder Bastian Nominacher told Reuters, adding that Celonis would invest the funds raised in its global sales and customer service and in enhancing its cloud platform. The funding round brings total investments into Celonis to $370 million.


OpsRamp raises $37.5 million to apply AI to DevOps processes

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Ever heard of AI for IT management (AIOps)? It's a burgeoning ecosystem of platforms and products that enhance IT operations by leveraging AI to analyze data collected from various tools and devices. OpsRamp is one of the startups leading the charge in what Research and Markets anticipates will be a $14.3 billion segment by 2025. Raju Chekuri and Varma Kunaparaju cofounded the San Jose, California-based company in 2014 with the goal of developing "service-centric" offerings for enterprises, and their investors evidently believe they've achieved that. Today OpsRamp announced the closing of a $37.5 million investment led by Morgan Stanley Expansion Capital, with new investor Hewlett Packard Enterprise.


IT Industry Outlook 2020

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A t the beginning of a new decade, these lines from the play Inherit the Wind seem as appropriate for the technology industry as they did for the debate over evolution taking place in the drama. The tech industry is faced with a tricky balancing act: continuing to drive innovative solutions while grappling with the side effects of those solutions in the global economy. The challenge itself is not unique--every industry deals with this tension as it becomes more mature--but the new variables here are the scale that tech is able to achieve and the evolutionary aspect of mixing digital and physical worlds. It's time for the industry to take the next step. There are tremendous benefits available through technology for both business and society, but there are major questions around safety, privacy, sustainability, and trust. The answers to these questions come from combining technical expertise with social awareness. By embracing responsibility for all the changes innovation can bring, the tech industry can be responsible for driving future progress. Learn how people are re-envisioning the functions, processes, and best practices for infrastructure, development, security, and data in their organizations. The IT channel is in flux. This report highlights where today's providers see opportunities and challenges, embrace new technologies, and react to new rivals. This research explores the relevance of technology to SMBs and the factors affecting perceptions, decisions, and investments in established and emerging technologies. Thanks to the vast influx of user-friendly technologies, it has become popular to say that every company is a tech company. But the ubiquity of technology does not necessarily change the underlying business model. While digital transformation is creating new avenues for growth, companies are finding that they cannot simply slap tech labels on their products and practices and automatically reap benefits. On one end of the spectrum, this takes the shape of larger companies going public and struggling with the realities of their industry.