More than three-quarters of companies say that they have AI models that never come into use. For 20% of companies, the numbers look even worse, with only 10% of their models making it into production.
That’s according to a new survey commissioned by Run:AI, which found that infrastructure challenges are causing resources to sit idle at companies investing in AI. “[I]f most AI models never make…
Robotics-powered ‘microfulfillment’ startup Fabric raises $200M
October 26, 2021
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Fabric, a startup developing a “microfulfillment” automation platform for retailers, today announced that it raised $200 million in series C funding led…
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Cisco today unveiled updates across its Webex portfolio of communications products, including an integrated asynchronous camera feature, AI-powered sound…
AI-powered spend management platform Yokoy secures $26M
October 26, 2021
Spend management platform Yokoy today announced that it raised $26 million in series A financing from Left Lane, with participation from prominent European investor Balderton Capital. The Zurich, Switzerland-based company says that it’ll use the new funding — which brings its total raised to $27.1 million — to expand across the U.S., Europe, and other regions around the world while enhancing…
AI Weekly: The intractable challenge of bias in AI
October 26, 2021
Last week, Twitter shared research showing that the platform’s algorithms amplify tweets from right-of-center politicians and news outlets at the expense of left-leaning sources. Rumman Chowdhury, the head of Twitter’s machine learning, ethics, transparency, and…
Utilizing AI to improve mass transit
October 26, 2021
Of all the ways AI is expected to improve modern life, perhaps none is more intriguing than its impact on mass transit. The pandemic will not last forever. So, at some point, people around the world will once again need to move from place to place quickly, efficiently, and…
Chatbots have a checkered past of often not delivering the performance their providers have promised. This is especially true in the IT service management (ITSM) and multilingual NLP spaces, where service desks found support teams deluged with complaints — yes, about the support chatbots.
Just getting English language nuance right and how enterprises communicate often require chatbots to be…
4 things VCs get wrong about AI
October 24, 2021
VCs have a detailed playbook for investing in software-as-a-service (SaaS) companies that has served them well in recent years. Successful SaaS businesses provide predictable, recurring revenue that can be grown by acquiring more subscriptions at little additional cost…
Mailchimp employs AI to boost email marketing campaigns
October 22, 2021
Earlier this month, Mailchimp released Content Optimizer, a new product that uses artificial intelligence to help improve the performance of email marketing campaigns.
Thanks to its vast trove of data, Mailchimp is in a unique position to discover common patterns of…
Medtronic, the world’s largest medical device company, is significantly increasing its investments into AI and other technologies, in what it says is an effort to help the health care industry catch up with other industries.
While many other industries have embraced technology, health care has been slower. Studies reveal that only 20% of consumers would trust AI-generated health care…
