Newsroom

Procter & Gamble on Scaling AI for Enterprise

Data, talent, platforms and trust: these are the four key pillars firms need when building AI into their applications according to Procter & Gamble’s chief information officer Vittorio Cretella. During his keynote at the ScaleUp: AI conference in New York earlier this month, Cretella explained that artificial intelligence was embedded in every single aspect of the consumer packaged goods company’s operations.
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Scaling Up: AWS’s Allie Miller Outlines the Key Trends in AI and Machine Learning

We are entering an AI world where start-ups are transforming everyday lives through artificial intelligence and machine learning. AWS’ Allie K Miller spoke at the recent ScaleUp:AI conference and set out the key trends for ML and AI. As artificial intelligence and machine learning have become more mainstream in the last decade; the tech sector has seen countless start-ups popping
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5 Key Takeaways From ScaleUp:AI 2022

AI experts descended on ScaleUp:AI conference in New York, with speakers from AWS, Procter & Gamble, IBM, PayPal and others offering insights on some of AI’s most pressing issues. Here are five of the biggest takeaways from this year’s event.
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ScaleUp:AI 2022 – AL/ML Can Worsen Inequity in Finance

Financial services firms that use diverse datasets in their machine learning-based models to generate credit scores are more inclusive and thereby manage bias risk more holistically, according to speakers at the ScaleUp: AI conference.
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ScaleUp:AI 2022 – Build, Buy or Partner? How Citi Works with AI Startups

At the pace AI is changing, large financial services institution such as Citi finds value in working with startups that bring skills “we desperately need,” according to its global head of AI. “We have a lot of talent in-house, obviously, that we can utilize to develop our own products and services,” said AI chief Prag Sharma at the ScaleUp: AI conference in New York.
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ScaleUp:AI 2022 – Top ML Trends From AWS’s Head of Global Machine Learning

Increases in no-code, low code and decentralization are among the top machine learning trends of tomorrow, according to the global head of machine learning at AWS. Allie Miller, the cloud division’s global ML head for startups and venture capital, also noted the rise of interest in security, performance and access at the ScaleUp: AI 2022 conference in New York.
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Viz.ai Raises $100M in Series D Funding, Led by Tiger Global and Insight Partners at $1.2B Valuation

Viz.ai, the leading AI-powered disease detection and care coordination platform, has raised a $100 million funding round at a $1.2 billion valuation. The Series D round, which comes as the number of hospitals using the Viz Platform surpasses the 1,000 mark and patients served reaches millions, was led by Tiger Global and Insight Partners.
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ScaleUp:AI 2022 – Risks of ‘Wild West’ AI in Health Care

AI is permeating all aspects of the health care system, whether it is in diagnostics, treatment, drug discovery, precision medicine, imaging and more. “It’s really the sky’s the limit at this point, which is both a blessing and a curse because it’s the Wild West,” said Dr. Danny Tobey, a partner at law firm DLA Piper, during a panel at the ScaleUp: AI conference in New York. “There are no robust standards yet on what differentiates good and responsible from not as good and irresponsible AI.”
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ScaleUp:AI 2022 – Hackers Using AI to Penetrate Defenses

The future of cybersecurity is AI – both for defenders and attackers, according to SentinelOne’s Nicholas Warner. During a keynote at ScaleUp: AI, the COO suggested that AI is both a savior and a thorn in the side of cybersecurity, with cyberattacks becoming a geopolitical and personal problem as well a corporate one.
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ScaleUp:AI 2022 – Procter & Gamble CIO on Scaling AI in the Enterprise

Consumer products giant Procter & Gamble is no stranger to innovation, from inventing the first foaming soap bar, Ivory, in 1879 to launching an AI-powered electric toothbrush in 2019 that tracks how people brush. CIO Vittorio Crettella said the innovation continues. “AI is embedded in everything we do and also embedded increasingly in all our products,” he said at the ScaleUp:AI conference in New York.
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ScaleUp:AI 2022 – Google Brain’s Andrew Ng Says Data-centric Approach Boosts AI Success

Andrew Ng, the revered AI expert and co-founder of Google Brain, said developers should adopt a data-centric AI approach to unlock the full potential of AI. Speaking during a keynote at ScaleUp:AI, Ng, referred to a McKinsey report that suggested AI would add $13 trillion to the global economy by 2030. However, he said outside sectors served by the consumer internet companies, AI adoption was “very low.”
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EU a ‘Frontrunner’ in Robotics – but Lags Behind the US, China in Wider AI Landscapes

