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) …
Chipmaker Ampere on Wednesday announced its plan to acquire OnSpecta, a startup whose software accelerates AI inference workloads in the cloud and the edge. The terms of the deal were not disclosed. OnSpecta, founded in 2017 and headquartered in Redwood City, Calif, has already collaborated with Ampere. The OnSpecta Deep Learning Software (DLS) has proven to accelerate Ampere-based instances running popular AI-inference workloads by 4x. Last year, Ampere started shipping its Altra processor, an Arm-based server chip for cloud computing and hyperscale data centers.
WIRE)--Blue Hexagon, a leading agentless cloud-native AI platform, today announces CRN's recognition of Blue Hexagon in the "10 Hottest AI Security Companies You Need to Know." This acknowledgment signifies the work Blue Hexagon has devoted to active and continuous AI-driven cloud security and network threat detection and response (NDR). As the leading cloud security platform, for actionable visibility, real-time threat defense and continuous compliance, this underscores Blue Hexagon's commitment to delivering innovative solutions to customers who need to secure their data, network and workloads in the public cloud. Blue Hexagon's deep learning models automatically analyze millions of traits within payloads, protocols, and headers to identify a wide variety of known and unknown file-based and protocol-based threats, in less than a second. The company's technology can analyze cloud configurations, cloud storage activity, and the entire threat kill chain in real time, without the burden of deploying and managing agents.
Artificial intelligence is everywhere in our day to day lives. But, with the world's media filled with dystopian tales of computer intelligence taking over humanity; what does the public really think of AI? Using data1 from Google Search Trends, Linkfluence, and Answer the Public, Ebuyer has revealed that over 2.9 million negative posts were generated on AI over the past year! So, does the public really trust AI? And why exactly do people have such a negative perception of the technology that continues to make our lives so much easier? The USA has the largest interest in AI with over 12 million posts over the past year!
DataRobot announced that it is acquiring Algorithmia -- a machine learning operations platform -- and is wrapping up a $300 million Series G funding round as it tries to dominate the augmented intelligence market. DataRobot said the acquisition would help bolster the company's capabilities "to unlock value from AI through better, faster, frictionless solutions for every part of the modern enterprise." Dan Wright, CEO of DataRobot, said Algorithmia's people and technology significantly enhance the company's mission to move from experimental to applied Topic: AI rapidlyto rapidly move from experimental to applied AI by helping customers bring every model into production with rapid time to value. "We are thrilled to welcome the Algorithmia team and advance our leading MLOps offering with world-class, enterprise-grade MLOps infrastructure to organizations across the globe," Wright said. They plan to integrate Algorithmia's focus on model serving with DataRobot's model monitoring and model management capabilities.
Petuum's CASL research and engineering team has won this year's OSDI 2021 Best Paper Award. This effort is led by Dr. Aurick Qiao who heads the Composability, Automatic, and Scalable Learning (CASL) research and engineering team at Petuum. Dr. Qiao received the Jay Lepreau Best Paper Award at the 15th USENIX Symposium on Operating Systems Design and Implementation (OSDI) 2021 for the paper he co-authored, Pollux: Co-adaptive Cluster Scheduling for Goodput-Optimized Deep Learning which captures the revolutionary work implemented using one of CASL's key components, AdaptDL. Current live application of Pollux can be implemented via AdaptDL that integrates with PyTorch, Microsoft NNI, and with Ray coming soon. Pollux as implemented by AdaptDL improves scheduling performance in deep learning (DL) clusters by adaptively co-optimizing inter-dependent factors both at the per-job level and at the cluster-wide level.
All the sessions from Transform 2021 are available on-demand now. Blaize, a company developing AI edge computing platforms for automotive, enterprise, and computer vision markets, today announced that it raised $71 million in series D funding led by Franklin Templeton and Temasek, with participation from Denso and other new and existing backers. The company says that the funds will be used to support its go-to-market and R&D efforts. The pandemic has accelerated the adoption of edge computing, or computation and data storage that's located close to where it's needed. According to the Linux Foundation's State of the Edge report, digital health care, manufacturing, and retail businesses are particularly likely to expand their use of edge computing by 2028.
All the sessions from Transform 2021 are available on-demand now. Sales support platform Orum today announced that it closed a $25 million series A funding round led by Craft Ventures, with participation from several existing backers. The funding brings the company's total raised to $29 million at a $125 million valuation, and cofounder and CEO Jason Dorfman says the round will be put toward general expansion, mostly focused on product, customer service, and international market expansion. Live conversation is arguably the cornerstone of sales development. According to a HubSpot survey, 20% of customers want to talk during the decision stage, once they've chosen a product to buy.
New feature comes on the heels of VERB's Attribution feature announced in May 2021 for the verbLIVE livestream ecommerce platform NEWPORT BEACH, Calif. and SALT LAKE CITY, July 26, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM and marketing applications for entrepreneurs and enterprises, today announced that it is introducing A I capabilities to its sales enablement platform. The new feature set called "Pulse" is the first iteration of VERB's artificial intelligence initiatives designed to make it easy for anyone to sell, giving pros and newbies alike a real competitive advantage. The new feature will be available in August 2021. Designed by sales people for sales people, Pulse helps automate management of their customer relationships and interactions. Based on prior activities and behavior, Pulse guides users through behavior-driven prompts, reminders, and suggested actions for specific customers.
Qualcomm said Monday that it recently acquired the assets of Twenty Billion Neurons, a Microsoft-backed artificial intelligence/computer vision startup that develops avatars that can see and interact with people in a human-like way. The San Diego mobile technology company declined to say how much it paid for TwentyBN, which has locations in Berlin and Toronto. But it is likely a relatively small deal. Qualcomm said the company has under 20 employees. It raised about $10 million in venture capital from M12 -- Microsoft's venture capital fund-- and others since it was founded in 2015 by Chief Executive Roland Memisevic. Memisevic was the co-head of MILA, a well-respected AI research institute in Montreal.
Financial institutions are using AI-powered solutions to unlock revenue growth opportunities, minimise operating expenses, and automate manually intensive processes. Many in the financial services industry believe strongly in the potential of AI. A recent survey by NVIDIA of financial services professionals showed 83% of respondents agreeing that AI is important to their company's future success. The survey, titled'State of AI in Financial Services', also showed a substantial financial impact of AI for enterprises with 34% of those who replied agreeing that AI will increase their company's annual revenue by at least 20%. The approach to using AI differed based on the type of financial firm.