Uber rival Lyft is raising an additional $500 million in funding ion its ongoinjg battle with Uber, according to a U.S. share authorization document filed in Delaware. The additional funding round, led by Alphabet's CapitalG, is an extension of the $1 billion round announced in October. The additional funding round, led by Alphabet's CapitalG, is an extension of a $1 billion round announced in October, and raises the firm's valuation to $11.5 billion Axios was first to report the news. In October Lyft had said that the previous round of funding boosted its valuation to $11 billion from $7.5 billion. The fresh funding would raise its valuation to $11.5 billion.
U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses. Lyft's permit, reflected on the California Department of Motor Vehicles (DMV) website, comes two months after it announced plans to offer a self-driving car as a ride option in the San Francisco Bay Area. Lyft already has partnerships in place with autonomous car companies to advance its self-driving strategy. Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first international expansion for the U.S.-based rival of Uber Technologies Inc. Ford self-driving test vehicles will be connected to Lyft's network, but at first, customers will not be able to use them, according to Sherif Marakby, Ford's vice president for autonomous vehicles and electrification.
Australian enterprise software firm TechnologyOne has released its financial results for the 2017 financial year, reporting AU$44.5 million in after-tax profit, on revenue of AU$273.2 million. Speaking with ZDNet about the results, founder, former CEO, and now chairman of TechnologyOne Adrian Di Marco said the massive market that is enterprise cloud in Australia is continuing to pick up pace. "The cloud is a new paradigm for customers. The market is actually massive in Australia, there are government departments, which we've seen huge demand from federal government, state departments, local governments, universities -- they all want to go into the cloud and they really all want it delivered how we're offering, software-as-a-service, not as a hosted thing," he said. "The cloud is growing exceptionally fast.
Graphcore has today announced a $50 million Series C funding round by Sequoia Capital as the machine intelligence company prepares to ship its first Intelligence Processing Unit (IPU) products to early access customers at the start of 2018. The Series C round enables Graphcore to significantly accelerate growth to meet the expected global demand for its machine intelligence processor. The funding will be dedicated to scaling up production, building a community of developers around the Poplar software platform, driving Graphcore's extended product roadmap, and investing in its Palo Alto-based US team to help support customers. Nigel Toon, CEO at Graphcore said: "Efficient AI processing power is rapidly becoming the most sought-after resource in the technological world. We believe our IPU technology will become the worldwide standard for machine intelligence compute.
Learn how to use Apache Hive to process Twitter data. The result is a list of Twitter users who sent the most tweets that contain a certain word. The steps in this document were tested on HDInsight 3.6. Linux is the only operating system used on HDInsight version 3.4 or greater. For more information, see HDInsight retirement on Windows.
Mindfire, a new foundation with the goal of "decoding the mind" to help develop true artificial intelligence (AI) is launching November 17th in Zurich, Switzerland. Futurism spoke with the founder of Starmind and president of the foundation, Pascal Kaufmann to learn more about its goals and the path to reach them. "We cannot achieve True AI until we understand actual intelligence. Intelligence has evolved as a means of nature to successfully guide us through an ever-changing environment. This gave rise to behavior, emotions, and consciousness.
Microsoft announced today that its Visual Studio integrated development environment is getting a new set of tools aimed at easing the process of building AI systems. Visual Studio Tools for AI is a package that's designed to provide developers with built-in support for creating applications with a wide variety of machine learning frameworks, like Caffe2, TensorFlow, CNTK, and MXNet. Once users have coded up models inside Visual Studio, the AI tools make it easier for them to send that code off to Microsoft's Azure cloud platform for training and deployment. Launching these tools brings a host of advanced capabilities to developers in a point-and-click format that would have previously required the use of a command line interface. It should make building AI systems more accessible for a class of developers that haven't been able to use Visual Studio's rich development environment to its full potential for that purpose.
Cloudera, Inc. (NYSE: CLDR), the modern platform for machine learning and analytics, optimized for the cloud, announced that Komatsu, a leading global heavy equipment manufacturer, has implemented a cloud-based Industrial Internet of Things (IIoT) analytics platform powered by Cloudera Enterprise and Microsoft Azure. The platform enables Komatsu teams to help mining customers around the world continuously monitor the performance of some of the largest equipment used in surface and underground mining, increase asset utilization and productivity, and deliver essential resources including energy and industrial minerals for the global economy. Komatsu's JoySmart Solutions is an IIoT-based service that helps customers optimize machine performance using machine data and analytics. The JoySmart platform ingests, stores and processes a wide variety of data collected from mining equipment operating around the globe, often at very remote locations in harsh conditions. Types of equipment monitored includes longwall mining systems, electric rope shovels, continuous miners and wheel loaders.
The 22nd International Cloud Expo 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. CloudExpo DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO. DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program.