LoanSnap, the self-styled “smart loan” company backed by Richard Branson and ex-NFL quarterback Joe Montana, this week secured $9 million. The company says the funding will be used to further develop its products and expand to additional markets.
It’s estimated that U.S. consumer credit card debt amounts to $1.04 trillion collectively and that high interest rate personal loans cost borrowers…
Nvidia unveils monstrous A100 AI chip with 54 billion transistors and 5 petaflops of performance
May 14, 2020
Nvidia unwrapped its Nvidia A100 artificial intelligence chip today, and CEO Jensen Huang called it the ultimate instrument for advancing AI.
Huang said it can make supercomputing tasks — which are vital in the fight against COVID-19 — much more cost-efficient and…
Traitify (previously Woofound), which taps AI and machine learning to perform job candidate assessments, today announced it has raised $12 million. The bulk of the funds will go toward product R&D, the company said.
Personality assessments often inform hiring decisions.
Researchers have published a study on applying a privacy-preserving AI technique — homomorphic encryption (HE) — to large-scale, genome-wide association studies (GWAS) on genetic and phenotype data. They claim it’s 30 times faster than state-of-the-art approaches while protecting the privacy of subjects the data belongs to. The team is affiliated with startup Duality Technologies, Harvard…
NortonLifeLock Research Group, the R&D division of antivirus vendor NortonLifeLock, today released a browser extension called BotSight that’s designed to detect potential Twitter bots in real time. The team behind it says BotSight is intended to highlight the…
Dathena raises $12 million for AI that monitors and classifies sensitive enterprise data
May 13, 2020
Dathena, a startup employing AI and machine learning to identify and protect sensitive enterprise data, today announced that it secured $12 million in equity financing. The fresh capital follows the opening of the company’s U.S. headquarters in New York City, and CEO…
Uber today announced it will roll out technology to its mobile app to verify whether drivers are wearing a mask. As part of a new checklist designed to ensure drivers have taken safety measures to prevent the spread of coronavirus, the app will apply a computer vision algorithm to drivers’ selfies to detect the presence (or absence) of face coverings. Riders, who won’t be subject to the same…
AI startup Hailo today announced that it’s teaming up with Foxconn and system-on-chip provider Socionext to launch BOXiedge, an edge computing processing solution for video analytics. If the companies’ claims bear out, BOXiedge could deliver “market-leading” energy…
As consumers continue to await affordable augmented reality glasses, the key platforms for AR applications have been smartphones — portable devices that use their screens and cameras to create little windows into a merged real and digital world. Now a developer is using…
Facebook is using more AI to detect hate speech
May 12, 2020
In Q1 2020, 9.6 million pieces of content posted on Facebook were removed for violation of company hate speech policy, the “largest gain in a period of time,” Facebook CTO Mike Schroepfer told journalists today. For context, as recently as four years ago, Facebook removed no content with AI. The data comes from Facebook’s Community Standards Enforcement Report (CSER) report, which says AI…
