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.
On the one-year anniversary of the launch of Smith & Williamson's £100m Artificial Intelligence fund, Chris Ford, the strategy's lead manager, explains how AI is making its way into every part of our lives. The backdrop is that AI is transforming the way we drive, the way we communicate with each other and the way we learn, creating a host of opportunities for investors. But, said Ford, while the likes of Tesla and Google are obvious targets for investors seeking exposure to this rapidly growing field, many exciting AI opportunities also exist in finance, healthcare, media and many other sectors. Ford said: "When most of us think of artificial intelligence, we might think of self-driving cars made by Tesla, or Siri, Apple's virtual assistant. "But artificial intelligence is now being used by a whole host of companies and industries, many of which may surprise investors."
Earlier this month, Aaron Levie, CEO of Box teased of new growth at the end of 2018 and some small acquisitions in the future. He mentioned that the company had plans to invest more into core technologies, like artificial intelligence, security and workflow. "We might make small acquisitions ourselves in terms of growing that technology. We are very confident in the position we occupy and just want to expand that from there," and so they did! With the recent acquisition of Butter.ai, a startup that helps customers search for content across all business applications powered by machine learning.
This is the tech news you need to know this Thursday. News of this deal comes just four months after President Trump blocked Broadcom from acquiring chipmaker Qualcomm in a $103 billion hostile takeover on national security grounds. The new terms give Facebook explicit permission to audit developers' use of data, in what looks an effort to prevent a second Cambridge Analytica-style scandal. Musk was responding to a Twitter user who said he had been told Musk wouldn't be able to help bring clean water to Flint. According to an excerpt of the account in Vanity Fair, employees feared Brin's behaviour would lead to a sexual harassment lawsuit.
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, Kore.ai, 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.
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.
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.
Global and United States Artificial Intelligence Software Market Size (Sales) Market Share by Type (Product Category) in 2017 Artificial Intelligence Software Market by Application/End Users Global and United States Artificial Intelligence Software Sales (Volume) and Market Share Comparison by Applications (2013-2023) table defined for each application/end-users like [Executives, Banking, Insurance, Marketing, Telecom, Action & Art] Global and United States Artificial Intelligence Software Sales and Growth Rate (2013-2023) Artificial Intelligence Software Competition by Players/Suppliers, Region, Type and Application Artificial Intelligence Software (Volume, Value and Sales Price) table defined for each geographic region defined.
SAN FRANCISCO, June 21, 2018 /PRNewswire-PRWeb/ -- Cerego, an AI-driven platform that optimizes how people learn, today announced the launch of Cerego Insights, as well as a Cerego skill for Amazon Alexa, onstage at the Amazon Web Services (AWS) Public Sector Summit 2018. Cerego Insights uses machine learning models to objectively understand learners' cognitive and behavioral strengths, and predict future performance. The new Cerego Insights offering goes beyond the company's core competency of knowledge acquisition and memory management. Instructors and managers can now instantly access each individual and group's cognitive and behavioral profile. These attributes include specific, validated scores for Agility, Diligence, and Knowledge.
PayPal has acquired its second startup in as many days, as the payments giant announced today that it was snapping up machine learning-powered fraud detection startup Simility. The transaction is valued at $120 million, in what will be an all-cash deal. The news comes two days after PayPal bought out payments startup Hyperwallet in a $400 million deal. Founded in 2014, Palo Alto-based Simility leverages machine learning to help those working in the fraud detection sphere collect and analyze data. The platform is designed to prevent myriad kinds of fraud, such as account takeover (ATO), where a bad actor tries to gain access to another person's online account.