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Will AI (Artificial Intelligence) domains have strong demand in the future?


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AI (Artificial Intelligence) - Is there a possibility AI domains will have good demand in the future?

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The views expressed on this page by users and staff are their own, not those of NamePros.
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Barcelona-based AI startup Restb.ai scores โ‚ฌ1.7 million in Horizon 2020 EU funding
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DOOLY.AI RAISES $2 MILLION TO AUTOMATE ADMIN TASKS FOR SALES TEAMS
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Human-robot interaction is a key to unlock the potential of service robotics
Advances in human-robot interaction, enabled by graphics displays, artificial intelligence and sensors, are ushering in a new generation of service robots that are easy to programme and intuitive to use. In Munich, from 19 to 22 June, 2018, automatica will demonstrate how state-of-the-art products and systems โ€“ from flexible, collaborative robot tools to smart warehouses and humanoidsโ€”place people at the heart of their design, enabling not only better assistance and collaboration but also reduced costs.
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The European Commissionโ€™s Horizon 2020 (H2020) work programme identifies human-robot interaction (HRI) as one of four core robotics technologies, to which it is pledging project funding of EUR 66 million for 2018โ€“20. โ€œHuman-machine interaction or HRI is considered key for both industrial and service robotics,โ€ says Martin Haegele, Head of Robot and Assistive Systems at Fraunhofer IPA. โ€œThe robot is a part of a scenario operated by professional end-users and service companies, in agriculture, healthcare and rehabilitation, logistics, security and retail. Most of these applications share one common feature, they operate without a safety fence. Exposed to everyday environments, robots have to meet safety standards, they have to be operated safely and intuitively, so obviously HRI is the most important feature.โ€
 
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Automated Financial Advice Service Multiply.AI Raises ยฃ1.75M in Funding

Multiply, a London, UK-based automated independent financial advice service, raised ยฃ1.75m in funding.

The round was led by Octopus Ventures, which invested ยฃ1m, with participation from Portag3 Ventures, Entrepreneur First, Nick Hungerford, Taavet Hinrikus, Peter Rading, Michael Orland and Toby Moore.

The company intends to use the funds for continued development and the roll-out of the product.
 
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SafeToNet acquires AI startup VISR; raises $13 million Series A private placement
SafeToNet, the UK-based cyber safety company, has acquired the Toronto-based artificial intelligence (AI) and natural language processing startup, VISR. The startup uses AI to automatically detect the emotional well-being of children online. In addition, SafeToNet also announced it has successfully raised $13m in a private placement series A via West Hill Capital.

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Founded in 2016 by Georgina Pursey, Jack Pursey, Richard Pursey, and Sharon Pursey, SafeToNet is a British social responsibility and cyber security company. The company leverages cyber security level technologies at a human level providing an essential component in the inter-operable cyber security value chain. SafeToNet is also an award-winning cyber safety company that safeguards children from online risks such as cyberbullying, grooming, abuse, aggression and more. It was the first company in the world to identify and disable individual apps running on both an iOS and Android device. It was also the first to launch a real-time sext filtering tool that helps to prevent a child from sending inappropriate images. The Companyโ€™s software is pioneering and uses a mixture of artificial intelligence, natural language processing and device management technologies to keep children safe online without snooping, prying or spying.
 
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PayPal acquires AI predictive retail startup Jetlore
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Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum.

Jetlore, which was founded in January 2011 by students from Stanford Universityโ€™s computer science program, leverages machine learning to deliver โ€œpersonalizedโ€ experiences from retail chains like Uniqlo and Nordstrom Rack. The startupโ€™s predictive technology analyzes โ€œbillionsโ€ of customer data points and product data, including apparel attributes like sizes, color, fit, and style preferences, as well as brands and preferred materials, which inform its customer targeting products.

Jetloreโ€™s Predictive Layouts feature, for example, allows marketing teams to target certain groups of customers with distinct email, homepage, and in-app experiences. It learns customer preferences from their interactions over time and dynamically adapts, populating content where users are most likely to see it. Jetlore claims that Predictive Layouts can generate between 60 and 70 percent more revenue per email or pageview and reduce customer churn by 12 percent.
 
