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Applied AI Company Raises $42M to Expand in US

#artificialintelligence

Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance on manual business processes. "We are humbled by the support of our investors in current market conditions," Arya Bolurfrushan, the company's founder and CEO, said in a news release. "We take this responsibility seriously and are clear-eyed that a capital raise is not an indicator of success. We continue to keep our heads down, building great products for our U.S. and U.K.-based customers." Founded in September 2021 and based in Berlin, San Francisco and the United Arab Emirates, AAICO's goal is to "develop targeted machine learning driven products that automate mission-critical business processes involving manual or repetitive work," Bolurfrushan said.


Artificial Intelligence and Machine Learning Play a Role in Endpoint Security

#artificialintelligence

Traditional endpoint protection is reactive, responding once something has happened. Endpoint protection with machine learning is proactive, capable of studying an almost limitless amount of network traffic, logging information and app installations for anomalous activity. "Security technologies with artificial intelligence capabilities have the potential to anticipate attacks and counter them in real-time," says Turner. "Given that cyberattacks occur in seconds, the speed brought by AI-driven security technologies is crucial." Because of the recent shift to remote learning, the number of endpoints has exploded.


3 Artificial Intelligence Stocks With Long-Term Narratives

#artificialintelligence

Artificial intelligence (AI) is a buzzword in tech these days. The term, which encompasses a range of technologies including machine learning and data analysis. The goal is to create systems that can perceive, learn, and reason in ways that mimic human capabilities. At its best, AI will allow machines to understand the gestalt of a situation and react accordingly, a capability that humans take for granted โ€“ but has tends to elude computer systems, which in their turn excel at analyzing minute details. A wide range of tech companies are working on AI systems; artificial intelligence holds the promise of real-time data analysis and situation monitoring, with the machines capable of handling routine decisions.


3 Artificial Intelligence Stocks With Long-Term Narratives

#artificialintelligence

Artificial intelligence (AI) is a buzzword in tech these days. The term, which encompasses a range of technologies including machine learning and data analysis. The goal is to create systems that can perceive, learn, and reason in ways that mimic human capabilities. At its best, AI will allow machines to understand the gestalt of a situation and react accordingly, a capability that humans take for granted โ€“ but has tends to elude computer systems, which in their turn excel at analyzing minute details. A wide range of tech companies are working on AI systems; artificial intelligence holds the promise of real-time data analysis and situation monitoring, with the machines capable of handling routine decisions. While it hasnโ€™t been achieved yet, the outlines of success are visible on the horizon. Every smart investor knows to keep his eyes on the horizon; that is, to plan every investment with long-range intentions. Just how long is up to the individual, but most investors agree that a move isnโ€™t long-term unless itโ€™s held for more than one year. Warren Buffett has famously said, โ€œIf you are not willing to own a stock forย 10 years, do not even think about owning it forย 10 minutes.โ€ With this in mind, we used TipRanks' database to identify three AI stocks that have been highlighted by some of Wall Streetโ€™s best tech sector analysts. These are analysts with 5-star ratings, standing above their peers in accuracy and average returns โ€“ and theyโ€™ve tapped Artificial Intelligence as a tech segment for the long run. Veritone, Inc. (VERI) Weโ€™ll start with Veritone. This media tech company offers a cloud-based operating system for AI that uses machine learning to turn data into useful intelligence. The software allows users to process audio and video in real time, enhance analytics and research apps, reduce content review times, and streamline time spent on โ€˜low-value, high-effortโ€™ tasks. The value of the product to the customers can be seen in the quarterly earnings trends and the share appreciation. The last six months โ€“ covering the worst of the global pandemic and economic recessionary pressures โ€“ have seen VERIโ€™s earnings steadily improve and the share price rise to its best level in over two years. Earlier this month, Veritone showed its confidence by adjusting its Q2 revenue guidance upwards. The guidance, of $13.1 to $13.3 million, is well above the previous upper guide of $12.2 million. The share price has tracked the gains in revenue and earnings. The stock has more than doubled since the February/March market collapse, rising from $3.03 to $10.83 now. Patrick Walravens, writing from JMP Securities, was impressed by Veritoneโ€™s new revenue guidance, and reiterated his Buy rating on the stock. In his comments, he said, โ€œVeritone seems to be gaining traction in its Government, Legal, and Compliance verticals as it experienced record bookings in the quarterโ€ฆ we believe the company is moving its cost structure in the right direction with recent cost-reduction initiatives and upgradesโ€ฆโ€ With his $17 price target, Walravens shows his own confidence that VERI will see 57% growth in the year ahead. (To watch Walravensโ€™ track record, click here) Overall, VERIโ€™s Moderate Buy analyst consensus rating is based on 4 Buys and just a single Sell. The stockโ€™s current price is $11.80, and the average price target $16.25 suggests it has a 50% upside potential. Note that even the low-ball target estimate, of $15, is well above the current price. (See Veritone stock analysis on TipRanks) ZoomInfo Technologies (ZI) Next up is ZoomInfo, a marketing tech company. ZI offers the usual features and services that customers expect in digital marketing intelligence, including account management, data management, demand generation, and lead prospecting. The companyโ€™s AI cloud software is specifically designed to improve efficiency in these tasks, letting sellers get to the business of selling. ZoomInfo is a newly public company, having held its IPO just this past June. The opening was a success, with share prices almost doubling on the first day and nearly tripling in the first few trading sessions. Even now, after nearly two months during which the initial excitement waned and the glow came off the rose, the stock is still trading 88% above its initial price of $21. The strong IPO prompted SunTrust Robinson analyst Terry Tillman โ€“ who is rated in the top 10 of the TipRanks analyst database โ€“ to initiate coverage of the stock with a Buy rating. Tillman wrote of ZoomInfo, โ€œWe believe ZoomInfo represents a rare combination of strong top-line growth and best-in-class profitability. Its go-to-market (GTM) sales intelligence platform drives positive outcomes for B2B sales and marketing organizations - increasing leads, customers and revenue. Premium valuation justified owing to accelerating demand for GTM intelligence and company-specific drivers leading to significant revenue and profit upside.โ€ Tillmanโ€™s Buy rating comes with a $60 price target, implying an impressive 51% upside potential. (To watch Tillmanโ€™s track record, click here) ZoomInfo holds a Moderate Buy rating from the analyst consensus. This is based on 16 reviews, including 7 Buys and 9 Holds. The stockโ€™s $55.07 average price target suggests it has room for 32% growth from the $41.66 trading price this year. (See ZoomInfo stock analysis on TipRanks) CareDx (CDNA) Last on todayโ€™s list is a tech company in the health care sector. CareDx develops and delivers diagnostic surveillance systems for heart transplant patients. The companyโ€™s AI-powered software monitors patient progress in real time, allowing both the patient and the doctors to respond to any rapidly changing health issues in time to ensure a more successful outcome. The result is a novel development in long-term care. While CareDxโ€™s products were originally designed to monitor heart transplants, the company has expanded. Its products now monitor most human organ transplants โ€“ including kidneys, an important niche, as the first successful organ transplant was conducted with a kidney, and this procedure is still among the most common of transplants. CareDx also has cloud-based AI systems to monitor lab results, and to connect digital implants with remote monitors. The companyโ€™s earnings have proven mostly immune to recent economic instability, as medical transplant patients and doctors cannot simply stop using the monitoring systems. And with a firm user base, the stock recovered well from the late-winter market crash. CDNA is up over 130% since bottoming out in March. Covering the stock for Piper Sandler, analyst Steven Mah wrote, โ€œWe believe CareDx has the broadest transplant care platform in the industry and we remain confident that it is well-positioned to protect and extend its first-mover advantage in both pre- and post-transplant patient management to drive long-term growth. In addition, we are encouraged by the resiliency of its essential tests and ability to operate in a COVID-19 environment.โ€ Mah gives CDNA a Buy rating, along with a $54 price target that implies an upside of 66% for the next 12 months. (To watch Mahโ€™s track record, click here) All in all, with 4 recent reviews on record, all Buys, CareDx has a unanimous Strong Buy rating from the analyst consensus. The stock is currently selling for $32.59, and the average price target, at $42.75, suggests a one-year upside of 31%. (See CareDx stock-price forecast on TipRanks) To find good ideas for tech stocks trading at attractive valuations, visit TipRanksโ€™ Best Stocks to Buy, a newly launched tool that unites all of TipRanksโ€™ equity insights.


