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Global Big Data Conference

#artificialintelligence

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),


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

#artificialintelligence

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),


In a world of deepfakes, this billion-dollar startup wants you to trust AI-powered ID checks

ZDNet

Digital identity is a crowded marketplace, but Veriff believes its AI tech sets it apart. Veriff is an AI-assisted identity verification and know your customer (KYC) platform used by companies around the world to ensure their customers are who they claim to be. Most of the company's biggest customers are in global fintech, where it faces competition from the likes of authentication and verification services Jumio and Fido. SEE: What is digital transformation? Today, Veriff is valued at $1.5 billion, joining the ranks of Skype, Playtech, Wise, Pipedrive and Bolt in Estonia's ever-growing lineup of tech startup darlings.


19-year old's startup has raised $17M Series A - ArcticStartup

#artificialintelligence

Founded in 2019, by then 17-year-old Oliver Edholm (CEO) and Anton Osika (CTO), Depict.ai is the leading solution in Scandinavia, and increases sales by 4-6%. The giants within e-commerce have been able to build huge in-house teams that leverage AI to deliver clear bottom-line impact. For instance, Amazon is reported to earn 35% of its revenue from their recommendation engine (McKinsey report). However, most e-commerce stores don't have the technical capabilities, nor the large amount of sales data to make existing recommendation systems work. To counteract this imbalance, Depict.ai


Voila raises $6M for its A.I.-powered storefronts for online creators – TechCrunch

#artificialintelligence

Voila, a startup building infrastructure for social commerce, is bringing concepts from China's e-commerce market to the U.S. The company offers an alternative to the "link in bio" solutions used today by creators, like Linktree and Beacons, which direct followers to creators' social profiles, personal websites, and other recommendations. Instead of a link list or landing page, Voila creates A.I.-powered customizable, shoppable storefronts by automatically detecting items in the creators' online content then generating shoppable links. With now over 10,000 creators signed up for the service, Voila is today announcing the close of its $6 million Series A led by Sinnovation Ventures and joined by Fosun Rz Capital. To date, Voila has raised $7.5 million, including from investors SOSV and Artesian. Voila founder Ke Shang first moved from China to the U.S. to attend college.


Massive "coffeetech" investments are giving startups a jolt

#artificialintelligence

On the side of a dusty Jakarta road, nestled in the corner of a gas station, might be the future of coffee. Driving home, you might preorder a cup as you plan to refill the car, even before pulling up to the gas station. Open the Kopi Kenangan app, click on "preorder," and choose one -- perhaps a mellow coffee with just a hint of acidity, creamy with milk. By the time you arrive at the station, the iced coffee, made by a human, will be sitting on the countertop, sweating in a plastic cup in the Jakarta humidity. Indonesian coffee chain Kopi Kenangan -- "coffee memories" in Bahasa Indonesia -- did not set out to be a tech-powered coffee chain.


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

#artificialintelligence

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.


2022 technology trend review, part one: Open source, cloud, blockchain

ZDNet

In the spirit of the last couple of years, we review developments in what we have identified as the key technology drivers for the 2020s in the world of databases, data management, and AI. We are looking back at 2021, trying to identify patterns that will shape 2022. We start today with a review of open source software, the cloud, and blockchain. We will continue in the coming days with a review of AI and knowledge graphs. Open source software has been on the rise for a while, and we don't see any signs of this growth slowing down.


Global Big Data Conference

#artificialintelligence

Even as economies struggle with the chaos of the pandemic, the AI startup space continues to grow stronger with increased investments and M&A deals. According to the latest State of AI report from CB Insights, the global funding in the segment has seen a significant surge, growing from $16.6 billion across 588 deals in Q2 2021 (figures show $20B due to the inclusion of two public subsidiary fundings) to $17.9 billion across 841 deals in the third quarter. Throughout the year (which is yet to end), AI startups around the world raised $50 billion across 2000 deals with 138 mega-rounds of 100 million. As much as $8.5 billion of the total investment went into healthcare AI, $3.1 billion went into fintech AI, while $2.6 billion went into retail AI. The findings show how AI has become a driving force across nearly every industry and is drawing significant attention from VCs, CVCs, and other investors.


Report: AI startup funding hits record high of $17.9B in Q3

#artificialintelligence

Even as economies struggle with the chaos of the pandemic, the AI startup space continues to grow stronger with increased investments and M&A deals. According to the latest State of AI report from CB Insights, the global funding in the segment has seen a significant surge, growing from $16.6 billion across 588 deals in Q2 2021 (figures show $20B due to the inclusion of two public subsidiary fundings) to $17.9 billion across 841 deals in the third quarter. Throughout the year (which is yet to end), AI startups around the world raised $50 billion across 2000 deals with 138 mega-rounds of 100 million. As much as $8.5 billion of the total investment went into healthcare AI, $3.1 billion went into fintech AI, while $2.6 billion went into retail AI. The findings show how AI has become a driving force across nearly every industry and is drawing significant attention from VCs, CVCs, and other investors.