Press Releases

Deep Learning Enterprise Software Spending to Surpass $40 Billion Worldwide by 2024

May 3, 2016 at 4:11 PM

Enterprises Are Increasingly Focused on Deep Learning as an Enabling Technology, Especially for Data-Intensive Business Processes Deep learning, which has emerged as one of the most active technology areas within the broader field of artificial intelligence (AI), is attracting an increasing level of attention from industries as diverse as advertising,

Almax Analytics Closes Seed Round

April 25, 2016 at 4:39 AM

Artificial Intelligence (AI) for News Insights advances to the next level with the help from veteran Financial Technology (Fintech) players Helsinki, Finland & London, United Kingdom 25, April , 2016 Almax Analytics, Artificial Intelligence for News Insights in Capital Markets, announced today financing of the initial growth and development for

Expert System Releases Cogito Studio

April 18, 2016 at 4:12 AM

Expert System, the leader in multilingual cognitive computing technology for the effective management of unstructured information, today announced the release of Cogito Studio, a product for developing customized semantic applications for text analytics, including information analysis, categorization and extraction. With Cogito Studio, the company advances its market leadership by leveraging

Rage Frameworks Pioneers Contextual Deep Learning with its Artificial Intelligence Platform

April 1, 2016 at 2:34 PM

Rage Frameworks, a provider of knowledge-based automation technology and services, announced new deployments of its traceable deep learning technology known as Rage AI across several global financial services, consumer products and manufacturing firms. The challenges these organizations faced required the understanding and interpretation of complex documents and integration of other

Lawrence Livermore National Laboratory and IBM Collaborate to Build Brain-Inspired Supercomputer

March 30, 2016 at 2:25 PM

Lawrence Livermore National Laboratory (LLNL) today announced it has purchased a first-of-a-kind brain-inspired supercomputing platform for deep learning inference developed by IBM Research. Based on a breakthrough neurosynaptic computer chip called IBM TrueNorth, the scalable platform will process the equivalent of 16 million neurons and 4 billion synapses and consume

AI Start-up Umbo CV Raises $2.8M - Brings Deep Neural Network to the Security Industry

March 29, 2016 at 3:24 AM

Umbo CV, an artificial intelligence start-up and provider of event recognition systems that think and learn like humans for the professional security industry, announced that it completed a $2.8 million round of seed funding led by AppWorks Ventures. Also participating were Mesh Ventures, Fortune Global 500 Wistron Corp. and Phison

KPMG Announces Agreement With IBM Watson To Help Deliver Cognitive-Powered Insights

March 9, 2016 at 3:38 AM

KPMG LLP and IBM (NYSE: IBM) today announced plans to apply IBM s Watson cognitive computing technology to KPMG s professional services offerings. The agreement, including a focus on auditing services, builds on several recent successful KPMG initiatives demonstrating the promise of cognitive technologies in transforming the firm s ability

Revolutionary New App Uses Artificial Intelligence to Automatically Send Photos to Friends | Business Wire

March 7, 2016 at 8:05 PM

Revolutionary New App Uses Artificial Intelligence to Automatically Send Photos to FriendsKnoto, an app that uses face recognition to automatically send friends the photos they’re in, launched today in the iTunes App Store. Knoto’s AutoSending technology enables a completely new way to privately share photos: just take a photo of

CognitiveScale Awarded Multi-Year Contract to Deploy Cognitive Solutions Across the Enterprise

March 7, 2016 at 4:16 AM

CognitiveScale Awarded Multi-Year Contract to Deploy Cognitive Solutions Across the Enterprise CognitiveScale, the Cognitive Cloud Company, and The University of Texas MD Anderson Cancer Center have embarked on a multi-year initiative to apply the power of cognitive computing to accelerate healthcare decision-making, enhance the patient experience, and further improve employee

Accenture Introduces the Accenture Cyber Intelligence Platform

March 1, 2016 at 4:52 AM

Accenture (NYSE:ACN) today announced the launch of the Accenture Cyber Intelligence Platform, a new addition to Accenture s Managed Security offerings. The Accenture Cyber Intelligence Platform marries advances in chip processor technology with a proprietary combination of artificial intelligence, machine learning and streaming analytics to help organizations identify never before

Vanderbilt Law To Host Conference With Top Minds in Artificial Intelligence

February 26, 2016 at 1:31 AM

How shall we manage machines that practice law? And will they replace lawyers, become their greatest resource, or both? For the first time, experts in the field of artificial intelligence will gather at an event dedicated to a full discussion of the future of machine learning in the legal profession.