New findings from the EU’s Science Hub suggest the US holds a ‘comparative advantage in several AI areas.’ EU investments in AI grew by 39% between 2018 and 2019, with the bloc set to smash its investment target for the decade, a new report suggests.
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FedEx to Test Autonomous Delivery Drones with Elroy Air

FedEx is teaming up with Elroy Air to test autonomous cargo drones. The plans would see FedEx Express test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations.
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AI-Powered Robot Beats World Bridge Champions

For the first time, an AI-powered robot beat eight world bridge champions. A platform from French startup Nukkia played against eight professional bridge players with 16 World Champion titles between them at an event in Pairs.
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GovCIO & Torch.AI Partner to Provide AI Data Broker Solution to U.S. Department of Defense

GovCIO, a leading provider of high-end technology and digital services to federal agencies, announced today that it has partnered with Torch.AI, the leader in artificial intelligence powered ultra-high speed data processing, to provide the U.S.
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UK’s House of Lords Aims to Prevent AI in Policing from Becoming ‘new Wild West’

“What would it be like to be convicted and imprisoned on the basis of AI which you don’t understand and which you can’t challenge?” asked Baroness Hamwee, chair of the Justice and Home Affairs committee.
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EY: Real Change is on the Horizon

EY’s consultancy business was set up to facilitate digital transformation of global enterprises. So what are the key technologies driving change in industry? James Pearce spoke with EY global VP Errol Gardner to find out
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Adversa AI Launches FOOL AI ART EXHIBITION Showing the World-First Exploits in NFT

Adversa AI, the leading Israeli startup focused on adversarial AI, has launched a virtual unconventional Art Exhibition dedicated to International Fool's Day. It includes paintings which deceive artificial intelligence.
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Australian Government Invests $44M in AI Push

The Australian Government has announced it is investing $44 million AUD to establish four Artificial Intelligence and Digital Capability Centers. 
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Intel to Acquire AI-based Workload Optimization Startup Granulate

Intel Corporation today announced an agreement to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software.
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US and Singapore to Collaborate on Ethical AI Projects

The U.S. and Singapore have agreed to collaborate on AI and cybersecurity efforts. President Joe Biden met with Singaporean Prime Minister Lee Hsien Loong in the Oval Office this week to discuss closer ties.
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Data Center World 2022: AIOps is a Gamechanger for IT Departments

Survey shows companies’ interest in AIOps rising much faster than it did for DevOps. The pandemic revealed a fissure in the operations of the traditional IT department: It was woefully unequipped to handle the sudden increased demand for digital services.
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The Rise of The Digital Worker to Scale Process and Systems at Will

The magnitude of the global business problems we face today requires solutions at scale. Imagine in today’s world trying to solve a problem with a data set that fits on a 5 GB USB thumb drive.
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Builder.ai Raises $100M Series C Funding Led by Global Software Investor Insight Partners

New funding takes Builder.ai's total raise to $195M, accelerating growth and enhancements of its human-assisted AI app development platform that empowers every business and entrepreneur
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IBM CEO: AI to Add $10 Trillion to Global GDP by 2030

AI will add up to $10 trillion to the global economy in the next decade, according to IBM CEO and chair Arvind Krishna.
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Beewise’s Mission to Save the Bees from Climate Change gets $80M Cash Infusion

Beewise, the climatech precision robotics company on a mission to save the bees, today announced an $80 Million Series C funding round led by New York-based global venture capital and private equity firm Insight Partners.
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Google Unveils AI Projects Including Smartphone Health Tools

Google Health has introduced new research projects that use artificial intelligence (AI) to turn smartphones into stethoscopes and screening tools. At its Google Health ‘The Check Up’ event last week, the company shared new areas of AI-related research and development to help equip clinicians with “easy-to-use tools to help them better care for patients”.
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AI vs. Movie Experts: Who Got More Oscar Winners Right?

