Global tech industry supports UK artificial intelligence sector with $1.4bn

Businessam StaffApril 26, 2018

A group of international tech firms and venture capitalists injected almost £1 billion ($1.4 billion) into the U.K.’s artificial intelligence (AI) industry on Thursday. The deal was backed by Japanese venture capital firm Global Brain, Canadian venture capital firm Chrysalix, U.K. automaker Rolls-Royce, the British government, and other investors. The investment will be used to […]

Retail firms leapfrog banks in global AI spend with projected $3.4bn in 2018

Goddey OdinApril 2, 2018

Investment in Artificial Intelligence (AI) by retail companies is seen surging to $3.4 billion by yearend, according to International Data Corporation (IDC), a research firm, indicating that retailers would be the main driver for AI worldwide in 2018 ahead of banks, the top spenders in the last five years. IDC said the sheer market size […]

France to become AI hub, gets boost from DeepMind, Samsung, Fujitsu

Businessam StaffMarch 30, 2018

The French government unveiled a new strategic initiative Thursday that seeks to make the country a world leader in artificial intelligence without compromising its notions of privacy and security. The outlined proposals got a lift from a series of related corporate announcements, including plans by Google’s DeepMind and Samsung for new Paris labs and Fujitsu’s […]

Google unveils more realistic text-to-speech service by DeepMind’s AI

Businessam StaffMarch 28, 2018

Google is launching a new AI voice synthesiser as part of its suite of machine learning cloud tools. The service, named Cloud Text-to-Speech, will be available for any developer or business that needs voice synthesis on tap, whether that’s for an app, website, or virtual assistant. But what’s particularly interesting about this news is that […]

Elon Musk in talks with Israeli AI vision firm Cortica- report

Businessam StaffMarch 20, 2018

Elon Musk, Silicon Valley billionaire was in Israel to discuss a collaboration between electric car company Tesla Inc. and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday. The discussions with Cortica could lead to an investment or even an acquisition, Globes said, according to Reuters. Cortica says its technology enables self-driving […]

IBM rolls out deep learning as a service for AI developers

Businessam StaffMarch 20, 2018

IBM Tuesday announced the launch of its new Deep Learning as a Service (DLaaS) program for AI developers. With DlaaS, users can train neural networks using popular frameworks such as TensorFlow, PyTorch, and Caffe without buying and maintaining costly hardware. The service lets data scientists train models using only the resources they need, paying only for […]

Need for AI surges as big oil companies ready to tap into the new the technology

Goddey OdinMarch 12, 2018

The need for artificial intelligence (AI) is running high across industries, as large companies have begun to inquire about intelligent machines that work and react like humans. Amid the concern and fear that in the nearest future machines may displace many people from their jobs or eventually be superior to people due to constant improvement, […]

Google Clips AI camera finally out on sale at $249

Businessam StaffMarch 1, 2018

Google announced a new AI-powered camera called Clips back in October, and the gadget is now finally on sale at $249. There are many memorable moments that should be immortalized but sometimes, by the time users take out their camera to snap a photo, the moment is gone. Google Clips aims to solve that problem […]