Astro Digital Releases Software to Enable Anyone to Analyze Satellite Imagery

February 26, 2016 at 12:22 AM

Astro Digital today released a new version of their image processing software. This enables anyone to access their software, for free, and retrieve satellite imagery of any area on Earth. The company also offers an API that developers can use to incorporate satellite data into their products. The software itself

Google Launches DeepMind Health

February 26, 2016 at 12:15 AM

We founded DeepMind to solve intelligence and use it to make the world a better place by developing technologies that help address some of society's toughest challenges. It was clear to us that we should focus on healthcare because it s an area where we believe we can make a

IBM and SoftBank Launch First Japanese Language APIs for Watson

February 20, 2016 at 12:26 AM

A year ago, SoftBank teamed up with IBM to bring its supercomputer Watson to Japan. Now Watson has learned enough Japanese for developers to take advantage of its new skills. The two companies launched six Japanese APIs today. In addition to speech-to-text and text-to-speech services, they include: Natural language classifier:

Google Cloud Platform Blog: Google Cloud Vision API enters Beta, open to all to try!

February 20, 2016 at 12:14 AM

Today, we're announcing the beta release of Google Cloud Vision API. Now anyone can submit their images to the Cloud Vision API to understand the contents of those images from detecting everyday objects (for example, sports car, sushi, or eagle ) to reading text within the image or identifying product

Microsoft, Intel, Samsung, & others launch IoT standards group: Open Connectivity Foundation

February 20, 2016 at 12:03 AM

Giants of the tech world are banding together to found a new group to support the burgeoning Internet of Things (IoT) industry. The Open Connectivity Foundation (OCF) is touted as an open IoT standards group to unify standards, expedite innovation, and create IoT solutions and devices that work seamlessly together,

Trends Equity and Lux Research Announce AI World Conference and Expo

February 17, 2016 at 9:06 PM

Trends Equity and Lux Research Announce AI World Conference and Expo Event focuses on The Business and Technology of Artificial intelligence Trends Equity, Inc. and strategic research partner Lux Research, Inc. today announced AI World Conference and Expo, to be held November, 7 9, 2016 at the Hilton Parc 55,

FocusMotion Releases Creator, Automated Human Movement Machine Learning Tool for Developers

February 16, 2016 at 4:42 AM

FocusMotion, a motion recognition algorithm company dedicated to improving health through tracking and translating human movement, today announced Creator, the first machine learning tool that allows developers to teach the FocusMotion algorithm new movements. Any developer can use Creator to create movement, gesture and motion recognition algorithms that will identify

JASK, Building Artificial Intelligence for Cyber-Security, Raises $2 Million

February 16, 2016 at 1:53 AM

JASK, a new company pioneering artificial intelligence and advanced analytics for cyber-security, has raised more than $2 million in seed financing in a round led by Battery Ventures. Vertical Venture Partners and other prominent angel investors also participated. JASK intends to use the proceeds to develop its product and secure

Gorgias Raises $1.5M See Round

February 11, 2016 at 11:05 PM

Today, we re thrilled to announce that we ve raised a $1.5 million Seed round led by Charles River Ventures and Amplify Partners, to help build our new helpdesk. We re incredibly grateful to early users, customers, mentors we ve met both at NUMA and Techstars, and to our investors.

Diffbot raises $10 million for its artificial intelligence technology

February 11, 2016 at 10:47 PM

Today, Diffbot announced that the company secured $10 million in series A funding to build an AI that can autonomously synthesize the world’s largest database of knowledge. Known as the Global Index, Diffbot’s AI-synthesized database surpassed the size of Google’s own Knowledge Graph by using a combination of deep learning,

Machine Learning Company DataRobot Accelerates Growth with $33 Million in New Funding

February 11, 2016 at 9:20 PM

Leading VC firms show generous support for machine learning company and its predictive analytics platform Machine learning automation pioneer DataRobot, Inc.announced today that it has closed $33 million in Series B financing, bringing the total investment in the company to more than $57 million. New Enterprise Associates (NEA) led the

AI Market by Technology - Global Forecast to 2020

February 10, 2016 at 5:05 PM

Diversified application areas are expected to drive the artificial intelligence market The artificial intelligence market is estimated to grow from USD 419.7 million in 2014 to USD 5.05 billion by 2020, at a CAGR of 53.65% from 2015 to 2020. This growth can be attributed to the factors such as

Artificial Intelligence Technologies are Quietly Penetrating a Wide Range of Enterprise Applications

February 5, 2016 at 9:01 PM

The advance of artificial intelligence (AI) technologies has caught the attention of companies and institutions in a wide range of enterprise markets, and executives in almost every industry are considering the potential impact AI will have on their operations, business models, and bottom lines. AI technologies being evaluated and deployed

Frost & Sullivan Recognizes CognitiveScale as the 2015 Visionary Innovation Leader

February 5, 2016 at 6:46 PM

CognitiveScale , the Cognitive Cloud Company , has been recognized by independent analyst firm Frost & Sullivan as the 2015 Visionary Innovation Leader for Artificial Intelligence-Enabled Solutions. CognitiveScale delivers a new class of industry-optimized, machine intelligence-powered software that revolutionizes customer engagement and decision making for patients, shoppers, financial clients, and