7 hours ago | Venture BeatHow do databases support AI algorithms?
Databases have always been able to do simple, clerical work like finding particular records that match some given criteria — say, all users who are between 20 and 30 years old. Lately database companies have been adding artificial intelligence routines into databases so the users can explore the power of these smarter, more sophisticated algorithms on their own data stored in the database.The AI algorithms are also finding a home below the surface, where the AI routines help optimize internal tasks like re-indexing or query planning. These new features are often billed as adding automation because they relieve the user of housekeeping work. Developers are encouraged to let them do their work and forget about them.
9 hours ago | AI TrendsUnderspecification Challenging Machine Learning Modeling
Google researchers have found many ML models may be underspecified, causing them to underperform versus expectation.
9 hours ago | AI TrendsExecutive Interview: Dr. Matt Gaston, CMU Software Engineering Institute
The Software Engineering Institute (SEI) is formalizing the practice of AI Engineering under the leadership of Dr. Matt Gaston, an AI veteran.
9 hours ago | AI TrendsUN Human Rights Commission Calls for Moratorium on Sale of AI Tech
The UN Human Rights office this week called for a moratorium on certain AI technologies that the organization says pose human rights risks.
9 hours ago | Venture BeatOpenAI unveils model that can summarize books of any length
OpenAI has developed an AI model that can summarize books of arbitrary length. A fine-tuned version of the research lab’s GPT-3, the model works by first summarizing small sections of a book and then summarizing those summaries into higher-level summaries, following a paradigm OpenAI calls “recursive task decomposition.”Summarizing book-length documents could be valuable in the enterprise, particularly for documentation-heavy industries like software development. A survey by SearchYourCloud found that workers take up to eight searches to find the right document, and McKinsey reports that employees spend 1.8 hours every day — 9.3 hours per week, on average — searching and gathering job-related information.
10 hours ago | AI TrendsRobot Umpires Invade Baseball; AI That Makes Mistakes on Purpose Could Help
As robot umpires are being employed in baseball to call balls and strikes, researchers working on making AI fallible could contribute.
10 hours ago | AI TrendsWhy AI Autonomous Cars Aren’t Yet Paying Attention To Honking Horns
Without a sensory device to detect sounds outside the vehicle, an AI driving system will not have any tangible input that a horn is being honked.
14 hours ago | AI NewsUK sets out its 10-year plan to remain a global AI superpower
The UK has unveiled its 10-year National Artificial Intelligence Strategy with the aim of securing the country’s place as “a global AI superpower”. DeepMind, Benevolent AI, Graphcore, Darktrace, Oxbotica, and Behavox are just some of the companies that have established the UK’s place as Europe’s leader in AI. Joanna Shields, CEO of Benevolent AI and... Read more » The post UK sets out its 10-year plan to remain a global AI superpower appeared first on AI News.
Sep 22, 2021 | MIT NewsToward a smarter electronic health record
An AI-enhanced system enables doctors to spend less time searching for clinical information and more time treating patients.
Sep 22, 2021 | Venture BeatLinkedIn’s Top Startups of 2021 spotlights the enterprise data stack
Startups are capitalizing on the growing gaps across enterprise data stacks as the stresses of keeping customers loyal, keeping infrastructure secure, and keeping virtual teams collaborative force rapid change throughout the industry. Sixty percent of LinkedIn’s Top Startups of 2021 see enterprises as the key to the future.Four of the top 10 startups of 2021 focus on improving the future of enterprise work, including Gong (No. 2), Attentive (No. 7), Outreach (No. 9), and MikMak (No. 10). Startups concentrating on improving the way enterprises work include GitLab (No. 20); Scale AI (No. 29); task management platform ClickUp (No. 42); email platform provider Superhuman (No. 44); and SaaS startup Innovaccer (No. 46), who is creating unified health care data. LinkedIn says nearly all honorees are hiring now, and more than half of the available jobs are for remote roles. Among the top 50 startups, Attentive is a pacesetter in remote hiring. Throughout the past 18 months, its remote-first team has grown 375% from 200 employees to more than 950.
Sep 22, 2021 | Venture BeatThe state of MLOps in 2021 is dominated by startups
Enterprises’ urgent need is for startups to help solve getting more machine learning (ML) models into production. That’s because 87% of data science projects never make it into production. Algorithmia’s 2021 enterprise trends in machine learning of 750 business decision-makers found 22% say it takes between one and three months to deploy an ML model into production before it can deliver business value. Furthermore, 18% say it takes over three months to get a model into production. Delays getting ML models into production are symptoms of larger, more complex problems, including lack of production-ready data, integrated development environments, and more consistent model management. According to IDC, 28% of all AI and machine learning projects fail because of these factors. Closing the gaps in MLOps and across the entire model lifecycle process creates a lucrative new market opportunity for startups, valued at $4 billion by 2025. According to Dr. Ori Cohen’s research, there’s been $3.8 billion in funding already.
