IBM Expanding AI, ML capabilities in IBM Cloud Satellite through the Cloud Pak for Data Add-On

IBM cloud satellite

With the recent release of its IBM Cloud Pak for Data, IBM is quickly expanding the tools it offers to enterprise customers that want to put their workloads onto IBM’s Cloud Satellite. The IBM Cloud Pak for Data, which became generally available to customers on March 26, is the first major add-on for Cloud Satellite since the nascent service was launched on March 1.

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OCC, CFPB, FDIC, NCUA and Federal Reserve Join in Request for Information on Artificial Intelligence and Usage in Financial Services

Government RFI

Five (5) of the United States federal financial regulatory agencies are gathering insight on financial institutions’ in their use of artificial intelligence (AI), machine learning, NLP, etc.

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Why businesses don’t Deploy Machine Learning (And How to Overcome It)

Human machine

Yet many businesses haven’t adopted machine learning (ML) on any scale. AI requires enormous and expensive leaps of knowledge about data, which itself is often an under-governed, poorly-structured Achilles’ heel.

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Feedzai Gets Another $200M to further expand its Financial Risk AI/ML Management Platform

feedzai

Feedzai, which is based in San Mateo, Calif., and Lisbon, Portugal, received the latest funds from global investment firm KKR, with participation from existing investors Sapphire Ventures and Citi Ventures, according to a March 24 (Wednesday) announcement. With the latest funding round, the company has now raised more than $1 billion from investors to pursue its strategy.

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IBM lauding 40 distinguished Women in AI around the globe for 2021

Women in AI

IBM has named 40 distinguished female technologists to its 2021 Women Leaders in AI list, which highlights women in business who are using IBM Watson to drive AI innovation across companies around the globe. The list, which is part of IBM’s three-year-old Women Leaders in AI Program, includes…

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Reimagine Process Controls with AI to mitigate Operational Risk

AI Risk checks

$900M error at Citi in a process with 6-eye checks shows that more controls do not solve all problems. A ‘maker’ sets up a payment, a ‘checker’ checks it and then an ‘approver’ approves it — all letting the same error slip through, resulting in creditors of a defaulting company, to their delight, getting back their money. Recipients refused to return the money and the judge has decided in their favour.

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AI-powered Trading App benefitting DFIN as IPOs surge to record numbers 

IPO graphic

The number of initial public offerings (IPOs) is setting records month to month and is not seen slowing down anytime soon. Companies raised $167.2 billion through 454 offerings on US exchanges through Dec. 24 in 2020, compared with the previous full-year record of $107.9 billion at the height of the dot-com boom in 1999, according to Dealogic as quoted in a recent account in The Wall Street Journal. 

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Financial Institutions continue to cautiously embrace AI, but more Data Scientists needed

Money graphic

As banks and financial institutions look to expand their use of AI in their operations, having compelling reasons to deploy the technology are now the norm. But a large challenge stands in the way of broadening the use of AI in the industry –  it’s increasingly hard to find enough well-trained data scientists to help banks and financial services companies reach their AI goals.

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C3 AI launching a technology licensing office after getting broad AI software Patent

Patent License Agreement

Enterprise AI software platform vendor C3 AI will begin licensing its model-driven architecture and other technologies later this year after receiving a broad, new “omnibus” U.S. patent for its flagship product, the C3 AI Suite.

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Deloitte’s upcoming Center for AI Computing aims to help customers grow AI use

Cable Board

With AI use continuing to grow in adoption throughout enterprise IT, Deloitte is creating a new Deloitte Center for AI Computing to advise its customers, explain the technology and help them use it in their ongoing business and growth plans. Designed to provide a cloud-accessible accelerated platform that Deloitte clients can […]

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Splice gets $55 million for its software bringing beats from bedrooms to bandstands

Steve Martocci Splice

Splice, the New York-based, AI-infused, beat-making software service for music producers created by the founder of GroupMe, has managed to sample another $55 million in financing from investors for its wildly popular service.

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Sunlight’s AI Hypervisor gains Nvidia GPU support to boost Edge deployments

Edge Computing

Sunlight, the U.K.-based specialist in virtualizing data-intensive applications, announced Nvidia GPU support for its “lightweight” hypervisor designed to boost the performance of edge AI deployments. GPU support for its NexVisor platform would…

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How enterprise AI use will grow in 2021: Predictions from our AI experts

Woman in collage

Among IT executives, leaders, experts and supporters in the field of AI, the opinions and insights vary widely. In this AI 2021 predictions roundup for EnterpriseAI readers, we have gathered the thoughts and comments from a sampling of our experts who shared their thoughts with us on the AI marketplace and coming innovations over the next year. Their conversations are intriguing.

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AI Virtualization and Orchestration Startup Run: AI Captures $30M in Series B Funding

AI Stack of the Future

Upstart AI vendor Run:AI dove into AI by creating Kubernetes-based software to help customers get more production out of their existing AI infrastructure investments. Run:AI’s software is an orchestration and virtualization layer that pools together compute resources so they can be instantly allocated on demand as needed.

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U.S. leads world in AI, but here comes China

USA China Race

The United States is maintaining its early lead over China and the European Union in development and application of artificial intelligence technology, according to a new report from the Information Technology and Innovation Foundation (ITIF). But while the Americans’ lead is still substantial today, China is poised to close the gap, while the EU is largely failing to keep up, the report found.

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Nvidia unveils Certified Server Program offering Pre-Built Servers for AI applications

Nvidia Certified Support

Nvidia today launched a certified systems program in which participating vendors can offer Nvidia-certified servers with up to eight A100 GPUs. Separate support contracts directly from Nvidia for the certified systems are also available. Besides the obvious marketing motives, Nvidia says the pre-tested systems and contract support should boost confidence and ease deployment for those taking the AI plunge. Nvidia-certified systems would be able to run Nvidia’s NGC catalog of AI workflows and tools.

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Trovata.io raises $20 million to aggregate enterprise bank accounts with AI

Banking technology startup Trovata.io today announced it has raised $20 million in a series A round led by Wells Fargo Strategic Capital. The investment will be used to deliver new services and accelerate multi-bank APIs globally, the company says, and to add more bank distribution partners.

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Honing In on AI, U.S. Launches National Artificial Intelligence Initiative Office

To drive American leadership in the field of AI into the future, the National Artificial Intelligence Initiative Office has been launched by the White House Office of Science and Technology Policy (OSTP). The new agency was established under the American Artificial Intelligence Initiative Act of 2020, which was enacted and codified into law to expand many existing AI policies and initiatives throughout the federal government.

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AI to transform Healthcare of the future in the shadow of COVID-19

AI technologies are already in place in many retail stores and other industries, but a July 2020 study by chipmaker Intel Corp. found that 84% of the respondents — made up of 234 senior decision-makers inside U.S. healthcare organizations — have already deployed or expect to deploy AI within their healthcare operations. That’s up from a previous Intel study in 2018, when a little more than one-third of the respondents said they were using or planning to implement AI.

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