Every year for the last six years, Unanimous AI has been more accurate than movie critics at predicting Oscar winners. It uses swarm intelligence -- the power of interactive group decisions enhanced by AI -- to transform regular people into expert decision-makers.
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AI in Health Care: Biases, Barriers, and Backlogs

Leading U.K. medical experts wrangled with how to successfully apply AI in the health care sector, with various voices raising concerns over biases and data privacy.
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AI Regulatory Updates from Around the World

China wants to regulate algorithms as EU lawmakers argue over facial recognition rules. AI Business brings you a detailed analysis of how jurisdictions around the world are looking to regulate AI. From levels of trustworthiness in the EU to the U.S. lagging behind its rivals, here are some of the biggest changes and challenges.
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ESG Initiatives Experiment with Artificial Intelligence

AI has found a role in ESG initiatives, even as data-related challenges continue to present roadblocks. Learn about environmental sustainability examples that use AI.
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Active Duty at Insight (Part 2)

The Defense Ventures Fellows program is an immersion program for active-duty military service members, who spend 2 weeks in a cohort-based training, and then 6 weeks embedded in a venture capital firm or portfolio company — after which they return to the military with new insights about the innovation economy. Colonel Eric Lyon and Captain Dave Kurtz recall their experiences and biggest surprise around AI, ML and the investment community.
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European Parliament Publishes AI Roadmap to 2030

The EU Parliament’s special committee on Artificial Intelligence in a Digital Age (AIDA) has adopted its report findings on artificial intelligence (AI). In September 2020, the AIDA Committee was tasked with exploring the impact of AI on the EU economy and its different sectors, analysing the AI approach of third countries, and charting the road ahead.
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And the Oscar Goes to: How Swarm AI’s Predictions Beat Movie Critics’ Choices

By itself, a single bee is not very smart. But in a colony, bees are capable of complex decision-making – such as deciding where to build its hive where they will be protected from the elements, but still be near pollen and a source of water. That is the thinking underpinning Unanimous AI’s Swarm intelligence platform.
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AI Expansion Comes with Ethical Challenges

The role of AI has rapidly expanded with industrialization and globalization in recent years. The rise has also brought focus to the regulatory and ethical measures that require consideration, according to the Stanford Institute for Human-Centered Artificial Intelligence (HAI).
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Espressive and Ivanti Partner to Deliver AI-based Digital Assistants Through the Ivanti Neurons Platform

Espressive, the pioneer in artificial intelligence (AI) for enterprise service management (ESM), today announced a partnership with Ivanti, the provider of the Ivanti Neurons automation platform that empowers organizations to discover, manage, secure, and service from cloud to edge.
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Glia Exceeds $1B Valuation as Total Funding Surpasses $150 Million

Glia, the leading provider of Digital Customer Service (DCS), today announced $45M in Series D funding led by New York based-global venture capital and private equity firm Insight Partners and joined by existing investor Wildcat Capital Management as well as new strategic investors, including RingCentral Ventures™. This latest round of financing brings Glia's total funding to $152M and its valuation to over $1B.
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Weaponizing AI: ML Model Creates 40,000 New Chemical Weapons in Six Hours

Using AI for drug discovery is an area where a growing number of organizations are looking to do good. But a new study suggests a darker side: AI tools could be used to develop chemical weapons.
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It’s All Greek to DeepMind: AI Helps Historians Unravel Ancient Texts

DeepMind has joined forces with classic scholars to develop a new AI tool that helps historians interpret and restore the text on damaged ancient Greek inscriptions. Named after the Greek island featured in Homer’s Odyssey, Ithaca builds on an earlier text restoration system Pythia, released in 2019.
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SXSW 2022: Can AI Help You ‘Live Forever?’

Four Nobel laureates are dedicating themselves to this task. Eating a healthy diet and exercising regularly can help stave off disease and enable individuals to live longer. But no matter how healthy a person strives to be, there is no stopping the aging process.
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IDC Forecasts AI Solutions Spend to Hit $120B in the US by 2025

Spending on artificial intelligence in the United States will grow to $120 billion by 2025, representing a compound annual growth rate (CAGR) of 26.0% over the 2021-2025 forecast period. Moreover, all 19 U.S. industries profiled in the latest Worldwide Artificial Intelligence Spending Guide from International Data Corporation (IDC) are forecast to deliver AI spending growth of 20% or more. The U.S. also accounts for more than half of all AI spending worldwide.
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Databricks Extends Partner Program with Introduction of Brickbuilder Solutions

Databricks, the Data and AI company and pioneer of the data lakehouse paradigm, is increasing its investment in its growing partner ecosystem as more customers adopt the lakehouse. Today, Databricks is announcing the debut of Brickbuilder Solutions: data and AI solutions expertly designed by leading consulting partners to address industry-specific business requirements on the Databricks Lakehouse Platform.
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NIST Calls for Socio-Technical Approach to Challenge AI Biases

AI minds from NIST (National Institute of Standards and Technology) have called for organizations to take a ‘socio-technical’ approach to mitigate bias in AI. In a newly released publication on standards for managing biases in AI, the authors suggest brands should recognize that AI operates in a larger social context — and that purely technically based efforts to solve the problem of bias will come up short.
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Forbes Names Landing AI a Top Startup Employer