CMOs Share AI Implementation Successes and Challenges

#artificialintelligence

CMOs had better get accustomed to implementing artificial intelligence (AI) or machine learning into their marketing toolkits. According to the CMO Survey (PDF) released earlier this year, CMOs said their marketing team's AI implementations were likely to almost triple over the next three years. Currently, CMOs averaged a 1.93 when asked to rate their AI implementations into marketing toolkits (1 Not at all; 7 very likely). But in the next three years they see those implementations at a 3.48. CMOs will have to cope with AI's impact on content generation, technology advances, regulations, misuses, challenges, effective use cases, and so on, according to Scott Liewehr, CEO of Digital Clarity Group.


Ad-Blocker Ghostery Just Went Open Source--And Has a New Business Model

WIRED

In privacy-focused, anti-establishment corners of the internet, going open source can earn you a certain amount of street cred. It signals that you not only have nothing to hide, but also welcome the rest of the world to help make your project better. For Ghostery though, the company that makes Edward Snowden's recommended ad blocker, publishing all its code on GitHub Thursday also means clearing up some confusion about its past. Before Ghostery was acquired last year by Cliqz, a privacy-focused web browser, the company's revenue scheme invited some skepticism. Ghostery made money when users opted-in to share data about what kinds of ad trackers they encountered across on the web.


Ghostery 8 Deploys Artificial Intelligence in the Fight Against Ad Trackers

WIRED

Most ad blockers--and there are so, so many of them now--operate roughly the same way, comparing the scripts they encounter on a given site to their whitelist and block list letting the former run and stopping the others. This means they largely share the same drawback, as well; they can't block what they've never seen before. With its latest release, popular ad blocker Ghostery attempts to solve that common dilemma, with a fashionable solution: artificial intelligence. With Ghostery 8, available Wednesday as an extension for all the major browsers, the popular ad-blocker introduces not only AI-powered anti-tracking technology, but also a new "Smart Mode" that adjusts settings for you, rather than expecting novices to know which trackers to toggle. In doing so, the Edward Snowden-endorsed service has become both more accessible to the average user, and better able to preemptively protect them. The power-up comes at an auspicious time.