Goto

Collaborating Authors

Financial News


Ecommerce service FACT-Finder acquires AI personalization shop Loop54

#artificialintelligence

FACT-Finder, a company that offers ecommerce companies tools to personalize their site with things like AI-driven recommendations, said it has acquired Loop54, a company that provides personalized search results. It's the latest in a trend of consolidation in the ecommerce world, where a host of companies arose to offer personalization with new technologies like AI, but now the bigger companies are gobbling up the smaller ones -- and specifically in the ecommerce software-as-a-service (SaaS) search market. On the smaller side, we reported last week on Coveo's acquisition of AI-powered personalization provider Qubit. On the much bigger side, yesterday, reports emerged that PayPal is making a $45 billion bid for e-commerce giant Pinterest. "With the expertise and unique approach that our new colleagues at Loop54 bring to the table, we will significantly expand our market leadership and push the bounds of what is possible in e-commerce," said Emile Bloemen, CEO of FACT-Finder.


Tesla has 150,000 cars using its safety score tool – TechCrunch

#artificialintelligence

Nearly 150,000 Tesla cars are using the company's new "safety score," a tool rolled out last month to determine whether owners can access the beta version of its "Full Self-Driving" software, executives said during its third quarter earnings call. While 150,000 cars are now part of the Full-Self Driving (FSD) beta enrollment program, a fraction of drivers have been given access to the software. Only 2,000 drivers have been able to test the FSD program over the past year. Earlier this month, Tesla rolled out version 10.2 to around 1,000 additional owners with perfect safety scores. Tesla charges $10,000 for the FSD software, which CEO Elon Musk has promised for years will one day deliver full autonomous driving capabilities.


Tesla Profits Surge On Higher Auto Sales Despite Chip Crunch

International Business Times

Tesla's third-quarter profits more than quadrupled on sharply higher sales despite a global semiconductor shortage that has plagued the auto industry, according to results released Wednesday. Elon Musk's electric car company posted a record profit of $1.6 billion for the three-month period, as revenues surged 57 percent to $13.8 billion compared to the year-ago period. Tesla also delivered a record 241,391 vehicles during the period, with sales significantly ramping up in North America and China. The results suggest Tesla's output has been less affected by the global shortage of semiconductors than some rival carmakers that have shuttered factories or cut production. However, the company said chip shortages, as well as congestion at ports and rolling blackouts, "have been impacting our ability to keep factories running at full speed."


Tesla Profits Surge On Higher Auto Sales Despite Chip Crunch

International Business Times

Tesla's third-quarter profits more than quadrupled on sharply higher sales despite a global semiconductor shortage that has plagued the auto industry, according to results released Wednesday. Elon Musk's electric car company posted a record profit of $1.6 billion for the three-month period, as revenues surged 57 percent to $13.8 billion compared to the year-ago period. Tesla also delivered a record 241,391 vehicles during the period, with sales significantly ramping up in North America and China. The results suggest Tesla's output has been less affected by the global shortage of semiconductors than some rival carmakers that have shuttered factories or cut production. However, the company said chip shortages, as well as congestion at ports and rolling blackouts, "have been impacting our ability to keep factories running at full speed." "We believe our supply chain, engineering and production teams have been dealing with these global challenges with ingenuity, agility and flexibility that is unparalleled in the automotive industry," Tesla said in its news release.


Alation Acquires Artificial Intelligence Vendor Lyngo Analytics

#artificialintelligence

WIRE)--Alation Inc., the leader in enterprise data intelligence solutions, today announced the acquisition of Lyngo Analytics, a Los Altos, Calif.-based data insights company. The acquisition will elevate the business user experience within the data catalog, scale data intelligence, and help organizations drive data culture. Lyngo Analytics CEO and co-founder Jennifer Wu and CTO and co-founder Joachim Rahmfeld will join the company. Lyngo Analytics uses a natural language interface to empower users to discover data and insights by asking questions using simple, familiar business terms. Alation offers the most intelligent and user-friendly machine-learning data catalog on the market.


For William Shatner, spaceman, science fiction just merged with reality

Mashable

William Shatner, 90, boarded one of Jeff Bezos' Blue Origin tourist rockets and got to go on a 10-minute trip to space. Renowned for his role as Captain Kirk on'Star Trek', Shatner was able to bring some science fiction to reality, becoming the oldest person to ever reach space.


Replai Raises $4.7 Million in Seed Round

#artificialintelligence

About the Company: Founded in 2019, Replai is the world's first video-based creative insights platform that empowers brands to maximize the performance and engagement of their videos. Blending computer vision and AI technology, Replai has solved a long-standing problem that helps brands recalibrate their videos so they can maximize growth and build communities. Based in San Francisco, Replai is a privately held, venture-backed company with offices in London and Porto.


Genesys announces an agreement to acquire Pointillist and Exceedai

#artificialintelligence

Genesys, a global cloud leader in customer experience orchestration, announced that it has entered into agreements to acquire Pointillist and Exceed.ai to enhance its ability to deliver the power of empathy in every customer experience as it executes on the promise of Experience as a ServiceSM. Both transactions are expected to close before the end of the calendar year 2021. Genesys pioneered Experience as a Service to help companies transform how they connect with customers and employees. Companies need new technologies and artificial intelligence (AI) to orchestrate end-to-end, meaningful experiences with the objective of driving trust and loyalty. This experience orchestration provides superior business outcomes, as companies embrace more contextual, predictive and relevant experiences with every point of customer or employee contact.


Arize AI Raises $19 Million Series A Financing

#artificialintelligence

Arize AI, a machine learning (ML) observability and model monitoring platform, announced it has raised $19 million in Series A financing. The round was led by Battery Ventures with participation from previous investors Foundation Capital, Trinity Ventures, The House Fund, and Swift Ventures. Dharmesh Thakker, general partner at Battery Ventures, will join the Arize AI board. Machine learning is the backbone of modern technology, powering artificial intelligence (AI) systems that touch all aspects of life. But these systems are extremely complicated, and many ML practitioners don't have the right tools or telemetry to understand how or why their creations work.


Kore.ai, which develops workflow automation technologies, raises $70M

#artificialintelligence

Learn more about what comes next. Kore.ai, a no-code automation platform designed for enterprise applications, today announced that it raised $50 million in a series C round led by Vistara Growth and PNC with participation from Next Equity Partners, Nicola Wealth, and Beedie Capital, along with $20 million in debt from Sterling National Bank. The funds, which bring Kore's total raised to over $100 million to date, will be put toward expanding the company's workforce while developing new product features, according to cofounder and CEO Raj Koneru. In 2015, just 10% of organizations reported that they either already used automation technology or would be doing so in the near future. Fast forward to 2019, and that number rose to 37% -- which means that more than one in three organizations are either using AI or have plans to do so.