Landing AI recognized for employee satisfaction, reputation, and growth Landing AI, which provides software that makes building and deploying AI solutions in manufacturing fast and easy, today announced that it has been recognized by Forbes as one of America’s Best Startup Employers 2022. “We are thrilled to be named a Best Startup Employer by Forbes,” said Andrew Ng, Landing AI CEO
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CVEDIA Partners with AI Chipmaker Hailo to Launch Next-Generation Thermal Edge AI Solutions

Hailo, a leading AI (Artificial Intelligence) chipmaker, today announced its partnership with CVEDIA. a leader in edge computer vision software, to launch next-generation thermal edge AI solutions. The joint solutions combine CVEDIA's computer vision expertise alongside its synthetic data technology with the Hailo-8™ AI processor to offer customers high-performance, scalable thermal edge AI solutions
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SentinelOne to Acquire Attivo Networks, Bringing Identity to XDR

SentinelOne (NYSE: S), an autonomous cybersecurity platform company, today announced it has entered into a definitive agreement to acquire Attivo Networks, a leading identity security and lateral movement protection company. With this acquisition, SentinelOne extends its AI-powered prevention, detection, and response capabilities to identity-based threats, setting the standard for XDR and accelerating enterprise zero trust adoption.
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Run:ai Raises $75M in Series C Round to Accelerate AI Adoption Worldwide 

Run:ai, the company simplifying AI infrastructure orchestration and management, today announced that it has raised $75M in Series C round led by Tiger Global Management and Insight Partners, who led the previous Series B round. The round includes the participation of additional existing investors, TLV Partners and S Capital VC, bringing the total funding raised to date to $118M.
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Pentagon Selects Deputy Chief Digital and Artificial Intelligence Officer

The US Department of Defense (DoD) has selected Margaret Palmieri as its Deputy Chief Digital and Artificial Intelligence Officer (CDAO). Palmieri, who brings an extensive background in military operations, strategy, and IT, was most recently serving as Special Assistant to the Vice Chief of Naval Operations and as Director of the Chairman of the Joint Chiefs of Staff Action Group.
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U.K. Experts Debate AI Ethics and Diversity

Leading voices in AI gathered to debate the key issues surrounding AI and how organizations can prepare for and harness it ethically. The event, hosted at Rolls-Royce’s soon-to-be-opened R² Factory in central London, was organized to mark the official launch of AI Strategy for Sales and Marketing by Katie King, author and CEO of AI in Business.
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AI-enabled Smart Glasses Help the Blind and Visually Impaired

Assistive technology company Envision has unveiled its latest version of Smart Glasses to help those with no or low vision see better with the power of AI. Showcased at a recent conference from the California State University Northridge (CSUN), the Smart Glasses uses AI to organize different types of information from visual cues and verbally translates the information to the user.
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VisionAIres: The AI Data Challenges in Health Care

The major issues around artificial intelligence in health care come down to less about the amount of data and more about data sharing, quality and reliability. Those were the key issues members of the VisionAIres community shared in the monthly roundtable discussion comprising AI business leaders from industries including finance, media, technology, government, health care, automotive, energy, utility and transportation.
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AI News Roundup: LinkedIn Buys a Google Analytics Rival, Alphabet’s Drones Take Off, and more

Google Cloud inks deal with Qatar’s largest telecoms company, GM sells stake in EV company AI Business brings you the latest in deals and products from across the AI world. This week’s roundup covers LinkedIn, Google Cloud, Alphabet's Wing and more!
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C3 AI and Rapid Sustainment Office Granted Authority to Operate from US Air Force

Enterprise AI software company C3 AI has announced that the United States Air Force has granted the Rapid Sustainment Office’s (RSO) Condition Based Maintenance Plus (CBM+) program with a continuous Authority to Operate (ATO) at impact level 5 (IL5).
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Pony.ai Recalls Autonomous Driving Software

Autonomous driving start-up Pony.ai has recalled three of its vehicles, the National Highway Traffic and Safety Administration confirmed. The move follows a crash in California in October and constitutes the first time an automated driving system has been subject to a recall.
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BT selects Google Cloud as Strategic Partner for Group-wide Data and AI Transformation

Today, Google Cloud and BT announced a strategic, five-year partnership to accelerate BT’s company-wide digital transformation. The collaboration will involve BT using a suite of Google Cloud products and services to deliver superior customer experiences, reduce costs and risk, and build new revenue streams.
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LinkedIn and DeepMind Co-founders Launch AI Startup

