Nest CEO steps down as the company joins Google's home division


According to CNET, Nest has announced today that Marwan Fawaz will no longer be its CEO. As part of his departure, Nest will now be folded into Google's home and living room products team. In a joint interview with Fawaz, Rishi Chandra, vice president of product management for Google's home and living room products, said that the combination would make it easier for Google to integrate some of its machine learning technology and artificial intelligence into Nest products. This move comes six months after Nest merged with Google's hardware division. Nest co-founder Matt Rogers left soon after as well.

Computer Vision Startup Yitu Nabs $100 Million in Funding


Shanghai-based computer vision company Yitu announced today that it has acquired an additional US$100 million in funding, with China Industrial Asset Management as the sole investor this round. Yitu is one of China's four AI unicorns, along with Face, Cloudwalk and SenseTime. On June 12th, 2018, Yitu completed its C Round with US$200 Million from GC Capital, ICBC International, and SPDB International. This new funding raises Yitu's valuation to over US$2.3 billion. Yitu was found in 2012 and focuses on computer vision, natural language processing, knowledge reasoning, intelligent hardware, and robotics.

An Israeli Startup Raises $12.5 Million To Help Governments Spy On IoT

Forbes Technology

Surveillance companies are showing an increasing interest in hacking into IoT devices like the Amazon Echo. With an impressive seed raise of $12.5 million and ex-Israeli Prime Minister Ehud Barak as co-founder, alongside an "all-star" leadership team, Tel Aviv-based Toka Cyber can certainly claim to have nailed the definition of an auspicious beginning. But, as it comes out of stealth Monday, Toka is revealing itself as an atypical force in the digital security sphere, acting as a one-stop hacking shop for intelligence and law enforcement agencies. Whatever spy tool they need, Toka will try to craft it for them. Privacy activists are hoping the company follows through on its promise to operate ethically.

3 things to look for in the Amazon Prime Day 2018 results


If you haven't heard already, which would mean you don't have Wi-Fi or a mobile device, Amazon Prime Day 2018 (APD 2018) is a week from today. And you will have no shortage of articles covering it from a variety of angles and perspectives leading up to the big day (and a half). So, I might as well add my two cents to the mix as well. Read also: When is Amazon Prime Day 2018? Now I'm not focusing on what the best deals are or all you need to know to make the most of APD 2018.

Artificial Intelligence Adoption Usage Investment Trends in the Telecoms Industry - MarketWatch


Summary GlobalData's "Artificial Intelligence Adoption, Usage & Investment Trends in the Telecoms Industry", report examines the advancement in adoption of AI within the global telecom industry along with the key benefits influencing the deployment and projected investments in AI over the next two years.The report highlights the use cases and applications that have highest growth potential in driving the implementation of AI in the global telecom industry. Additionally, the report covers the information about the market opportunities expected to influence the investment in AI and challenges/ barriers encountered by telecoms businesses. The majority of telecom industry executives consider that their organization is in the development phase of implementing artificial intelligence (AI).Due to significant value and potential that AI has to offer to telecom enterprises companies are moving towards AI solutions and use cases. Improved operational efficiency is expected to be the most beneficial factor of AI for telecom companies over next two years.In total, 40% of surveyed industry executives revealed that their company has plans to invest more than US$1 million in AI during 2018-2020. Moreover, the rising popularity of AI applications within the telecom industry is supported by the increasing complexity in networking caused by growing volume of IoT devices, cloud migrations, the increasing number of OTTs and the arrival of 5G.

Baidu unveils Kunlun AI chip for edge and cloud computing


Baidu today unveiled a new chip for AI, joining the ranks of Google, Nvidia, Intel, and many other tech companies making processors especially for artificial intelligence. Kunlun is made to handle AI models for edge computing on devices and in the cloud via datacenters. The Kunlun 818-300 model will be used for training AI, and the 818-100 for inference. Baidu began working with field-programmable gate array (FPGA) chips especially designed for deep learning in 2011, the company said. Kunlun is about 30 times faster than the first FPGA chip from Baidu and is able to achieve 260 tera-operations per second (TOPS) and 512 GB/second memory bandwidth, a company spokesperson told VentureBeat in an email.

Five Providers of Conversational AI Software Platforms Named IDC Innovators


FRAMINGHAM, Mass., July 2, 2018 – International Data Corporation (IDC) today published an IDC Innovators report profiling five technology providers that are considered key emerging vendors in the conversational AI platforms market. The five companies named as IDC Innovators are Personetics,, Conversational AI platforms are used to build applications that answer questions, provide advice and/or recommendations using natural language processing and other dialog related technologies. The market for intelligent conversational assistance is growing rapidly, fueled by the use and acceptance of consumer tools like Google Assistant, Apple's Siri, and Amazon's Alexa. To date, there are dozens of supplier companies seeking to address these emerging interface opportunities with new companies emerging in the marketplace every day.

Netradyne Named 2018 Artificial Intelligence Breakthrough Award Winner Markets Insider


Netradyne, a leader in Artificial Intelligence (AI) technology focusing on driver and commercial fleet safety, today announced that its Driveri platform has been selected as the winner of the "Best AI-based Solution for Transportation" award from AI Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today. "Netradyne's recognition by the Artificial Intelligence Awards as being the best AI-based solution for transportation reiterates our company's belief that we are driving forward the potential for AI in all aspects of the transportation space including commercial trucking and autonomous vehicles," said Sandeep Pandya, Netradyne President. "This organization recognizes cutting edge AI technology at the highest levels and to have the Driveri platform mentioned alongside so many other impactful companies such as Google, NVIDIA and IBM is a tremendous honor. We are elated by the recognition and will continue to look for innovative ways to showcase AI's unique and impactful capabilities within transportation." The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more.

How Amazon Alexa Wants To Control Your Home

Forbes Technology

Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company's product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Amazon unveiled a smaller, cheaper version of its popular Alexa-powered Echo speaker that the e-commerce giant said has better sound. Lennar, the nation's largest homebuilder, is now building model homes with Alexa-integrated technologies such as smart doorbells, locks, thermostats, lights and integrated Wifi. Amazon and Lennar announced the partnership in May to launch "Amazon Experience Centers" around the country. In these smart homes, customers would be able to ask Alexa to do anything from turning down the lights and starting a party music playlist to turning on the doorbell video feed when someone rings.

Doctrine raises $11.6 million for its legal search engine


French startup Doctrine is raising a $11.6 million funding round (€10 million) from existing investors Otium Venture and Xavier Niel. Doctrine is building a search engine for court decisions and other legal texts. This is a key tool if you're a lawyer or you're working in the legal industry in general. There are now a thousand companies using the service. It currently costs around €129 per user per month.