As part of an annual look at global AI investment trends, CB Insights today reports that AI startups raised a record $26.6 billion in 2019 spanning more than 2,200 deals worldwide. That’s compared to roughly 1,900 deals totaling $22.1 billion in 2018 and about 1,700 deals totaling $16.8 billion in 2017.
The reported high in AI investments recorded by CB Insights is in line with analysis by …
AI startups raised record $26.6 billion globally in 2019
January 22, 2020
Artificial intelligence startups appear to be booming. Global venture capital increased 20% in 2019, while acquisitions jumped 24.8% from the previous year.
According to a new report from CB Insights, AI companies raised $26.58 billion across 2,235 deals in 2019, up from…
Machine learning algorithms aren’t just technological novelties relegated to tasks like picking out faces in crowded places. In the enterprise, they can surface patterns and relationships that would otherwise have been missed. To do just that, Outlier.ai’s business…
ServiceNow acquires AI for IT startup Loom Systems
January 22, 2020
ServiceNow today announced that it has acquired Loom Systems to strengthen automated insights for customers using the Now platform in order to help them quickly fix IT issues. Loom Systems CEO Gabby Menachem and some members of the Loom Systems team will join ServiceNow as part of the deal. The financial terms of the sale were not disclosed.
Loom Systems tech will be integrated with ServiceNow’s…
Why the hybrid AI compromise isn’t a solution at all
January 22, 2020
Presented by Ople.ai
In recent years, AI has emerged as an undisputed competitive advantage, which means smart business leaders facing the digital transformation have some really familiar questions: How do you measure success? What questions do you need to ask to ensure…
GTCI: AI offers significant opportunities for emerging markets, but skills are scarce
January 22, 2020
Will the proliferation of AI and machine learning reinforce the worldwide digital divide? It’s one of the questions the Global Talent Competitiveness Index (GTCI) and Global Cities Talent Competitiveness Index (GCTCI) seek to answer by benchmarking the ability of countries…
It’s already possible for robots to navigate without maps, but having them navigate well is another matter. You don’t want them to waste time backtracking, let alone fall down if they bump into an unexpected obstacle. Facebook might have a solution. It recently developed a distributed reinforcement learning algorithm that not only reaches its destination 99.9 percent of the time…
LumApps raises $70 million to fuel development of AI for its workplace collaboration platform
January 22, 2020
LumApps has raised a $70 million round of venture capital as the Paris-based startup seeks to bring more AI and machine learning capabilities to its workplace collaboration platform.
The company’s Social Intranet service is deployed internally by companies with the goal of…
Ever heard of FlyHash? It’s an algorithm inspired by fruit flies’ olfactory circuits that’s been shown to generate hash codes — numeric representations of objects — with superior performance compared with classical algorithms. Unfortunately, because FlyHash uses…
Facebook’s AI learns the relationships between physical places from first-person video footage
January 21, 2020
Computer vision systems generally excel at detecting objects but struggle to make sense of the environments in which those objects are used. That’s because they separate observed actions from physical context — even those that do model environments fail to discriminate between elements relevant to actions versus those that aren’t (e.g., a cutting board on the counter versus a random patch of…
