Artificial Intelligence

Ada Awarded as Technology Pioneer by World Economic Forum

New York, 16 June, 2020 – Ada, the health company behind the leading AI-powered assessment technology, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. Ada is creating a new digital frontdoor to personalized health, bringing together global medical knowledge with a uniquely powerful AI approach to help people actively manage their health and support health providers, systems, governments and organizations to deliver quality, effective care.

Nosto Recognized as 2020 Adobe Commercial Exchange Partner of the Year

NEW YORK (Apr 15, 2020) - Nosto, an Adobe Exchange Premier Partner and AI-powered commerce experience platform, has been honored as the Commercial Exchange Partner of the Year. The annual awards recognize those partners that have shown exceptional leadership and growth in the Adobe Digital Experience partner ecosystem.

As a Premier Partner in the Adobe Exchange Partner Program, Nosto's Magento Commerce integration uses onsite behavioral data, performance metrics and product attributes to help Magento merchants create relevant one-to-one shopping experiences in real-time, driving higher conversion rates, average order values, and, ultimately, higher revenue.

6 Ways Machine Learning Saves Your Business Money

Machine learning (ML) allows computers to turn hard data into applications that enhance productivity and efficiency. As computers have gotten smarter, they've begun to think more logically and in ways similar to the human brain. Programmers now teach machines to rationalize and come up with solutions to complex problems — tasks that only the human brain could accomplish before now.

How Did Virtual Assistants Get Installed In Our Homes And Offices?

Virtual assistants have been incorporated into customer service applications and web pages, including technical support, product sales, or while receiving assistance during a purchase process. We currently experience virtual assistants without knowing it when we communicate with airlines, banks, social networks, insurance, or tourism companies.

Machines (software) are able to incorporate user interaction into their functions and learn about their needs on the fly. They achieve this by recognizing the same user, along with their emotions (joy, frustration, anger, disappointment, doubt) even better than many people by studying not only the tone of their voice but also the posture and gestures.

Deep Learning Is Overtaking Classic Machine Learning Methods, Study Finds

Peltarion, leading AI innovator and creator of an operational deep learning platform, and AI Knowledge Network CognitionX, organizer of the CogX festival of AI and emerging technology, today released a new study based on research and interviews with other AI industry leaders across Europe such as Amazon, Google, DeepMind, and JP Morgan. The report, “Deep Learning: Opportunities and Best Practice”, provides insight that deep learning is overtaking more classic Machine learning methods. However, several challenges remain; cost, complexity, and skills are yet to be solved to enable market growth.

AI's Growing Impact on the Tech Industry This Year and Beyond

The growth of artificial intelligence (AI) in recent years has been at a lightning pace. AI now impacts nearly every element of our lives. Smart programs have filtered into our homes and workplaces. You can use AI to create a website, to order a meal in a fast food restaurant and in the background of any number of applications.

Artificial Intelligence Breakthroughs Lead to Unprecedented M&A Growth, Reveals Hampleton Partners’ Report

London, UK – 15 May 2019. Hampleton Partners’ latest analysis of the Artificial Intelligence M&A market reveals that over 150 deals were disclosed in 2018, up from 105 deals in 2017. The first half of 2019 is also showing impressive AI-related M&A momentum, with 65 deals already recorded and a total of near 100 deals forecast for the half-year only. In terms of market value, AI is forecast to grow from $21.46 billion in 2018 to $190 billion by 2025 – in other words, to grow nine-fold over the next seven-year period[1].

Heiko Garrelfs, sector principal, Hampleton Partners, said:

Unbabel Appoints Amy Kux as Chief Financial Officer

San Francisco, USA: 20 February 2019: A year after raising $23 million in series B funding, AI-powered, human-refined translation platform Unbabel today announced the appointment of Amy Kux to the role of Chief Financial Officer, based in the company’s San Francisco headquarters.

With a proven track record in management and business leadership applied to high-growth international technology start-ups, Kux joins Unbabel from Udemy, where she was Head of Finance. There she was strategic both in raising series D fundraising and opening the company’s Brazil office. Prior to Udemy, she was Head of Finance for next generation content delivery network Cloudflare.

New Study: Mobile Phones Are Driving 56% of Festive Online Fashion Sales

Consumers are growing more comfortable buying fashion items on their phones reveals new Black Friday and Cyber Monday data from AI-powered retail personalisation platform, Nosto. And for fashion retailers, Black Friday and Cyber Monday 2018 were 36% bigger than last year.

Nosto’s analysis of millions of visits to fashion sites globally suggests mobile accounted for 71% of traffic and 56% of sales revenue (up from 64% of traffic and 50% of sales revenue in 2017) on the two holiday shopping days. Conversion rates are also up on mobile phones from 1.98% last year to 2.28% in 2018.