Hyperautomation puts focus back on creating Business Value

Hyper automation

It has been commonplace for the IT industry to tout the mantra of automating everything for some time. The cloud has accelerated that imperative for automation more than ever before. Yet, many organizations still have no strategy for how they will use automation within the business.

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Follow the Money August 2021: 67 funded Machine Learning companies

Follow the money - August-1

August 2021 latest funding of artificial intelligence, machine learning, robotics, and innovation companies.

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Xerox-backed field service startup CareAR raises $10M

Care AR

Customer expectations and needs are on the rise, exacerbating the challenge for companies facing a higher volume of customer requests during the pandemic. The issue is acute in field service work, where employees have to work on equipment with varying technical specifications — often in confined, bandwidth-constrained, and hard-to-reach spaces. In a recent survey by The Service Council, over 90% of field workers said that more knowledge is required to service modern products while nearly 70% said that products are more complex today.

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SAP acquires AI HR Platform

Sap

SAP acquired the intellectual property (IP) of Oakland, California-based SwoopTalent, the maker of an AI-powered platform for the human resources talent life cycle, according to SAP this month. SwoopTalent’s founders and several its engineering employees will join the team of SAP SuccessFactors. SwoopTalent’s co-founders are Stacy Chapman and Satish Sallakonda, according to LinkedIn. SAP and SwoopTalent did not disclose the terms of the deal.

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Research as a service provider Atheneum raises £110 million

Atheneum

On-demand market research and intelligence service Atheneum has raised £110 million in a funding round led by Guidepost Growth Equity. Experiencing a surge of demand in 2020, the new funding is expected to quadruple the London office headcount to 200 employees, as well as push forward global expansion plans, beginning with the US.

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[Paper] 100+ Sandford Researchers publish 200+ page Paper on the AI paradigm shift introduced by Large-Scale Models

The emergence in recent years of large-scale pretrained models such as BERT, DALL-E, GPT-3, etc., has brought a paradigm shift to the AI community. These large-scale models have become ubiquitous in areas such as computer vision, natural language processing (NLP), robotics, inference and search, and continue to “grow wild.”

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The role of Artificial Intelligence and Robotics in Space Exploration and future prospects

Space exploration

The secrets of space and its undiscovered regions have long captivated us. However, thanks to advances in artificial intelligence technologies, we can now explore space in more depth than ever before. Artificial intelligence plays an important role in a variety of elements of space travel. It may be used for a wide range of operations, from high-level decision-making to low-level data processing and everything in between.

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[Paper] Google Researchers enable Transformers to solve compositional NLP Tasks

Compositional generalization is the capacity to understand and produce novel combinations of known language components to make “infinite use of finite means.” While this is second nature for humans, classical AI techniques such as grammar or search-based systems have also demonstrated this ability in the field of natural language processing (NLP). State-of-the-art deep learning architectures such as transformers however struggle with capturing the compositional structures in natural language, and thus fail to generalize compositionally.

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Top 10 Leading Universities in AI Research

The best master’s level curriculum in this subject is a Master of Science in Artificial Intelligence. MSc in Artificial Intelligence programs are available at a number of prominent universities across the world. Earning a master’s degree in Artificial Intelligence while studying overseas is a good alternative since the scope and breadth of study courses are exceptional and wide. Here is our list of top countries to pursue a Master in Artificial Intelligence:

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[Paper] MIT & Google Quantum Algorithm trains wide and deep Neural Networks

Quantum algorithms for training wide and classical neural networks have become one of the most promising research areas for quantum computer applications. While neural networks have achieved state-of-the-art results across many benchmark tasks, existing quantum neural networks have yet to clearly demonstrate quantum speedups for tasks involving classical datasets. Given deep learning’s ever-rising computational requirements, the use of quantum computers to efficiently train deep neural networks is a research field that could greatly benefit from further exploration.

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Where is the ROI in Artificial Intelligence deployments?

Miniature robots

Anyone with any doubts about the interest in AI and its use across enterprise technologies only needs to look at the example of the Intelligent Document Processing (IDP) market and the kind of verticals that are investing in it to quash those doubts. According to the Everest Group’s recently published report, Intelligent Document Processing (IDP) State of the Market Report 2021 (purchase required) the market for this segment alone is estimated at $700-750 million in 2020 and expected to grow at a rate of 55-65% over the next year. 

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IoT, AI and ML services to grow by US$3.6 billion till 2026

AI, IOT Market

Research by ABI showed that artificial intelligence and machine learning are expected to grow within the Internet of things domain by US$3.6 billion by the end of 2026. Since IoT analytics are about to converge with the big data domain, the value in the technology is predicted to shift beyond hardware to analytics adding value to the services. The report states that Covid-19 didn’t have any negative impacts on the IoT data analytics but has been advantageous to the emerging cloud-native data-enabled analytics.

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[Paper Summary] ‘QuanTaichi’ Quantized Simulation: High Visual Quality With Reduced Memory Cost

High-resolution simulations can provide the great visual quality demanded by today’s advanced computer graphics applications. However, as simulations scale up, they require increasingly costly memory to store physical states, which can be problematic, especially when running on GPUs with hard memory space limits.

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Coventry-based biotech grabs £6.2M funding to develop its novel biologic delivery platform

n-Syrinx

Coventry-based biotech, NanoSyrinx has raised a further £6.2m of seed financing, co-led by incoming Octopus Ventures and existing investor M Ventures (Amsterdam, The Netherlands), the corporate venture capital arm of Merck KGaA. Previous investors BioCity and the UK Innovation & Science Seed Fund (UKI2S) joined the funding round along with experienced deeptech investor IQ Capital and Jonathan Milner. The round was significantly oversubscribed with high demand both from existing and from new investors.

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Is artificial intelligence the most powerful thing that humans have ever created?

Artificial Intelligence

Artificial intelligence (AI) is shaping the future of nearly every human being on the planet. Artificial Narrow Intelligence (ANI) is now a reality, and researchers are now focusing on Artificial General Intelligence (AGI) and Artificial Super Intelligence (ASI) that is beyond human level.

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10 best Stock Market Datasets for Machine Learning

With the rise of cryptocurrencies around the world, there are now more ways than ever for people to invest their money. However, it’s not as simple as buying low and selling high. If you could accurately predict the stock market, you’d be one of the richest people on earth. As a result, there have been previous studies on how to predict the stock market using sentiment analysis. For those of you looking to build similar predictive models, this article will introduce 10 stock market and cryptocurrency datasets for machine learning.

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Achieving digital transformation through RPA and process mining

Finger key

Alp Uguray is an award-winning technologist, adviser and investor with 2x UiPath (MVP) Most Valuable Professional Award and is a globally recognized expert on intelligent automation, AI (artificial intelligence), RPA, process mining and enterprise digital transformation.

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