Using Artificial Intelligence to transform an Industry? Nominations for the 2021 AI 50 list are open

Artificial intelligence technology is powering change across all industries, but it’s not always easy to separate the companies with truly transformative applications from marketing hype. That’s why Forbes annually compiles an annual list of the most promising startups emerging as leaders in this space.

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AI: Fact versus Fiction

AI adoption inside U.S. companies  is soaring, with a recent PwC study concluding that 86 percent of 1,032 IT respondents believe that AI will be a mainstream technology for their companies in 2021. The problem, though, is that under closer inspection, some AI is nothing more than marketing hype once you look under the hood. For CIOs looking to integrate AI, what they need is a way to evaluate if an AI product or service is actually harnessing the power of AI– or if it’s a mirage.

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Bolt raises $75 million to fight ecommerce fraud with machine learning

The checkout platform Bolt — not to be confused with the blockchain startup Bolt Labs, the hardware investor Bolt, or the ride-sharing firm formerly known as Taxify — today announced that it recently closed a $75 million funding round. The infusion comes after a year during which Bolt processed over $1 billion in retail transactions, saw a 10 times uptick in the size of its shopper network, and added more than 250,000 shoppers to its network every month.

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OneTrust raises $300 million to automate data governance and compliance

OneTrust today announced it raised $300 million at a $5.1 billion valuation. The company says the round will be put toward product R&D as it looks to expand its sales, marketing, and engineering teams worldwide.

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Building AI Brain Trust for Board Directors and CEO’s – Blog Series

Did you know that 80% of AI research never achieves the last mile, which is very worrisome given the trillions of investment dollars flowing into this industry. This blog drills down to explain curiosity (experimentation) which is one of the most significant Emotional and Social Intelligence skills in building an AI Leadership Brain Trust – whether its’ in your recruitment practices or in your skill development practices, creating a culture where curiosity capacity is nurtured and treasured is key.

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