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) …
Cloud communications firm Twilio this afternoon reported Q3 revenue that topped Wall Street's expectations, and a surprise profit, and an outlook for this quarter's revenue that was higher as well. The one apparent blemish in the quarter was that the company's Dollar-Based Net Expansion Rate was 131%. That was down from 137% in the prior-year period. The report sent Twilio shares down 11% in late trading. "We had a terrific Q3, and we're really exicted about our set-up for Q4," said CFO Khozema Shipchandler, in an interview with ZDNet via Zoom following the report.
Conversational AI company LivePerson today announced that it acquired two companies for an undisclosed sum: VoiceBase and Tenfold. VoiceBase provides speech recognition and conversational analytics, while Tenfold develops a platform for integrating communication systems with customer relationship management software and support services. LivePerson CEO Rob LoCascio says that folding VoiceBase and Tenfold into its existing offerings will support LivePerson's vision to "help brands gain complete ownership and visibility" over their customer engagements. "Brands want to accelerate their use of voice and conversational AI with deep connective tissue into their systems," he added in a statement. "It's my great honor to welcome VoiceBase and Tenfold's experts to the LivePerson family as we build the unified AI system behind 100% of conversations with the world's most innovative brands."
Today, Informatica is going public, once again. The company, which went private in a $5.3 billion deal back in 2015, expects to raise $841 million on this round. Informatica's emergence from private equity comes as the company has transitioned to a cloud-first business where subscriptions have climbed to nearly half of overall revenue. Informatica's journey into private equity has been a familiar one: a company seeks to transform its core business without the pressure of having to deliver quarterly results to Wall Street. It's a well-trod path that has been followed by a wide range of household names, and most recently in the data world, Cloudera.
Shanghai (Gasgoo)- Chinese tech giant Baidu and GAC AION, the wholly-owned NEV subsidiary of GAC Group, on Oct. 26 announced the launch of a new version of the Apollo Moon Robotaxi, which is based on GAC AION's all-electric vehicles and Baidu's factory-installed autonomous driving system (hereinafter referred to as "the Apollo Moon AION version"). On the basis of the ANP (Apollo Navigation Pilot) independent closed loop, the Apollo Moon AION version is capable of the driverless running under specific conditions and the autonomous driving in complex urban traffic scenarios thanks to a tailor-made LiDAR unit and self-driving redundancy design, according to a press release from Baidu Apollo. On the side of vehicle hardware, the Apollo Moon rides on GAC AION's GEP (GAC Electric Platform) 2.0 platform dedicated to all-electric vehicles. Involving an R&D investment of 3 billion yuan ($469.91 million), the platform features a remarkable capability of autonomous driving software and hardware integration and is earlier for autonomous driving tech suppliers to deeply develop vehicle control systems thanks to its EV-focused essence. Owing to the thorough upgrades of both software and hardware, the Apollo Moon AION features lower manufacturing cost per car than that of the former-generation cars, while its overall performance has been greatly improved.
The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Private-equity firm Permira and the Canadian Pension Plan Investment Board in 2015 took the company private in a transaction valued at $5.3 billion after roughly 15 years as a public company. The company has since moved its on-premises products to a cloud-based platform and built a subscription business. Permira and CPPIB will control about 85% of the company after its IPO. Informatica, which lists drugmaker Eli Lilly & Co., consumer-goods giant Unilever PLC and supermarket chain Kroger Co. among its customers, helps companies connect and manage their data across the cloud and on-premise systems, allowing organizations to better analyze the data they collect.
MINNEAPOLIS, October 18, 2021 – Setting the global standards for e-discovery, the Electronic Discovery Reference Model (EDRM) is pleased to announce the release of its artificial intelligence (AI) paper titled "The Use of Artificial Intelligence in eDiscovery." Kelly Atherton, senior manager cyber incident response at Norton Rose Fulbright, served as the project trustee. Our drafting team comprised of attorneys, data scientists and legal technologists sought to create an objective, easy to digest overview for the bench and bar to aid them in better understanding the use of AI in e-discovery. "We are inundated in the e-discovery space with broad talk of technologies that will help us perform our work more efficiently and accurately at a lower cost. But what does this all even mean?" asks Atherton. "Our drafting team comprised of attorneys, data scientists and legal technologists sought to create an objective, easy to digest overview for the bench and bar to aid them in better understanding the use of AI in e-discovery. We adopted a broad, working definition of AI for the purpose of this paper and discussed the types of AI used in e-discovery, common uses cases and ethical considerations. Our hope is those new to AI can use this paper as a starting point to become a more informed consumer and adopter of AI in e-discovery."
Google's parent company Alphabet on Tuesday beat quarterly earnings expectations, raking in $18.9 billion in profit as its online ad engine and cloud services thrived. Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform that give it extensive global influence. "This quarter's results show how our (artificial intelligence) investments are enabling us to build more helpful products for people and our partners," said Sundar Pichai, CEO of Alphabet and Google. "As the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate," he added. The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power.
No one in their right mind would actually want to live in the world of A Quiet Place, where denizens walk around barefoot and move as silently as possible to avoid incurring the wrath of highly noise-sensitive aliens. But, if you'd like to find out how well you might cope in that universe, you can test your nerves in the franchise's first video game, which is scheduled to arrive next year. Publisher Saber Interactive has announced that a single-player, story-driven horror adventure is in development by iLLOGIKA and EP1T0ME. The iLLOGIKA team includes developers who have worked on the Rainbow Six and Far Cry franchises, and the studio helped with the development of games including Hyper Scape and Cuphead. There aren't many other details about A Quiet Place just yet, such as the platforms on which it will be available.
Torc Robotics and Daimler Truck kick off their third year of partnership poised to commercialize the first scalable, profitable Level 4 autonomous truck that will help fleets improve their operations while bolstering the backbone of the U.S. economy. Torc is currently testing the Level 4 trucks on public roads in Virginia, New Mexico, and Texas, with continued route expansion in the works. The two companies are pursuing a focused, safety-oriented approach to market that also seeks to build trust among fleets and the drivers of vehicles who will share the road. Introducing a world-changing technology into an existing infrastructure, where human drivers will share the road with automated trucks, requires credibility and responsibility, according to Dr. Peter Vaughan Schmidt, Head of Daimler Truck's Autonomous Technology Group. "As the inventor of the truck, Daimler Truck has many decades of experience in testing and validation of commercial vehicles. Nevertheless, to develop a safe autonomous level 4 truck remains a complex task and resembles a marathon, not a sprint. Two years together with Torc Robotics, we have accomplished a lot, collaboratively pursuing a common goal of leading the logistics sector into the future and making road traffic safer for society. I am convinced that we are optimally positioned as a company and together with Torc we have the right partner at our side to achieve our goals."