If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
Robots in factories have historically been unwieldy, dangerous, and confined to large industrial settings. But now, smaller collaborative robots are overcoming traditional challenges in the robotics industry. They're paving the way for robot technology that gets us much closer to our Jetsons-like future. When George C. Devol, inventor of the automatic garage door opener, pitched his programmable Unimate arm, he was initially met with skepticism. However, "the robot had one advantage immediately," said Devol. "And that is that a robot can work three shifts, or 24 hours a day." Get the free data-driven report to see how robots are revolutionizing factories and manufacturing.
As image recognition advances continue to accelerate, startups with a mind towards security applications are seeing some major interest to turn surveillance systems more intelligent. AnyVision is working on face, body and object recognition tech and the underlying system infrastructure to help companies deploy smart cameras for various purposes. "It's not just how accurate the system is, it's also how much it scales," Etshtein tells TechCrunch. "You can put more than 20 concurrent full HD camera streams on a single GPU." The Tel Aviv-based AI startup announced today that it has closed a $28 million Series A funding round led by Bosch.
Customer and partner expansion and industry recognition signal rapid adoption of company's sales and learning platform together with funding led by General Catalyst Allego, the sales learning and coaching platform, today announced the close of a strong quarter, in which the company added key new customers, renewed 100 percent of its existing customer base and garnered solid industry recognition for its mobile-friendly sales learning platform. Allego also announced it has closed a $7.5M investment led by General Catalyst. "Partnering with visionary sales and training leaders and our team's focus on ensuring their success continued to drive great results for both Allego and our customers in the first half of 2018" "Partnering with visionary sales and training leaders and our team's focus on ensuring their success continued to drive great results for both Allego and our customers in the first half of 2018," said Yuchun Lee, CEO and co-founder of Allego. "We're excited to see the modern learning paradigm -- characterized by easily created and absorbed content, provided continuously and in bite-sized pieces, with reinforcement and support for informal learning -- rapidly gaining traction across sales training and corporate L&D." As it has since inception, Allego continues to fund its growth through positive operating cash flow.
Huawei Consumer Business Group (CBG), the global smartphone giant, has announced the launch of its new HUAWEI nova 3 and HUAWEI nova 3i in the UAE. Both smartphones are powered by Artificial Intelligence (AI) in its overall functioning and camera features. With dual front camera (24MP 2MP), users can expect the best-in-technology'selfie' that a smartphone can offer. HUAWEI nova 3 series was initially designed with the younger and trendier consumers in mind, for whom a smartphone is not just part of their lifestyle but also represents their personal style. The series is designed to offer an AI-enhanced lifestyle, which includes a huge focus on an outstanding selfie experience with its AI beautification features and front camera that allows one to capture AI selfies.
Digital Surgery, a health tech startup based in London, today launched what it's calling the world's first dynamic artificial intelligence (AI) system designed for the operating room. The reference tool helps support surgical teams through complex medical procedures -- cofounder and former plastic surgeon Jean Nehme described it as a "Google Maps" for surgery. "What we've done is applied artificial intelligence … to procedures … created with surgeons globally," he told VentureBeat in a phone interview. "We're leveraging data with machine learning to build a [predictive] system." Well-funded hospital systems have shown an interest in automation.
In an exclusive arrangement with Slice ICS, The Co-operators will create new insurance products to meet growing customer needs for easy, on-demand insurance solutions that satisfy emerging digital economies. Launching later this summer under the brand name duuo by Co-operatorsTM the first product will provide pay-per-use homeshare insurance underwritten by Co-operators General Insurance Company, for hosts using home sharing platforms like Airbnb, HomeAway and VRBO . The duuo by Co-operatorsTM brand reflects The Co-operators commitment to working together with clients to provide peace of mind in a way that is easy, fast, fair and affordable – a commitment made possible through the Slice platform. "We were founded in 1945 by a small group of farmers and social pioneers who found that their needs were not met by traditional insurance offerings, so they found a new way of protecting their financial security in a time of need," said Rob Wesseling, President and CEO of The Co-operators Group Limited. "Our new business partnership with Slice is the 21st century version of this mindset, it will allow us to meet the underserved insurance needs of Canadians participating in a highly innovative digital economy.
Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox's plan, according to Bloomberg, is to publicly deploy autonomous vehicles by 2020 in the form of its own ride-hailing service. The cars themselves will be all-electric and fully autonomous.
Intuit said it has sold its largest data center to H5 Data Centers as it aims to speed up its move to the cloud. The company said that it is selling its data center in Quincy, Washington to H5, which operates data centers. Intuit is among the higher profile software vendors moving to Amazon Web Services. Intuit noted that AWS was able to handle peak tax season traffic and that gave it confidence to get out of the data center business. Related: The data science life: Intuit's Ashok Srivastava on AI, machine learning, and diversity of thought Intuit to use AWS as its standard artificial intelligence platform The hit to earnings will be offset by tax benefits from the sale.
Light cofounder and CEO Dave Grannan raised $121 million for his imaging platform on the promise of its value to robotics, drones, and, especially, self-driving vehicles.Courtesy of Light In February, Dave Grannan, cofounder and CEO of imaging startup Light, flew to Tokyo to meet SoftBank's Masayoshi Son for the first time since beginning conversations with the Japanese billionaire's venture-capital arm. After two more meetings, in Tokyo and Silicon Valley, Son agreed to lead a massive $121 million investment in Light, through his SoftBank Vision Fund. Leica Camera also joined the deal. A big reason that Light was able to attract so much funding is the promise of robots, drones and, especially, self-driving cars. Light uses complex algorithms to combine images from multiple camera modules into a single, high-quality image with depth.