LinkedIn billionaire co-founder Reid Hoffman, DeepMind co-founder Mustafa Suleyman, and former DeepMind AI researcher Dr Karén Simonyan announced on Tuesday the launch of a new startup called Inflection AI.
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Dedalus, Ibex Partner to Bring AI Power to Digital Pathology

Dedalus Group ("Dedalus"), the leading healthcare and diagnostic software solutions provider in Europe, and Ibex Medical Analytics ("Ibex"), the market leader in artificial intelligence (AI)-powered cancer diagnostics, today announced a strategic partnership to bring the power of artificial intelligence to digital pathology.
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AI Tool for Monitoring Fast-evolving Information in War Zones

A Silicon Valley-based startup has launched an AI-enabled data dashboard that organizes volumes of news and social media content to reveal real-time developments in volatile areas, such as war zones.
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Accelerating Value with Value Gap Mapping

In our previous article introducing the S.C.A.L.E. model, we noted that the principle of Accelerated Value is primarily focused on reducing unnecessary friction in the customer experience as a means to improve an important leading process indicator: time to value. Shrinking the time it takes for customers to realize value is a universal challenge for SaaS ScaleUps. 
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Bill Gates backs Luminous Computing in Series A Round to Build AI Supercomputer

Luminous Computing, which is re-imaging the entire machine learning hardware/software stack and is trying to build the world’s most powerful AI supercomputer, has raised $105 million in a Series A round that included Microsoft founder Bill Gates.
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Monolith’s AI Tech to Accelerate Development of New Cars

The length of time and cost involved in developing new cars could be halved in the future, thanks to an AI platform from software company Monolith. The London-based firm says its tech uses self-learning models to instantly predict the results of complex vehicle dynamics systems, in the process reducing the need for physical tests or simulations.
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Ford and Argo AI’s Self-driving Test Vehicles Hit the Road in Nashville

Ford and Argo AI’s self-driving test vehicles are venturing into new territory after being spotted on the road in Nashville earlier this week. Local news outlet The Nashville Post reported that one was observed circling The Gulch neighborhood – something of a surprise, as the Tennessee city has not previously been mentioned as a test center for Argo AI’s vehicles.
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AI in Telecommunications: Defeating Complexity and Driving Revenue

In this guide, sponsored by Nuance, we explore how leading telcos are using AI to improve the customer service experience and prevent fraud. We explore case studies, get perspectives from organizations including AT&T and KPN, and look at the most compelling reasons for telcos to invest in AI. We hope you’ll find this a useful guide to what’s possible with AI and how you can harness its capabilities to provide exceptional customer experiences.
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ArrePath Gets $20M Seed Financing to Advance ML-based Platform

ArrePath, an anti-infective drug discovery company addressing the global health challenge of drug resistant infections, announced today that it has raised $20 million in seed financing to advance its proprietary, machine learning (ML)-based platform for the discovery of new classes of anti-infectives to overcome antimicrobial resistance (AMR).
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Mobile World Congress 2022: Political and Technical Considerations to Achieve Responsible AI

AI developers must avoid biases that could arise when designing algorithms, Ricardo Baeza, director of research at the Institute of Experiential AI at Northeastern University, has warned. Speaking at the Mobile World Congress in a session organized by the Catalan Data Protection Authority (APDCAT), Baeza stressed the need to avoid biases as well as the indiscriminate use of mass video surveillance with facial recognition.
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Mobile World Congress 2022: How to Deploy and Implement AI Ethically

Artificial intelligence is being implemented across organizations all around the world – bringing vast opportunities but also opening the door to new risks. Nearly 80% of executives have encountered some type of ethical issue in AI, according to Manolo Almagro, managing partner at consulting firm Q Division during a session on ethical AI at Mobile World Congress 2022.
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ECA launches first AI research center in Africa

The United Nations Economic Commission for Africa (UNECA) and the government of Congo have launched a center devoted exclusively to advancing research and growth through artificial intelligence (AI). The African Research Centre on Artificial Intelligence (ARCAI), which was inaugurated on 24 February, is the first AI research center on the continent.
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AI Drug Discovery Startup Insilico Sees Possible IPF Treatment Enter Human Trials

