Apple has acquired Seattle-based edge AI experts Xnor.ai for a reported $200 million. If you recognise Xnor.ai, it’s likely because the company’s technology once powered the person-detection feature on Wyze’s popular cameras. Xnor.ai abruptly cancelled their contract with Wyze back in November – and now we know why. In layman’s terms, edge computing means the processing is done on-device. On-device computation has significant advantages when it... more Read more »
Built for the investment and acquisition markets, mnAI, a new AI-powered company intelligence platform, has launched in the UK today. mnAI reduces the time it takes companies and individuals to identify and understand relevant businesses from months to minutes. Read more »
Today, Orange (http://www.Orange.com) officially inaugurates the Orange Middle East and Africa operational head office in Morocco in the presence of Stéphane Richard, Chairman and CEO of Orange; Alioune Ndiaye, CEO Orange Middle East and Africa; the members of Orange’s Executive Committee and local officials. Read more »
Smart Eye AB (Nasdaq: SEYE), the market leader in Driver Monitoring Systems, receives one new design wins, from a second Chinese OEM customer. The estimated revenue of the order is MSEK 50, based on forecasts of the estimated product life cycle, the company has now received a total of 57 design wins. Read more »
MioTech announced today that it has closed its Series A+ funding round led by existing investor Horizons Ventures, the private investment arm of Mr. Li Ka-shing. “The financing will be used to recruit more talents and invest in R&D. It will further strengthen MioTech’s data and technology edge, and help MioTech become the industry acknowledged platform for Green Finance and Sustainable Investment in Asia,” said Jason Tu, Co-founder and CEO... more Read more »
As insurance carriers look to technology to meet customer demands at scale, how carriers react to competition and rising customer expectations today will define their success tomorrow. From providing bespoke products, instant customer service and real-time risk monitoring, the likes of AI, machine learning and other innovative technologies are proving the only means through which insurance carriers can meet the high demands of consumers today. Read more »
Icertis, the leading provider of enterprise contract management in the cloud, today announced the winners of Icertis’ AI/ML and Blockchain Hackathon, at the grand finale held in Pune. The winning team’s innovative solution utilized machine learning models to analyze crop distress and weather patterns. It then harnessed blockchain-enabled smart contracts for instant and automated claim settlements to those adversely affected by crop failures and... more Read more »
Peltarion, leading AI innovator and creator of an operational deep learning platform, today released a new report discussing AI decision makers’ understanding of deep learning versus other types of machine learning practices, and examines the barriers preventing them from taking deep learning from ideal to reality. Read more »
Codota, a leading platform for AI-assisted software development, has completed the acquisition of TabNine, a popular code prediction tool. The acquisition creates a comprehensive AI platform for software authoring, as well as the only one which fully supports nearly all popular programming languages - Java, JavaScript, Python, C, HTML as well as many others. Codota’s platform already serves hundreds of thousands of developers every month and the... more Read more »
Codota, a leading platform for AI-assisted software development, has complet Read more »
Onfido, the global identity verification provider, today announced a renewed partnership with European challenger bank, bunq. Onfido will continue to deliver market leading AI-powered identity verification and will expand to provide a fast and seamless user re-authentication solution to bunq users. Scaling AI-enhanced identity verification Read more »
Mexican small business lender Konfio has completed a $100 million funding round led by SoftBank's Latin American fund. Vostok Emerging Finance also supported the funding round along with other existing investors QED and Kaszek Ventures. Founded in 2014, Konfio uses technology, data analytics, and artificial intelligence to provide funding for companies, many without any formal credit history. Read more »
BBVA has added Intel to its roster of partnerships with top tech firms, following similar agreements with Cisco, Red Hat, Salesforce, Amazon Web Services and IBM. The agreement establishing Intel as BBVA’s priority partner is part of a series of strategic, global alliances that the Group is formalising with tech leaders. Read more »
Ever since the true essence of artificial intelligence started to dawn on the world, regional governments and enterprises are seizing the AI opportunity by reaping the maximum benefits from deploying the radically transformative technology. One of South East Asia’s largest markets, Thailand is not far behind in the global race for AI leadership and is starting to double its efforts to drive breakthroughs in AI-based technologies. Read more »
Appian (NASDAQ: APPN) today announced the latest version of the Appian Platform. The new release of the low-code application development platform increases the speed and business impact of low-code automation for developers, administrators, and end-users. Read more »
