The cosmetics market remains as lucrative as ever, if the latest estimates are anything to go by. It’s anticipated to be worth $806 billion by 2023, driven in part by spending on AI in retail, which alone is expected to top $7.3 billion by 2022 thanks to blossoming tech like computer vision.
L’Oréal has its finger on the pulse. Following on the heels of My Skin Track pH, a strip co-developed…
Oral-B, a giant of the tooth-brushing industry, has been making electric toothbrushes for years, incorporating consumer tech trends like smartphone apps and Bluetooth. Every few years, the company takes advantage of the scrum of CES to announce its latest power toothbrush…
Procter & Gamble may be 183 years old, but last year marked its first appearance at CES, the big tech trade show in Las Vegas. The company is appearing today with the same game plan — to make ordinary products better with AI, sensors, and other tech.
At one of the…
The US government’s concerns about Chinese involvement in tech are leading to significant restrictions on AI. The Commerce Department is instituting a rule on January 6th that will require companies to obtain a license if they want to export certain AI-powered geospatial imagery software to other countries besides Canada. Not surprisingly, officials are worried that the technology (which…
The risk of online accounts being compromised increases by the day — and it’s costly. A hacker attacks roughly every 39 seconds, and it’s estimated that 65% of companies have over 1,000 stale accounts. Worse still, the average expense of data breaches is expected to…
This week, VentureBeat published a collection of predictions about where machine learning is heading in 2020 from industry leaders like PyTorch creator Soumith Chintala, IBM Research director Dario Gil, Nvidia machine learning research director Anima Anandkumar, and Google…
U.S. government limits exports of AI software
January 4, 2020
(Reuters) — The Trump administration took measures on Friday to crimp exports of artificial intelligence software as part of a bid to keep sensitive technologies out of the hands of rival powers like China. Under a new rule which goes into effect on Monday, companies that export certain types of geospatial imagery software from the United States must apply for a license to send it overseas…
ProBeat: AI startups raised fewer funding rounds in 2019
January 3, 2020
2019 is over, and while we’re already looking forward to AI in 2020, there’s still plenty to say about the past year. While funding news isn’t as critical to our coverage here at VentureBeat as it once was, we do still follow the money for transformative tech.
Amazon researchers propose new AI techniques for calculating inflation and improving randomized trials
January 3, 2020
Amazon says it’s applying AI and machine learning to calculate inflation rates — and to examine the design of randomized trials and experiments. In a pair of academic papers being presented at the 2020 meeting of the American Economic Association in San Diego, scientists…
Millions of car owners in the U.S. have yet to secure automotive insurance of any kind, which isn’t surprising considering the average policy costs a sky-high $1,099 annually. Recent estimates peg the share of uninsured drivers at 13% nationally, or one in eight drivers, with Florida topping the list by state at 26.7%.
It’s what led Derek Brigham and Kyle Nakatsuji, former colleagues at…