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SK Telecom and Macquarie acquire security firm ADT Caps for $1.2b
ADT offers physical security such as building maintenance and fire prevention. It boasts 570,000 subscribers and is the second-largest security firm in South Korea, after Samsung's S-One company.

SK Telecom said it wanted to create new security services and business models with the acquisition by applying artificial intelligence, the Internet of Things (IoT), and big data to physical security.

It will also offer total care, such as checking the status of elderly and children at home and drones for factory security, the telco said.

According to Freedonia Research, South Korea's physical security market has grown 8.7 percent per year for the past 5 years. From this year to 2022, the market will grow 7 percent per year, it predicts.
 
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Investors from Europe and Asia have contributed to a $15 million funding round for Cambridge artificial intelligence startup Fetch.AI

A further, follow-up funding round would appear to be on the cards as Fetch.AI accelerates development of what it bills as the worldโ€™s first smart ledger.

Prominent unspecified technology investment houses participated in the round and are expected to follow through.

Fetch.AI, whose team includes original pioneers of DeepMind (sold to Google for some $500m) is harnessing machine learning and blockchain development capability to build a massive โ€˜decentralised digital world.โ€™

The fresh $15m will further technical development, corporate partnerships and academic relationships. Original seed funding was provided by leading Web 3.0 venture capital firm Outlier Ventures.

Fetch.AIโ€™s decentralised digital world provides a home for Autonomous Economic Agents (AEAs) able to conduct useful economic work on behalf of humans or machines.
 
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Not mine, just reporting.

Don't look like end-user sales to me, just expired domains auctioned off.

quest.ai 1,110 USD 2018-06-07 Park.io
rh.ai 1,009 USD 2018-06-06 Park.io
uno.ai 531 USD 2018-06-06 Park.io
 
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Not mine, just reporting.

Don't look like end-user sales to me, just expired domains auctioned off (and already with a for sale page on Uniregistry)

wisdom.ai 5,105 USD 2018-06-09 Park.io
 
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Foundry.ai Raises $67 Million
Foundry.ai, a leading creator of artificial intelligence (AI) software solutions for large enterprises, announced today the closing of its first fund, Foundry Fund I. The first close of $67 million will allow Foundry to expand growth and solution creation beyond its four current businesses.

"In every global 2000 C-suite and boardroom, someone is asking the question, 'How will AI impact our business?'," said Ned Brody, co-founder of Foundry.ai. "Foundry's new funding will allow us to build a significantly greater number of Practical AI businesses, creating AI solutions that focus on replicable, every-day decision improvements that drive immediate profitability increases."
 
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Surgical.AI Completes $20-Million Investment in caresyntax, raising caresyntax's Total First Round Financing to $31.9 Million

"We believe that AI and robotics applications in healthcare are one of the foremost investment opportunities of our times, and we are proud to support the growth of caresyntax, which has created the largest data marketplace in surgical services," said Bjoern von Siemens, Managing Partner of surgical.AI. "With an installed base of more than 6,000 operating rooms, 10,000,000 procedures, and yearly generation of 100 petabytes of unique, high-fidelity data, caresyntax is uniquely positioned to create AI applications, enable robotics, and to support clinical and business decisions in hospital systems. As a vendor neutral company, caresyntax can leverage its technologies for the benefit of patients and caregivers, while putting ultra-high standards of data privacy and ethical data use first."
 
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Google will open an AI center in Ghana later this year, its first in Africa

Tech giants are pouring money into artificial intelligence. Baidu and Google spent between $20 and $30 billion on AI in 2016 alone, according to research from McKinsey. In Googleโ€™s case, a portion of that investment went to AI centers in China and France, and the Mountain View company shows no signs of slowing down. Google announced its new AI research center will be in Accra, Ghana.

โ€œIn recent years, weโ€™ve โ€ฆ witnessed an increasing interest in machine learning research across the continent,โ€ senior Google AI fellow Jeff Dean and staff research scientist Moustapha Cisse wrote in a blog post. โ€œEvents like Data Science Africa 2017 in Tanzania, the 2017 Deep Learning Indaba event in South Africa, and follow-on IndabaX events in 2018 in multiple countries have shown an exciting and continuing growth of the computer science research community in Africa.โ€

Google said that employees in the new AI center, which will open later this year, will work closely with local universities, other research centers, and policymakers on the potential uses of AI in Africa. This is Googleโ€™s first center devoted solely to AI research in Africa, and as far as we can tell, the first of any tech giant (beating Apple, Facebook, and Microsoft to the punch).
 
