Exscientia nets $225 million in latest funding round

Exscentia

Exscientia, a clinical stage pharmatech company using artificial intelligence (AI) to design patient-based drugs, announced that it has completed a $225 million Series D funding round. SoftBank Vision Fund 2i led the Series D and was joined by previous round lead investors, Novo Holdings and funds managed by Blackrock. Other investors included Mubadala Investment Company, Farallon Capital, Casdin Capital, GT Healthcare Capital, Marshall Wace, Pivotal bioVenture Partners, Laurion Capital, Hongkou and Bristol-Myers Squibb. In addition, SoftBank is providing an additional $300 million equity commitment that can be drawn at the Company’s discretion.

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Nestle: Driving Innovation through AI and other disruptive Tech

Nestle AI as-a-driver

Nestle uses AI to drive customer experience and business intelligence, recently expanding its AI efforts by introducing a new tool known as ‘Cookie Coach’. Nestle USA launched this virtual bot to provide answers to queries regarding their Toll House chocolate chip cookie recipe. This AI-powered coach, Ruth is a multimodal virtual assistant that uses autonomous animation.

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Symbio Robotics – The Tech behind Ford Motor Company’s AI-enabled assembly line

Symbio

Pioneering the next frontier of manufacturing through a combination of artificial intelligence (AI) and industrial robotics, Symbio Robotics, announced its work with Ford Motor Company to deploy an AI-controlled robot at the automaker’s Livonia Transmission Plant. The robot is programmed and managed with Symbio’s robot-agnostic platform, SymbioDCS, to assemble transmissions for the Bronco Sport, Escape and Edge, to name a few.

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Xenobots: How the world’s First Organic Robots are amphibian, african, and smart

The team used a supercomputer running an evolutionary algorithm — basically ultra-fast trial and error — to find the optimal geometries for the Xenobots so they can efficiently communicate, operate, and heal. Cells are sticklers for coordination and layout, so the Xenobots’ cells must be correctly arranged to function. The algorithm simulates physical activities based on shape, which the Xenobots mimic. Each Xenobot design corresponds to a specific physical task.

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ClosedLoop.ai wins $1.6 million CMS Artificial Intelligence Health Outcomes Challenge

Closedloop AI

ClosedLoop.ai, healthcare’s data science platform, has won the Centers for Medicare & Medicaid Services (CMS) Artificial Intelligence (AI) Health Outcomes Challenge, the largest healthcare-focused AI challenge in history. ClosedLoop beat out more than 300 of the world’s leading technology, healthcare, and pharmaceutical organizations, including IBM, Mayo Clinic, Geisinger, Merck, Accenture, and Deloitte.

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50 popular Developer Communities to keep an eye on in 2021

These developer communities are open-sourced and free to access. They also provide question corners where users can post their doubts and experts will take the chance to answer them. For the past two decades, this has become a main source of information for many application developers. Analytics Insight has listed the top 50 developer communities that are helping programmers in many ways.

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CogniCor has launched three new digital assistant modules

Cognicor

The fintech firm CogniCor has launched three new digital assistant modules that use artificial intelligence to help financial advisors and wealth management firms accelerate their productivity. The modules provide scalable solutions to the “most labor-intensive and time-consuming operational issues” that advisors and other employees at financial firms face and “raise the efficiency and productivity of firms’ internal support functions,” CogniCor said on Thursday.

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A 7-Step procedure for building a Data Science Model

The importance of data science is very clear as it is termed as the sexiest job of the 21st century. Enterprises are deploying AI projects for multiple numerous across different industries. All data science project deployments are built on a clear understanding of the business problem with AI/ML algorithms applied to the problem, which leads to a data science model, addressing the business needs.

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