Sep 22, 2021 | Venture BeatGoogle Cloud research credits expand to nonprofits
Google today announced that Google Cloud research credits, which give researchers access to computing resources via Google Cloud, is expanding to researchers at nonprofit institutions. Previously, only researchers at government and academic research institutions were eligible, limiting the scope of work that could be managed and analyzed using Google Cloud services.“This initiative is part of our ongoing efforts to make the advantages of cloud research available to more people everywhere — and to drive more discoveries faster,” Google senior program manager for academic research Eleazar Ortiz wrote in a blog post. “We know that the researchers of the future need the best resources now.”
Sep 22, 2021 | AI NewsThe new space race: A breeding ground for great innovation?
The new space race is grabbing headlines and driving public interest in the potential of ‘extraterrestrial’ exploration. For tech innovators, it opens the doors to a world of exciting new possibilities. It has brought in a fast-moving, ‘Silicon Valley’ type innovative paradigm to a sector that was previously the government’s domain. Closer to home, the... Read more » The post The new space race: A breeding ground for great innovation? appeared first on AI News.
Sep 22, 2021 | Venture BeatThe low-code ‘tipping point’ is here
Half of business technologists now produce capabilities for users beyond their own department or enterprise. That’s the top finding in a new report from Gartner, which cites “a dramatic growth” in digitalization opportunities and lower barriers to entry, including low-code tools and AI-assisted development, as the core factors enabling this democratization beyond IT professionals. What’s more, Gartner reports that 77% of business technologists — defined as employees who report outside of IT departments and create technology or analytics capabilities — routinely use a combination of automation, integration, application development, or data science and AI tools in their daily work.“This trend has been unfolding for many years, but we’re now seeing a tipping point in which technology management has become a business competency,” Raf Gelders, research vice president at Gartner, told VentureBeat. “Whether all employees will soon be technical employees remains to be seen. Do your best sales reps need to build new digital capabilities? Probably not. Do you want business technologists in sales operations? Probably yes.”
Sep 22, 2021 | Venture BeatOsano, a data compliance platform, raises $11M
Osano, a data privacy platform that helps websites become compliant with international regulations, today announced that it closed a $11 million funding round led by Jump Capital, bringing its total raised to $22.3 million. The company says that the money will be used to support international expansion as well as hire additional sales, marketing, and engineering staff.Compliance remains a major challenge for enterprises. Businesses in the U.S. on average spent $10,000 per employee on regulatory costs, according to a report from the Competitive Enterprise Institute. Moreover, one whitepaper found that spending on incident response has almost doubled since 2011 as organizations aim to combat a record number of data breaches.
Sep 22, 2021 | Venture BeatPlus’s Level 4 autonomous trucking technology speeds transition to sustainable commercial transport
This article is part of a VB Lab Insight series paid for by Plus.“Sustainable transportation is good for business and for humankind.”Shawn Kerrigan, the COO and co-founder of autonomous truck developer Plus, will not mince words when talking about the environmental benefits of autonomous trucking. He and the rest of the team at Plus see a “safer, more sustainable future through autonomous trucking.”And it’s gaining traction at the right time. Fueled by health and environmental concerns, policy makers are cracking down on pollutants emitted by medium- and heavy-duty commercial vehicles. Shippers too, are looking to integrate more efficient vehicles into their fleets, with the goal of cutting fuel costs and meeting increasingly stringent sustainability demands from consumers, investors, and regulators.
Sep 22, 2021 | AI NewsBritish court disagrees with Australia, rules that AIs cannot be patent inventors
The UK and Australia may have made a historic pact last week, but one thing they can’t agree on is whether AIs can be patent inventors. AIs are increasingly being used to come up with new ideas and there’s an argument they should therefore be listed as the inventor by patent agencies. However, opponents say... Read more » The post British court disagrees with Australia, rules that AIs cannot be patent inventors appeared first on AI News.
Sep 21, 2021 | Venture BeatWorkflow automation startup Daylight lands $12.3M
Toronto, California-based Daylight, formerly FormHero, today announced it has raised $12.3 million in a series A round led by RTP Global, Bessemer Venture Partners, and Golden Ventures, with participation from Golden Ventures. The company says the funds, which bring its total raised to $14.56 million, will be used to support go-to-market activities and expand the capabilities of its automation platform.A growing number of businesses are investing in tech-powered solutions to minimize repetitive office processes. In a 2020 McKinsey survey, 66% of enterprises said they were piloting platforms to automate at least one business process. And in a survey conducted by ServiceNow, 86% of respondents said that by 2020 their organizations would require intelligent automation to keep up with business requirements.
