Advanced Computing in the Age of AI | Monday, April 19, 2021
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Data annotation and labeling startup Scale AI is taking in another $325 million in new investment, this time through a Series E round. The San Francisco-based company, which was founded in 2016, works to help enterprises annotate or label their stores of data so it can be used more effectively to drive business growth while using their data resources ... Full article
In this monthly feature we bring you up to date on the latest career developments in the enterprise AI community -- promotions, new hires and accolades: Pascal Bornet Aera Technology, a cognitive automation company, appointed Pascal Bornet as its chief data officer. Bornet brings over 20 years of experience, including founding the artificial intelligence and automation practices for McKinsey ... Full article
The rise of precision medicine is being augmented by greater use of deep learning technologies that provide predictive analytics for earlier diagnosis of a range of debilitating diseases. The latest example comes from researchers at Michigan-based Beaumont Health who used deep learning to analyze genomic DNA. The resulting simple blood test could be used to detect earlier onset of ... Full article
AI startups based in Israel have had little difficulty raising venture funding. Some are now following the lead of their U.S. counterparts by going public. Among the first is industrial AI specialist Razor Labs, which also raised $36 million while launching an initial public offering on the Tel Aviv Stock Exchange, operating with the ticker symbol TASE: RZR. It ... Full article
Beauty, it is said, resides in the eye of the beholder. What if that beholder is a machine learning model being trained to describe and classify fine works of art? That’s what AI researchers at Zhejiang University of Technology in China are attempting to find out by comparing the ability of different models trained on a growing list of ... Full article
As barriers to entry are lowered, more companies are looking for ways to accelerate deployment and scaling of machine learning models. That is creating demand for MLOps tools and plug-play models used to accelerate data preparation and model creation. To fill those needs enterprise AI platform vendor LogicPlum Inc. has unveiled an updated platform that automates development of time-series, ... Full article
An open-source AI initiative has come up with a prototype system in the form of a voice-activated backpack that promises to help the visually impaired perceive and navigate their surroundings. The project, which is sponsored by Intel Corp., draws not only on AI hardware and software but also on open-source development kits and critical input from potential users. Those ... Full article
Choosing candidates to hire or admit to a competitive university graduate program can often be a subjective exercise. Resumes, recommendations and test scores aside, evaluators often act upon gut instinct. Given that reality, the evaluation technology company Harqen.AI is rolling out an AI-enabled automation service which the company says makes better decisions about hiring and college admissions than humans. ... Full article
AI developers have been steadily segmenting the booming financial services technology sector with new tools aimed at automating business processes. Among the latest examples are fintech startups applying AI to the drafting and analysis of business contracts, a software service known as contract lifecycle management (CLM). A recent entry, Toronto-based Arteria AI Inc., announced an early funding round this ... Full article
California continues to prepare for another round of wildfires by deploying AI-based early-warning systems designed to spot outbreaks before they become infernos. Sonoma County is the latest to adopt AI technology in the Golden State’s ongoing efforts to monitor and prevent the spread of deadly wildfires that have previously scorched entire towns. County officials announced this week they have ... Full article
The uneven application of AI technology within the healthcare sector appears to be smoothing out as investors increasingly target analytics and AI-based systems for applications like coordinated patient care. Those applications could soon join established AI-based use cases such as medical imaging as market drivers, analysts say. A pair of funding announcements this week underscore how machine learning-based analytics ... Full article
Torch.AI, the profitable startup applying machine learning to analyze data “in-flight” via its proprietary synaptic mesh technology, announced its first funding round along with expansion plans. The Series A round garnered $30 million, and was led by San Francisco-based WestCap Group. As its customer base expands, Torch.AI said Wednesday (March 17) it would use the funds to scale its ... Full article
The combination of AI and no-code software development platforms are accelerating efforts to scale enterprise applications, including data collection, modeling and analysis. Those are among the goals of Noogata, a no-code AI startup targeting enterprise data analytics tools that can be built by non-programmers. The two-year-old startup based in Tel Aviv, Israel, announced a $12 million seed funding round ... Full article
Among the latest iterations of AI software is a category dubbed FlowOps, or Flow Operations, designed to reduce waste in manufacturing while helping to unclog vulnerable supply chains. FlowOps allows manufacturers and other operators to manage workflows from production and inventory management to gauging product demand and maintaining quality control. The latest FlowOps platform, unveiled March 15 (Monday) by ... Full article
One of the world’s largest car makers is mapping out an AI strategy that extends beyond autonomous vehicles to include industrial robots critical to manufacturing as well as automation infrastructure efforts related to smart cities. Toyota AI Ventures, which launched in 2017, is now looking to fund innovative startups working on AI-based systems ranging from spatial intelligence for robots ... Full article
Intel Corp. and deep learning startup Deci are partnering to help enterprises dramatically optimize inferencing and make their deep learning models more efficient and faster using Intel CPUs. The collaboration, which brings together Deci’s algorithmic acceleration technology with Intel chip architectures, aims to make it possible for enterprises to accelerate inferencing speeds by up to 11x at scale, based ... Full article
Coaches and trainers already work hard to help athletes increase their performance in competition, but a new AI-based tool from Intel Corp. is generating critical new data for coaches and trainers that could boost athletic abilities even more. Announced in early 2019, the nascent AI and video-based Intel 3D Athlete Tracking (3DAT) technology is now being piloted for the ... Full article
Nvidia and VMware are bringing together the new Nvidia AI Enterprise software tool suite with VMware’s latest vSphere 7 Update 2 virtualization platform to make it easier for enterprises to virtualize their expanding AI workloads. Nvidia’s (NASDAQ: NVDA) new suite of AI tools and frameworks, which was announced March 9 (Tuesday), is built to run exclusively on VMware’s just ... Full article
As Microsoft continues to develop and bolster its growing collection of semantic search tools and features, the company is expanding their reach into new product lines to deliver cutting edge capabilities to a broader range of customers. This week Azure Cloud is the latest Microsoft platform to get semantic search capabilities, as the company unveiled the arrival of the ... Full article
The integration of AI with robotics applications continues to attract tech investors who presumably sense that machine learning tools can help transform static industrial robots into agile assemblers of different products in varying volumes. The latest example is a collaboration between automated manufacturing giant Fuji America Corp. and Motus Ventures, an early stage investor and “business accelerator” targeting autonomous ... Full article

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