Pye AI

AI drives data analytics surge, study finds

Enterprise managers have an insatiable need for better analysis of ever more data, and the pandemic has only intensified the quest. That is among the conclusions of a recent report from analyst firm 451 Research. “Trends in Data, AI and Analytics, 2021” surveyed a wide range of enterprise IT shops and found that many were increasing their investment in collecting data and generating better analysis. As a result, AI analytics is bringing new life to data analytics tooling.

Intuit launches new Accelerator for AI-focused Startups

3 months ago3 months ago AIT News Desk

Intuit Inc. a leading global financial platform company known for products such as TurboTax, QuickBooks, Credit Karma and Mint, and Highline Beta, a venture studio and venture capital firm, today announced the launch of the Intuit Prosperity Accelerator: AI. The new five-month program aims to leverage the power of artificial intelligence (AI) to advance the financial prosperity of consumers and businesses in North America.

Why AIOps is critical for Pandemic business recovery

3 months ago3 months ago Sean McDermott

Artificial intelligence for IT operations (AIOps) is the solution many businesses need to free up resources and return their focus to innovation. The data speaks for itself—the AIOps market was valued at $13.51 billion in 2020 and is expected to grow by more than 200% to $40.51 billion over the next five years. AIOps presents several benefits to enterprises, like automating mundane tasks, providing actionable reporting and improving risk management.

Conversational AI Startup Botco.ai Scales Immunization Record-Checking Chatbot

4 months ago3 months ago Eric Hal Schwartz

Botco.ai is expanding the reach of its immunization health-focused chatbot, Athena, to more of the United States. The startup is scaling up its partnership with STChealth and its vaccine information exchange network, the largest in the country.

Interactio, a remote interpretation platform, grabs $30M after seeing 12x growth during COVID-19

4 months ago3 months ago Natasha Lomas

Interactio, a remote interpretation platform whose customers include massive institutions like the United Nations, European Commission and Parliament along with corporates like BMW, JP Morgan and Microsoft, has closed a whopping $30 million Series A.

Smart Investors support Enterprise AI that creates jobs and helps employees

4 months ago4 months ago By Pradyut Shah

Entrepreneurs and investors regularly dismiss claims that artificial intelligence will replace people in the workplace. AI needs humans to function, they say, and AI doesn’t want to take the place of workers. This response rings hollow to critics, however, because the assumption remains that humans become an afterthought once leaders broadly deploy AI within an organization. And nobody, critics argue, should lead or invest in a business that puts people second.

[Report] Fintech Assets experiencing increased demand as Big Data, AI, Data Analytics, Automation “Aggressively Disrupt” Sector

4 months ago4 months ago Omar Faridi

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook, noted in the report that 8,753 deals closed during Q1 2021 for “a total of $917.7 billion.”

Worksome pulls $13M into its high skill freelancer talent platform

4 months ago4 months ago Natasha Lomas

More money for the now very buzzy business of reshaping how people work: Worksome is announcing it recently closed a $13 million Series A funding round for its “freelance talent platform” — after racking up 10x growth in revenue since January 2020, just before the COVID-19 pandemic sparked a remote working boom. The 2017 founded startup, which has a couple of ex-Googlers in its leadership team, has built a platform to connect freelancers looking for professional roles with employers needing tools to find and manage freelancer talent.

Huma, which uses AI and biomarkers to monitor patients and for medical research, raises $130M

4 months ago4 months ago Ingrid Lunden

Huma, which combines data from biomarkers with predictive algorithms both to help monitor patients, and uses the same technology to help researchers and pharmaceutical companies run clinical trials, has closed an equity round of $130 million, a Series C that the company can extend to $200 million by way of a $70 million debt line if it chooses.

Kry closes $312M Series D after use of its telehealth tools grows 100% yoy

5 months ago5 months ago Natasha Lomas

Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and will be used to keep stepping on the growth gas in the region.

IBM, Cleveland Clinic Begin 10-Year AI, Quantum, Cloud Partnership to Boost Clinical Research

6 months ago6 months ago Todd R. Weiss

Fueled by the need for faster life sciences and healthcare research, especially in the wake of the deadly COVID-19 pandemic, IBM and the 100-year-old Cleveland Clinic are partnering to bolster the Clinic’s research capabilities by integrating a wide range of IBM’s advanced technologies in AI, quantum computing and the cloud.

Major flaws found in machine learning for COVID-19 diagnosis

6 months ago5 months ago Khari Johnson

Is AI getting used responsibly in health care? A coalition of AI researchers and health care professionals in fields like infectious disease, radiology, and ontology have found several common but serious shortcomings with machine learning made for COVID-19 diagnosis or prognosis.

KPMG: AI adoption is accelerating in the pandemic

6 months ago6 months ago Michael Vizard

A survey published by KPMG today suggests that a large number of organizations have increased their investments in AI during the pandemic to the point that executives are now concerned about moving too fast. In fact, most of the survey respondents cited a definite need for increased AI regulation.
The survey covered 950 business decision-makers and/or IT decision-makers with at least a moderate amount of AI knowledge at companies with more than $1 billion in revenue.

Supply chains are having a moment

7 months ago6 months ago Brian Aoaeh

We are on the cusp of a golden age of technology-led innovation in supply chain. President Joe Biden issued an Executive Order on America’s Supply Chains on Feb. 24, in which he stated, “More resilient supply chains are secure and diverse — facilitating greater domestic production, a range of supply, built-in redundancies, adequate stockpiles, safe and secure digital networks, and a world-class American manufacturing base and workforce.

How Artificial Intelligence can slow the spread of COVID-19

7 months ago6 months ago Anonymous

A new machine learning approach to COVID-19 testing has produced encouraging results in Greece. The technology, named Eva, dynamically used recent testing results collected at the Greek border to detect and limit the importation of asymptomatic COVID-19 cases among arriving international passengers between August and November 2020, which helped contain the number of cases and deaths in the country.

Saltmine raises $20 million to automate office space design

7 months ago6 months ago Kyle Wiggers

Commercial office space planning startup Saltmine today announced that it raised $20 million and formed a strategic partnership with real estate firm JLL. Saltmine, whose customers include Snowflake and Workday, says it plans to put the funding toward advancing its platform and expanding its global workforce.

Can COVID Report verification become a more streamlined process with AI?

7 months ago7 months ago Emily Daniel

Amid the novel Coronavirus, one cannot help but worry about its spread while traveling. So, governments and healthcare providers have come up with a plan to verify the identities of customers along with their COVID reports. There are varying degrees of restrictions put in effect in many countries; for instance, the United Kingdom, France, Germany, Italy, and Greece pay heed to the same problem. The crux of these new regulations is …

AI Tool emerges to accelerate COVID-19 Vaccines that battle new virus mutations

7 months ago7 months ago George Leopold

A growing list of global COVID-19 variants is prompting disease researchers to employ AI models trained using bioinformatics data to speed up vaccine development in the critical search to find improved vaccines that can effectively fight the virus mutations.

Nuance acquires Medical Voice Assistant Startup Saykara

7 months ago7 months ago Eric Hal Schwartz

Nuance announced that it had acquired healthcare artificial intelligence startup Saykara for an undisclosed sum. The acquisition will bring the tech underlying Saykara’s voice assistant for doctors to Nuance’s conversational AI fro medical professionals, specifically the ambient clinical intelligence (ACI) designed to reduce doctor burnout.

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