Equifax will pay $640 million for Kount’s AI-driven identity and fraud prevention tools

Equifax today announced that it would pay $640 million to acquire Kount, a company that uses artificial intelligence to drive its fraud prevention and digital identity services. In a press release, Equifax executives said the deal would allow the company to further expand into these markets. Kount uses AI to analyze 32 billion transactions across 17 billion devices. As the system builds its intelligence, it is shifting from only analysis to predictive modes with the goal of helping companies prevent digital fraud.

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Intel launches RealSense ID for on-device facial recognition

Intel today launched the newest addition to RealSense, its product range of depth and tracking technologies designed to give machines depth perception capabilities. Called RealSense ID, it’s an on-device solution that combines an active depth sensor with a machine learning model to perform facial authentication.

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Machine Learning: Automated DevOps and threat identification

Machine Learning (ML) and Artificial Intelligence (AI) is a technology that is still finding its footing in the commercial sector. Although few systems are touted as a complete solution, there are many new AI/ML based companies that are capitalising on the benefits, and traditional business will need to follow suit. ML Ops, the ML equivalent of DevOps will become increasingly important.

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Goldman Sachs leads acquisition of bot mitigation company White Ops

White Ops, a fraud detection platform that protects enterprises and online platforms from automated attacks, announced it has been acquired by Goldman Sachs’ merchant banking division, in partnership with ClearSky Security and NightDragon. This news follows an investment the trio made in White Ops in May.

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Dubber acquires Speik to expand its AI call-recording service

Dubber Corporation Ltd., a provider of unified call recording and analytics software based in Australia, revealed that it’s acquiring Speik, a U.K.-based maker of call recording software that complies with Payment Card Industry (PCI) security mandates. Valued at $38 million, the deal is part of Dubber’s effort to create a widely available cloud-based voice recording service infused with machine learning algorithms.

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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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Adversarial Machine Learning and its role in fooling AI

Can you fool Artificial Intelligence? – No? – Think again. Three years ago, Apple launched IphoneX with cutting-edge facial recognition technology. This advanced AI technique (Face ID) replaced the old fingerprint recognition technology (Touch ID). The latest technology claimed to be more secure and robust. However, shortly after the launch of Face ID, researchers from Vietnam breached it by designing a 3D face mask. 

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AI in Fintech, Technology and Academia is focus of Nascent U.S. Tech Council

Finding ways to bring AI more deeply into the business worlds of fintech, technology and academia is the mission of the new National Council for Artificial Intelligence (NCAI).

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Why Intel believes confidential computing will boost AI and machine learning

Companies are collecting increasing amounts of data, a trend that is driving the development of better analytical tools and tougher security. Analysis and security are now converging as confidential computing prepares to deliver a critical boost to artificial intelligence. Intel has been investing heavily in confidential computing as…

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Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI

Forter, an automated fraud detection platform for ecommerce, has raised $125 million in a series E round that values the company at over $1.3 billion. The raise comes as ecommerce transactions surge under pandemic-driven lockdowns. But the throngs of people jumping online to shop have opened the floodgates to fraud. Recent data suggests digital fraud attacks have doubled in 2020, while the U.K. reported that financial fraud attempts rose by up to a third as the country entered lockdown.

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ControlUp raises $27 million to apply AI to remote machine monitoring

ControlUp leverages AI to help IT teams remediate problems with on-premise, hybrid, and cloud infrastructure. Today, the company raised $27 million in funding to expand its platform for monitoring user experiences for office and work-from-home deployments.

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How The Trevor Project uses AI to help LGBTQ+ youth and train its counselors

The Trevor Project, a nonprofit organization focused on ending suicide among LGBTQ+ youth, is using artificial intelligence to better meet its mission. Over the past couple of years, the organization has used natural language processing (NLP) to expedite and improve its volunteer training and to triage incoming calls. The group’s AI team has dealt with common language issues in unique ways and is currently working to significantly expand its volunteer training capabilities and offer its services to more youth around the world.

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IBM acquires Instana for its AI-powered app performance monitoring

IBM today acquired Instana, a German-American software firm that specializes in developing application performance management software. The acquisition represents IBM’s continued investment in hybrid cloud, big data, and AI capabilities. Terms of the deal weren’t disclosed.

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Deepfence nabs $9.5 million to build AI shields for cloud workloads

Deepfence, a startup developing a cybersecurity platform focused on protecting cloud-native workloads, today nabbed $9.5 million in funding. The 10-employee company says this investment follows a year in which its revenues and customer base more than doubled.

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FMC raises $20 million to mass-produce ferroelectric computer memory

The Ferroelectric Memory Company (FMC), a startup developing ferroelectric memory technologies, raised $20 million to fund its international expansion to U.S. and Asian markets and accelerate commercialization of its products for AI, internet of things (IoT), edge, and datacenter applications. The company credits “strong interest” from companies for the capital infusion, including “major” semiconductor manufacturers as well as foundries in Europe.

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Menlo Security raises $100 million to beat back malware with algorithms

Menlo Security, a provider of endpoint-free cloud solutions that protect organizations from cyberthreats, today raised $100 million at an $800 million valuation. The company says the funds will be put toward go-to-market efforts, sales, and global expansion.

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