Potential treatments for idiopathic pulmonary fibrosis (IPF) developed by AI drug discovery startup Insilico Medicine have entered human trials. The Hong Kong-based firm entered initial human trials for its IPF drug last November. IPF is a condition in which the lungs become scarred and breathing becomes increasingly difficult.
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AI Roundup: U.S. Air Force and Kraft Heinz’s Plans for AI Plus Other News

AI Business brings readers the latest in deals and products from across the AI world. This roundup covers autonomous fighter jets, lawsuit settlement for Facebook and more! >>> US Air Force and autonomous combat >>> Kraft Heinz and AI: Meatless hotdogs, anyone >>> Amazon, robotics and diversity >>> Facebook’s cookie problem >>> Accenture and the Metaverse >>> ABB robots and Scania batteries >>> Can AI help the jobless? >>> Learning and AI >>> Sanofi, AI and rare diseases
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Insight Partners Announces Completion of $20B+ Fundraise

Global software investor, Insight Partners, today announced the final closing of its twelfth flagship fund, along with a dedicated co-invest fund that will participate in certain investments alongside the flagship fund ("Fund XII" or the "Fund") to invest in global high-growth technology, software and Internet businesses. Fund XII closed with total capital commitments in excess of $20 billion.
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Why a Lack of Cybersecurity Poses an Existential Threat to Your Business

Fundamental security flaws in technical environments could have a massive impact on the global economy. The World Economic Forum (WEF) estimates a successful cyber breach costs, on average, $3.6 million in 2021. The share price of a hacked company underperforms on the NASDAQ by an average of 3% — even six months after the disclosure of a security breach.
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Research: An AI Chip that Can ‘Rewrite’ Itself on Demand

The goal of AI is for machines to develop human-like intelligence in the way it learns and adapts. Now, researchers at Purdue University believe they have taken a step closer to that vision. In a paper published in Science, the researchers unveiled a chip that could “dynamically rewire” itself and take in new data just like a brain does so that the machine keeps learning over time.
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Kintsugi Raises $20M Series A from Insight Partners, Works Towards New Standard for Mental Healthcare

Kintsugi today announced it has raised $20M in Series A funding, bringing the company’s total capital raised to $28M since its inception in 2019. The funding round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from Acrew Capital, Darling Ventures, Citta Capital, Side Door Ventures, Primetime Partners, IT Farm, AngelList Fund, and Alpha Edison.
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Survey: AI and ML Growing in Importance to IT Decision-Makers

AI and machine learning are considered 'mission critical' to business strategies by IT-decision makers, according to new findings from Rackspace Technologies. The Texas-based firm surveyed 1,870 IT decision-makers, with AI and ML outranking cybersecurity (66%), data science (62%) and cloud computing (59%) as a vital resource.
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Clearview AI Wants Facial Data of ‘Almost Everyone’ in the World

Controversial startup Clearview AI has told investors it plans to gather 100 billion facial photos in its database, despite having its technology scrutinized around the world. A financial presentation from the startup, obtained by The Washington Post, sees the startup suggesting that it’ll have enough data within a year to make “almost everyone in the world identifiable.”
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AI in Retail: The State of the AI Software Market

Interest in artificial intelligence has risen dramatically in just the last few years, but AI software is still a small portion of overall software sales. Likewise, adoption rates for AI vary widely by industry. But it is increasingly favored by retailers, both for e-commerce and in-store sales efforts.
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Automate Document Processing with AI

Documents are important—for records, communication, collaboration, and even transactions. Yet millions of times per day, users rely on information that is locked in documents. This is a broad challenge across industries—affecting anyone who sends and receives paper documents, faxes, digital files, and/ or needs to keep records.
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Cognigy Increases Series B Funding to $59M

Insight Partners-backed Cognigy has secured $15 million investment by DTCP earmarked to further accelerate the conversational AI firm’s global growth by expanding its customer base and entering new markets worldwide. The additional round brings the total Series B funding for the Cognigy, global leader in omnichannel customer service automation, to $59 million.
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Investing in Fintech: A Look into 2022

With more than $50 billion in capital commitments across over 200 investments throughout 2021, Insight Partners had a banner year. While we invest in founders across a wide spectrum of businesses, this series focuses on outlining our theses on four verticals that we’re particularly excited about in 2022: artificial intelligence, fintech/crypto, cybersecurity, and healthtech.
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AI eGuide: Find Unhappy Users Before they Complain

Whether your organization is a fast mover or fast follower, the ability to increase your velocity gives you the advantage in shaping business outcomes. When the correct data and models are used, patterns can be discerned, and insight can be unlocked. With this insight comes the confidence to make decisions, communicate them clearly, to move faster...
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Global AI Market to Break $500B Mark as AI Spend up 19.6%

