On Friday, IBM launched a new cloud platform effort that will help customers better understand their data and use it to power their work in artificial intelligence (AI). Announced in a press release, IBM said the platform is "designed to provide a data infrastructure layer for AI behind the firewall." The Cloud Private for Data combines data science and machine learning to better grok the data that powers a firm's business. And, it can do all this for a company, even if they don't have a data science expert on their payroll, according to an IBM blog post. In the press release, IBM bills the service as "an integrated data science, data engineering and app building platform."
TEL AVIV, Israel--(BUSINESS WIRE)--Earnix Ltd, a leading provider of predictive analytics solutions for the financial services industry, today announced the introduction of its Integrated Machine Learning technology, as an enhancement to the existing insurance software suite. This new capability is designed for demanding, high-performance real-time enterprise production systems, and will deliver a new level of market responsiveness and analytical sophistication to insurers. Several Earnix insurance clients have been using an early version of the technology and have seen significant improvements in their results. Analytics has become an arms race, as insurers around the globe seek to become more data-driven by operationalising real-time analytics and monetising new forms of data such as telematics and the Internet of Things (IoT). The addition of Integrated Machine Learning to the Earnix software suite enables users to excel in this environment, producing better and more accurate insights at speeds that only machine learning algorithms can produce.
Artificial intelligence startup Peritus.ai has raised $2 million (Rs 12 crore) in funding from early-stage venture capital firm Ideaspring Capital and early-stage fund The Hive, a company statement said. The firm will use the money to strengthen its development team in India, it said in the statement. Based in California, US, Peritus.ai Inc. was founded by Santhosh Srinivasan and Kamesh Raghavendra in 2017 with support from The Hive, which incubates startups and focuses on applications of AI in the enterprise segment. "We are looking forward to help from Ideaspring for support in building and guiding our development team in India," said Srinivasan, co-founder and vice president for engineering at Peritus.ai. The company automates professional services, support delivery and incident resolution for data centres.
Almost a third (32%) of consumers surveyed globally by PwC plan to buy an AI device including robots or automated assistants, with retailers watching closely as'voice commerce' develops in the home. The findings are published today in PwC's Global Consumer Insights survey, which assesses the shopping behaviour, habits and expectations of over 22,000 consumers in 27 countries. The study reports that 10% of respondents already own artificial intelligence (AI) devices, such as robots and automated personal assistants like Amazon Echo or Google Home, and 32% said they plan to buy one. Both consumer and retailer habits and offerings still need time to adapt however, to make the most of the new voice commerce channel. Interest in the devices is strongest amongst consumers in emerging economies including China, Vietnam, Indonesia and Thailand.
LAS VEGAS, NV – MARCH 8, 2018 – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Samsung Electronics Co. Ltd. today announced plans for a strategic partnership to connect Samsung's ARTIK Smart IoT Platform to the Philips HealthSuite Digital Platform. This collaboration will ultimately allow the Samsung ARTIK ecosystem of connected devices to safely access and share information with Philips' cloud platform. Healthcare application developers will be able to realize interoperable connected health solutions using integrated data sets and innovative HealthSuite services such as advanced health analytics. "This collaboration will enable healthcare application developers to focus on the development of innovative applications rather than on the technical integration of devices," said Dale Wiggins, General Manager Philips HealthSuite Digital Platform at Philips. "By strengthening our HealthSuite ecosystem with Samsung ARTIK, we will be taking another important step in breaking down the silos in today's healthcare domain to create a trusted and seamless care experience for both consumers and care professionals."
A report by IDC, which follows the tech industry, estimates that worldwide spending on artificial intelligence (AI) could increase at an annual pace of 50% through 2021, hitting $57.6 billion in revenue at the end of the forecast period. Several companies are scrambling to integrate AI into their products and services to make sure they don't miss out on this opportunity. For investors in the AI boom, Microsoft (NASDAQ:MSFT) is one such company to consider, thanks to its tangible progress in this space. Here's how AI is impacting Microsoft now, and what it means for the company's future. Microsoft has already started reaping the benefits of AI in areas such as cloud computing and productivity software and services.
Samsung Electronics is now believed to be upgrading its Bixby artificial intelligence platform following its latest acquisition. The South Korean giant's affiliate has apparently acquired AI search engine startup Kngine. The Investor learned Wednesday that Samsung Research America has acquired a 100-percent stake in Kngine, a startup that develops mobile solutions that understand and answer inquiries with the use of AI including deep learning. The functionality is something that could strengthen Bixby as a whole and set it apart from its rivals, like Siri, Alexa and Google Assistant. Kngine started its operations in 2013 in Egypt.
Samsung Electronics has acquired a 100% stake in artificial intelligence (AI) startup Kngine, the company announced today. The San Francisco based startup specialises in an AI search engine that understands, answers questions and perform actions. This is the second AI startup acquisition by Samsung in the last four months. In late November 2017, the company had acquired Korean AI startup Fluenty, which also specialises in conversational AI. Set up in 2013 in Egypt, Kngine is an intelligent engine that can be used to automate customer service, power voice interfaces and drive enterprise search.
BEIJING, CHINA - Media OutReach - 2 February 2018 - Fung Retailing Limited, with a network of over 3,000 stores, and JD.com (Nasdaq: JD, JD.com or JD.COM), China's largest retailer, today announced a partnership to develop AI-driven retail solutions. According to the agreement signed today, the two companies will cooperate in using AI to transform the retail landscape, and to collaborate in areas including AI platform development and the application of AI to smart retail.