Sep
13
2017
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The director of Baidu’s Silicon Valley AI Lab has departed

 Adam Coates, director of Baidu’s Silicon Valley AI Lab, has left the company. A source confirmed the exit and Coates has updated his LinkedIn reflecting the change. Coates joined the Chinese search giant back in May of 2014 to lead a California-based team of 50 machine learning developers. Baidu has built up an established proficiency in natural language processing. While at Baidu,… Read More

Sep
07
2017
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Canvas’ robot cart could change how factories work

We stopped by Andy Rubin’s Playground in Palo Alto to check out a new autonomous cart from Canvas Technologies. The startup aims to replace existing fixed and expensive factory infrastructure, like conveyor belts, with its lightweight and adaptable computer-vision-powered cart. Read More

Aug
29
2017
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Meltwater acquires Algo, an AI-based news and data tracker

 Meltwater, a company originally founded in Norway that provides data to more than 25,000 businesses to track where and how they are mentioned in media and other public platforms, has acquired a startup to double down on how it uses machine learning and artificial intelligence to do its job. The company has acquired Algo, a startup that has built a data analytics platform for real-time… Read More

Aug
22
2017
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Microsoft Brainwave aims to accelerate deep learning with FPGAs

 This afternoon Microsoft announced Brainwave, an FPGA-based system for ultra-low latency deep learning in the cloud. Early benchmarking indicates that when using Intel Stratix 10 FPGAs, Brainwave can sustain 39.5 Teraflops on a large gated recurrent unit without any batching. Read More

Aug
07
2017
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IBM touts improved distributed training time for visual recognition models

 Two months ago, Facebook’s AI Research Lab (FAIR) published some impressive training times for massively distributed visual recognition models. Today IBM is firing back with some numbers of its own. IBM’s research groups says it was able to train ResNet-50 for 1k classes in 50 minutes across 256 GPUs — which is just the polite way of saying “my model trains faster than… Read More

Aug
01
2017
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LogMeIn acquires chatbot and AI startup Nanorep for up to $50M

 LogMeIn, the company that provides authentication and other connectivity solutions for those who connect remotely to networks and services, has made another acquisition to expand the products it offers to customers, specifically in its new Bold360 CRM platform, launched in June. The company has picked up Nanorep, a startup out of Israel that develops chatbots and other AI-based tools to… Read More

Jul
20
2017
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Freshdesk owner Freshworks acquires Joe Hukum as it plans a move into chatbots

 After raising $55 million last year to build its business beyond its existing help desk services, today Freshworks (the parent company of Freshdesk) has made an acquisition to help it fill out that strategy. The company has acquired Joe Hukum, a startup out of India that offers a platform for businesses to build their own chatbots. I’ve asked, but the companies are not revealing any terms… Read More

Jul
12
2017
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Gong, an AI-based language tool to help sales and customer service reps, nabs $20M

 As artificial intelligence continues its spread into all aspects of computing, many believe that it will be the next big frontier in CRM. Today a startup called Gong.io underscores that trend: the Israeli startup, which has built a tool that uses natural language processing and machine learning to help train and suggest information to sales people and other customer service reps, has raised a… Read More

Jul
10
2017
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More funding for AI cybersecurity: Darktrace raises $75M at an $825M valuation

Digital security key concept background with binary data code With cybercrime projected to reap some $6 trillion in damages by 2021, and businesses likely to invest around $1 trillion over the next five years to try to mitigate that, we’re seeing a rise of startups that are building innovative ways to combat malicious hackers.
In the latest development, Darktrace — a cybersecurity firm that uses machine learning to detect and stop attacks… Read More

Jun
15
2017
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Entelo steps up its AI game with $20M Series C 

 The race to crown a winner in the AI-powered recruiting software space is on. With both Workey and Mya nabbing rounds in the last few weeks, the timing is prime for a few players to seek advantage in the form of growth capital. This seems to be exactly what Entelo, a six year old player in the space, is doing. The company is announcing a $20 million Series C round of financing today led by U.S. Read More

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