Sep 21, 2021 | Venture BeatProject44 acquires last-mile delivery startup Convey for $255M
Project44, a Chicago, Illinois-based supply chain visibility solutions provider, today announced that it acquired last-mile delivery startup Convey for $255 million. Together, Project44 says that it and Convey will serve the global supply chain end-to-end, offering insights to help brands deliver new direct-to-consumer and ecommerce experiences.Once a back-office process, supply chain management is now recognized as one of the most critical business functions in the enterprise. According to a recent Gallup poll, 60% of U.S. adults say that they’ve been unable to get a product they wanted in the past two months because of shortages. Thirty-five percent of companies told Statista that delays in cross-border transportation during the pandemic had an impact on their business, and 52% said that hiring and retaining qualified supply chain workers was proving extremely or very challenging.
Sep 21, 2021 | Venture BeatComputer vision-powered workplace safety systems could lead to bias and other harms
Increasingly, AI is being pitched as a way to prevent the estimated over 340 million workplace accidents that occur worldwide every day. Using machine learning, startups are analyzing camera feeds from industrial and manufacturing facilities to spot unsafe behaviors, alerting managers when employees make a dangerous mistake.But while marketing materials breathlessly highlight their life-saving potential, the technologies threaten to violate the privacy of workers who aren’t aware their movements are being analyzed. Companies may disclose to staff that they’re subjected to video surveillance in the workplace, but it’s unclear whether those deploying — or providing — AI-powered health and safety platforms are fully transparent about the tools’ capabilities.
Sep 21, 2021 | Venture BeatEnterprise NLP budgets are up 10% in 2021
Enterprises are increasing their investments in natural language processing (NLP), the subfield of linguistics, computer science, and AI concerned with how algorithms analyze large amounts of language data. According to a new survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their NLP budgets grew by at least 10% compared to 2020, while a third — 33% — said that their spending climbed by more than 30%.The goal of NLP is to develop models capable of “understanding” the contents of documents to extract information as well as categorize the documents themselves. Over the past decades, NLP has become a key tool in industries like health care and financial services, where it’s used to process patents, derive insights from scientific papers, recommend news articles, and more.
Sep 21, 2021 | Venture BeatApp observability platform DeepFactor raises $15M
DeepFactor, a code observability startup based in San Jose, California, today announced that it raised $15 million in series A financing led by Insight Partners with participation from Emergent Ventures, Security Leadership Capital, and Tricentis. The funding brings the company’s total raised to $18.4 million to date, and it’ll be put toward supporting existing product development and the launch of a software-as-a-service offering, according to cofounder and CEO Kiran Kamity.With the push for digital transformation and the subsequent adoption of cloud-native architectures, companies are releasing software apps faster with greater complexity — and correspondingly more areas to attack. The result is an increase in supply chain, security, and compliance risks. Security teams are struggling to keep pace, requiring help from engineers before shipping apps into production.
Sep 21, 2021 | Venture BeatSoftware supply chain management company Cloudsmith raises $15M
Belfast, Northern Ireland-based software supply chain management startup Cloudsmith today announced that it closed a $15 million series A funding round led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart. The infusion brings the company’s total raised to over $17 million and will be used to expand Cloudsmith’s workforce from 17 employees to 60 in the next year, particularly its U.S.-based sales and data engineering teams.Cloudsmith cofounders Alan Carson and Lee Skillen met 12 years ago while working for the New York Stock Exchange. They started a software business together in 2012 and built the platform that became Cloudsmith to address the package management and software distribution challenges that they encountered at that first startup.
Sep 21, 2021 | Venture BeatEvoWalk stimulates nerves to help muscle-impaired people walk
Health startup Evolution Devices has created an AI-based platform called EvoWalk that stimulates nerves to help muscle-impaired people walk again.The platform blends remote physical therapy with connected smart stimulation devices to help people such as cerebral palsy patients or stroke victims to rehabilitate and start walking again.The company is launching a pilot program today to rehabilitate people living with neurologically based partial walking paralysis. It is also raising funds via a crowdfunding program.Pierluigi Mantovani, CEO of Evolution Devices, said in an interview with VentureBeat that he started working on the platform in 2017 as part of an effort to help his father deal with the effects of multiple sclerosis.
Sep 20, 2021 | Venture BeatFalsehoods more likely with large language models
There’s growing interest in using AI language models to generate text for business applications. Large companies are deploying their own systems while others are leveraging models like OpenAI’s GPT-3 via APIs. According to OpenAI, GPT-3 is now being used in over 300 apps by thousands of developers, producing an average of more than 4.5 billion novel words per day.But while recent language models are impressively fluent, they have a tendency to write falsehoods ranging from factual inaccuracies to potentially harmful disinformation. To quantify the risks associated with “deceptive” models, researchers at the University of Oxford and OpenAI created a dataset called TruthfulQA that contains questions some humans might answer incorrectly due to false beliefs or misconceptions. The researchers found that while the best-performing model was truthful on 58% of questions, it fell short of human performance at 94%.
End of News List
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