Global revenues for the artificial intelligence (AI) market, including software, hardware, and services, is expected to break the $500 billion mark in 2023. Spending on AI is forecast to grow 19.6% year-over-year to $432.8 billion this year, according to the latest International Data Corporation (IDC) Worldwide Semi-annual Artificial Intelligence Tracker.
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Amplifying procurement transformation with AI

The number of processes, parts, tools and materials required to make everyday materials is astounding. Our survival and comfort relies on vast and fragile interlinking networks, operating without fault. Supply chains – the blood vessels of the globalized world – connect us all. They make so much of modern life possible, but are often anachronistically stuck in the past.
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Tricentis Acquires AI-based SaaS Test Automation Platform

Tricentis, an industry leader in test automation for modern cloud and enterprise applications, announced today the acquisition of Testim, an AI-based SaaS test automation platform. Testim extends Tricentis’ own AI-powered continuous testing platform, and will help the company further simplify test automation, enabling organizations to create resilient end-to-end tests quickly and easily.
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UK Launches Hub to Shape AI Global Standards

The Alan Turing Institute, supported by the British Standards Institution (BSI) and the National Physical Laboratory (NPL), will pilot a new UK government initiative aiming to shape global technical standards for Artificial Intelligence (AI). The new AI Standards Hub, which is part of the National AI Strategy that is backed by the UK’s Department for Digital, Culture, Media and Sport (DCMS) and the Office for AI (OAI), will create...
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Edge Computing: Tech’s Next Trillion-Dollar Opportunity

Even as technology continues to move into the cloud, a simultaneous shift is already underway in the opposite direction as computing increasingly moves to the edge. One key reason: by 2025, the number of connected devices in use is expected to exceed 56 billion units, according to IDC. Edge computing is not a successor to the cloud, but another expansion of technology’s reach that represents an exceptional opportunity for investment and growth.
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Investing in Artificial Intelligence: How MLOps Drives Enterprise AI Wins 

Insight Partners had a banner year in 2021, with more than $50 billion in capital commitments across over 200 investments. While we invest in founders across a wide spectrum of businesses, this series focuses on outlining our theses on four verticals that we’re particularly excited about in 2022: artificial intelligence; fintech; cybersecurity; and healthtech. 
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Deepdub Raises $20M in Series A Funding Led by Insight Partners to Bring AI-based Dubbing Global

Deepdub, the leader in AI-based entertainment localization, today announced that it has raised $20 million in Series A funding led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors Booster Ventures and Stardom Ventures and new investors Swift VC.
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Should We Encourage a Compliance ‘Glass Ceiling’ in AI?

Until now, developments in Artificial Intelligence (AI) have been met with an equal amount of enthusiasm and apprehension by the public. Those in the former camp tend to be from an enterprise background, and see AI as the key to unlocking data insights that can make millions for their business.
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DeepMind unveils AlphaCode, an AI model that can keep up with human coders

DeepMind, Alphabet’s AI subsidiary, has unveiled AlphaCode, an AI-powered code generation engine that it says can rival human coders. The system generates code “at an unprecedented scale” using transformer-based language models. AlphaCode contains 41.4 billion parameters and was trained on various programming languages including Python, JavaScript and Rust from public repositories on GitHub.
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Scale AI Nabs $250M Deal to AI-ready the US Defense Department

Data labeling startup Scale AI has secured a $250 million Blanket Purchase Agreement with the Department of Defense (DOD). The deal would have federal agencies use Scale’s AI platforms to “solve their most critical AI challenges.” Becoming the Defense Department’s Joint Artificial Intelligence Center (JAIC) AI readiness partner, Scale will be tasked with developing test and evaluation capabilities for machine learning, deep learning and neural networks.
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How AI is Changing the Insurance Landscape

In this eBook, created in partnership with EdgeVerve, we explore how AI is changing the insurance landscape. EdgeVerve shares its insights and we investigate subjects including the future of document processing and underwriting.
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ScaleUp Handbook for IPO Readiness

Your leadership team is gathered around a podium. The rest of the company is crowded into meeting rooms and event spaces around the globe. Everyone’s eyes are on the live stream as you count down to one of the most exciting ScaleUp milestones the company has navigated in recent years.
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Tzvia Bader

