AI & RoboticsNews

Instacart acquires smart checkout startup Caper AI for $350M

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Instacart today announced that it acquired Caper AI, a startup developing technologies to automate brick-and-mortar checkout experiences, for approximately $350 million in cash and stock. With the purchase, Instacart says that it aims to help retailers “unify in-store and online…
Read more
AI & RoboticsNews

Data intelligence provider Alation acquires AI insights company Lyngo Analytics

Enterprise data intelligence solution provider Alation Inc. has announced the acquisition of data insights and AI vendor, Lyngo Analytics. This deal will enable Alation to scale its data intelligence offerings, help companies to drive their data culture, and elevate the business user experience. Lyngo Analytics’ natural language interface enables users to ask simple, business-focused questions…
Read more
AI & RoboticsNews

The ROI of AI: Will it deliver real value?

The enterprise sector is poised to start spending top-dollar on AI next year, but perhaps the most salient question has yet to be answered: Is this going to make money, or just cost money? The fact remains that there is still a lot of misunderstanding as to what AI actually…
AI & RoboticsNews

AI Weekly: AI model training costs on the rise, highlighting need for new solutions

This week, Microsoft and Nvidia announced that they trained what they claim is one of the largest and most capable AI language models to date: Megatron-Turing Natural Language Generation (MT-NLP). MT-NLP contains 530 billion parameters — the parts of the model learned from historical data — and achieves leading accuracy in a broad set of tasks, including reading comprehension and natural…
Read more
AI & RoboticsNews

Report: 80% of consumers prefer to speak with AI to avoid long hold times

A new survey conducted by Replicant found that nearly 80% of consumers indicated they would prefer to speak with a virtual agent or machine to avoid long hold times. Moreover, 57% of consumers would speak with conversational AI even if the hold time was only five minutes. Beyond consumers’ willingness to speak with AI, the survey found pervasive customer service problems, with 91% of consumers…
Read more