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) …
What comes to your mind when you think of "artificial intelligence?" And you are right, sort of. AI is capable of doing all those things, plus it's capable of revolutionizing the business landscape. "For many people, artificial intelligence, or AI, is a mere concept, something that will happen in the future. But, in reality, AI has already become a part of mainstream businesses", says Michael Georgio, CMO of Imaginovation, a Raleigh, N.C.-based AI development company.
Machine learning is one of the integral elements of AI. The effects of machine learning on industries are offering multitasking opportunities. Machine learning has the potential to not only automate a large process but also decrease the level of difficulties. As these days the market is getting data-fuelled. The automatic extraction of information and expending it to make predictions is helpful.
Plum, the U.K.-based "AI assistant" to help you manage your money and save more, has raised $3 million in additional funding -- money it plans to use for further growth, including European expansion. The London company has also quietly launched its app for Android phones, adding to an existing iOS app and Facebook Messenger chatbot. Backing this round -- which is essentially a second tranche to Plum's earlier $4.5 million raise in the summer -- is EBRB, and VentureFriends, both existing investors. It brings the fintech startup's total funding to $9.3 million since being founded by early TransferWise employee Victor Trokoudes, and Alex Michael in 2016. The new investment is said to come at the end of a year of "rapid expansion for Plum" in both London and Athens, including growing the team to 31 employees.
Summary: Booze Allen just launched a one-stop shop for all manner of pretested DNN models. This makes buying just like picking accounting, CRM, or HRIS software. Equally as important, it's a genius example of platform strategy to lock in customers and lock out competitors. The common vision of developing and deploying a deep learning model is half-a-dozen (at least) data scientists and engineers slogging away over maybe three to six months before having that MVP to first test in production. Go down to the software store, grab a COTS (commercial off the shelf) DNN for any image or text problem you may have, add a little transfer learning, and slam, bang, thank you ma'am you're in production.
In the early 1980s, presentations about Infosys began with the founders' pointing out India and Bengaluru on a world map. Today, globally listed companies such as Dr Reddy's, Tata Motors, and Reliance Industries have made that redundant. The country is also the third-largest startup nation. A number of its business-to-consumer (B2C) ventures, from e-commerce major Flipkart to ride-sharing platform Ola, are known across the world. Now, a new wave of business-to-business (B2B) startups in niche segments is silently creating a significant impact globally.
Counting billable time in six-minute increments is the most annoying part of being a lawyer. It leads law firms to conservatively under-bill. And it leaves lawyers stuck manually filling out timesheets after a long day when they want to go home to their families. Life is already short, as Ping CEO and co-founder Ryan Alshak knows too well. The former lawyer spent years caring for his mother as she battled a brain tumor before her passing.
Roundup Hello, here's a short but sweet round up of news from the world of machine learning beyond what we have already covered on El Reg. Microsoft funded an AI startup that spies on Palestinians: Microsoft invested in AnyVision, a company that supports a secret Israeli military project that surveils Palestinians travelling within the West Bank. Palestinians living in the contentious region occupied by Israel can only travel via designated checkpoints. The Israeli government also tracks their movements using CCTV cameras as they walk throughout eastern Jerusalem. The military project, supposedly codenamed "Google Ayosh," was carried out to search for specific people by matching the faces spotted on the cameras to a known database, according to NBC News.
The disruptive sales startup presented its solution to local investors, after it has gained successful track record working with leading clients in Europe and South America. Enerjoy, an artificial intelligence platform that uses personalized gamification to increase sales teams' motivation and performance, announced the launch of its series A fundraising round, as part of a remarkable event held by Strtupboost and SAP Next Gen at the latter's headquarters in New York city. Enerjoy's scientifically based solution was proven to increase sales reps performance by an average of 25%, catering leading clients as banks, insurance, travel and telecom companies in Europe and South America. Gabby Hasson, Managing Partner at Bseed who's mother company Besadno VC invested in enerjoy last June says; "as a venture capital firm that sees hundreds of startups each year, we always look for smart technologies that can make a real impact on different industries while presenting significant scale potential. Besadno joins enerjoy's former investors' list: Nielsen Innovate, Samurai-Incubate and Israeli Innovation Authority. Enerjoy takes pride in its customers as Orange telecom and Tatra Bank in Slovakia, Coca Cola in Israel, Fattal hotel reservation centers and other media, insurance and technology companies in different countries. The company developed a personal motivational profile algorithm based on research it has conducted with its organizational and behavioural scientists, along with other studies such as Harvard motivational model. Their conclusions were then translated into an artificial intelligence platform that uses gamification to motivate each rep individually. The platform increases each reps' sales rates and responds to changes in real time. In addition, it serves as a support tool for the teams' manager, sending relevant notifications about reps progress. Viki Glam, enerjoy's CEO and Co-Founder noted: "We have spent a lot of time and resources to validate our motivational algorithm and to prove it can bring results to serious clients in different industries and different cultures.
There's booming demand for silicon custom-designed to accelerate AI workloads, as the gobs of cash raised by startups like Hailo Technologies, Graphcore, and Untether AI demonstrates. The fierce competition isn't deterring Blaize (formerly Thinci), which hopes to stand out from the crowd with a novel graph streaming architecture. The nine-year-old startup's claimed system-on-chip performance is impressive, to be fair, which is likely why it's raised nearly $100 million from investors including automotive component maker Denso. Blaize emerged from stealth today with $87 million raised over several venture rounds from strategic and venture backers Denso, Daimler, SPARX Group, Magna, Samsung Catalyst Fund, Temasek, GGV Capital, SGInnovate, and Magna; the second-to-last round closed in September 2018 and totaled $65 million. The company initially focused on what it called vision processors -- chips to speed up vision, radar, and sensor fusion tasks -- before expanding to encompass datacenters, edge infrastructure devices, and enterprise client devices.
"We lived and breathed data science," DataRobot CEO Jeremy Achin says of himself and his cofounder ... [ ] Tom de Godoy. "And we asked ourselves, 'How would we automate our jobs?'" DataRobot wants to make machine learning so simple that a business analyst with basic training can run predictive models without breaking a sweat. The Boston-based startup just raised a $206 million Series E funding round led by Sapphire Ventures to expand the business, which sells software that helps companies across industries develop and deploy in-house AI models. The billion-dollar valuation makes it the highest-ranking of the "picks-and-shovels" startups featured on Forbes' inaugural AI 50 list (meaning the companies that provide tools to help their customers develop their own AI).