TrialJectory Raises $20M to Transform the Cancer Care Industry

Trialjectory, the AI-powered decision-support platform for patients, health-care providers and pharma, announced today that it has raised $20 million in a Series A round led by New York-based global private equity and venture capital firm Insight Partners, with participation from new investor JAL Ventures and from existing investors Contour Venture Partners, Rho Capital and TIA Ventures.
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Pecan AI Raises $66M Series C Round to Advance AI Automation in Predictive Analytics

Pecan AI, the leader in AI-based predictive analytics for BI analysts and business users, today announced it has raised $66 million in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from GV (formerly Google Ventures) and existing investors S-Capital, GGV Capital, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners.
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Carlos Moncayo, CEO of Inspectorio

Inspectorio Raises $50M Series B Round to Reinvent the Production Chain with AI-Powered Platform

Inspectorio, the leading cloud-based AI-powered SaaS solution that helps retailers, brands, suppliers and manufacturers manage risk through digitized quality and compliance programs, announced today that the company has raised $50 Million in a Series B Round led by New York-based global private equity and venture capital firm, Insight Partners.
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Vanti Analytics Raises $16M A Round from Insight Partners to Unlock AI at Scale for Manufacturers

Vanti Analytics, the Israeli startup providing AI-based solutions to help manufacturers improve the quality and efficiency of their operations, today announced that it has raised $16 million in Series A funding led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors True Ventures and MoreVC.
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Slim.AI Closes $31M Series A to Automate Best Practices in Software Supply Chain Security for Cloud-Native Applications

Slim.AI, the Boston-based startup focused on optimizing and securing cloud-native applications, announced today that it has raised a $31 million series A round co-led by New York-based global venture capital and private equity firm Insight Partners as well as StepStone Group, with participation by boldstart Ventures, Decibel Partners, FXP, Knollwood and TechAviv Founder Partners.
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The AI software market is beginning to mature – but still has a lot of room to grow

The artificial intelligence (AI) software market has experienced tremendous growth since Omdia first started tracking it in 2016. Back then, the AI software market model covered approximately 100 use cases by industry lines. Today, Omdia’s AI market model forecasts 352 use cases by industry slices, and more are identified and added to each six-month update.
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ScaleUp Guide: Expanding to Asia Pacific

Over the past few years, the markets in Asia Pacific (APAC to some, or APJ, specifically calling out Japan) have expanded at a tremendous rate. With large, growing markets, strong consumer and enterprise demand, and skilled workforces, APJ represents a significant growth opportunity. For this reason, we've complimented our 2019 Go Guide on Expanding to Europe with strategies for jumping into APJ.
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iterative scopes

Iterative Scopes Announces $150M Series B to Advance AI-Driven Precision Medicine for Gastroenterology

Iterative Scopes, a pioneer in the development of precision-based gastrointestinal (GI) disease technologies and software, announced today that it has raised $150 million in Series B financing to accelerate development of its core algorithmic innovations that are designed to transform gastroenterology care for patients.
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Turing Labs

Turing Labs Raises $16.5M to Expand AI-Powered Platform for Product Formulation

Turing Labs, a Software-as-a-Service (SaaS) platform that uses artificial intelligence tools to assist with Consumer Packaged Goods (CPG) formulations, today announced a $16.5 million Series A raise to continue its mission to become the default AI platform for developing breakthrough CPG in record time. 
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BigPanda Raises $190 Million in Funding at $1.2 Billion Valuation

BigPanda, Inc., the leader in AIOps Event Correlation and Automation, today cemented its leadership position in the AIOps market with a new $190 million funding round.
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Relevance AI Raises $3m from Insight Partners to Build a Developer-first Vector Patform

Relevance AI, the Australia based start-up founded in 2020, has introduced a powerful developer-first vector platform to help developers do more with unstructured data and to aid data scientists rapidly experiment with vectors.
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EU Details $2.25 Billion Digital Transition Plan

The European Commission (EC) said it will invest €1.98 billion (US$2.25 billion) to advance its member states’ digital transition. The “main work programme” will focus on investment in the areas of artificial intelligence (AI), cloud and data spaces, quantum communication infrastructure, advanced digital skills, and the wide use of digital technologies across the economy and society, until the end of 2022.
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Landing AI™ Secures Funding to Unlock Power of Small Datasets, Unleashing Next Era of AI

Landing AI, which provides tools that make building and deploying AI systems in manufacturing faster and easier than ever, today announced Series A funding of $57 million led by McRock Capital, the first investment firm focused exclusively on the Industrial IoT.
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The AI Bias

As artificial intelligence becomes more integrated into common technology, is there a risk of embedding biases and inequalities in the tech space? James Pearce investigates.
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