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Automated Financial Advice Service Multiply.AI Raises ยฃ1.75M in Funding
Multiply, a London, UK-based automated independent financial advice service, raised ยฃ1.75m in funding.

The round was led by Octopus Ventures, which invested ยฃ1m, with participation from Portag3 Ventures, Entrepreneur First, Nick Hungerford, Taavet Hinrikus, Peter Rading, Michael Orland and Toby Moore.

The company intends to use the funds for continued development and the roll-out of the product.

Co-founded in 2016 by Vivek Madlani and Mike Curtis, Multiply leverages machine learning to provide an automated independent financial advice, covering every aspect of personal finance, from mortgages to investments and savings.
Subject to FCA authorization, the company will officially launch its offering later this year.
 
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Jane.ai raises $8.4 million for an enterprise chatbot that can search through emails, files, and more
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Sifting through old files is laborious enough for one person, but for large-scale organizations and enterprises with thousands of employees, itโ€™s nightmarish. Thatโ€™s why former Answers.com CEO David Karandish founded Jane.ai, an artificially intelligent platform that indexes data from cloud storage providers, teams, and more.

Jane.ai, which allows employees to search through its corpus using conversational language, launched today with $8.4 million in funding from a Midwest network of private and angel investors.

โ€œWe created Jane to help everyday workers be more successful by eliminating the wasted time and effort that comes from searching for basic workplace information,โ€ Karandish said in a statement. โ€œWeโ€™ve all grown accustomed to the convenience of on-demand, personalized services and voice-controlled speakers at home, but we have yet to benefit from these same conveniences at work. Jane is an intuitive, intelligent AI-powered Teammate who gives employees instant access to the information they need to do their jobs well.โ€
 
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Agorai.AI Unveils ยฃ20 Million Investment in UK AI Market, Appoints Sir George Zambellas to Board of Directors
-Agorai, an integrated marketplace for Artificial Intelligence (AI) tools and the data assets that fuel them, is announcing it has committed to invest ยฃ20 million in the UK AI market. The investment will help accelerate the economic benefits that can be generated by leveraging the power of AI and its ability to transform society and positively impact the UK economy. The multi-year investment announced today will be distributed over the next five years. It will span the AI ecosystem by focusing on three key areas: education, empowerment, and entrepreneurship.

  • Education: Agorai will seek to accelerate AI education and research, helping the UK become an AI research hotspot. Specifically, Agorai will invest in education by providing grants and software licenses to universities and research centres across the UK.
  • Empowerment: Access to AI should not be restricted to large businesses alone. Agorai will work to encourage and empower the UKโ€™s small and medium sized businesses to access AI. A programme of workshops will ensure they have the requisite information to apply AI to their business. Agorai will provide two-week workshops, free of charge, to approximately 150 companies per year. It is hoped this will help accelerate AI adoption across the UK.
  • Entrepreneurship: Agorai will launch an AI Accelerator in London providing funds to entrepreneurs, the lifeblood of an economy, seeking to build AI powered solutions designed to improve and transform industries. Start-up companies selected to take part in the Accelerator will enjoy access to top business leaders and AI experts, financial funding, and receive allotments of Agorai licenses. The firms can then develop and deploy their software solutions on the Agorai platform, taking full advantage of the resources, assets and latest technology innovations available through the AI and Data marketplaces to help create a global ecosystem of AI innovators.
 
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Linklaters legal AI partner ropes in market-leading ยฃ13m investment
An artificial intelligence (AI) company boasting Linklaters as one of its key clients is targeting the worldโ€™s biggest firms after securing ยฃ13m in one of the legal tech sectorโ€™s biggest investments.

Heavyweight investors Goldman Sachs and Temasek, Singaporeโ€™s sovereign wealth fund, co-led on the investment in Eigen Technologies, announced Monday (11 June). The round outstrips the $10m raised late last year by fellow AI player, legal tech darling and Slaughter and May investment, Luminance. It also builds on seed funding it received from CVC Capital Partners managing partner Jonathan Feuer.
 
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Baker McKenzie launches artificial intelligence robot in Paris
A new AI platform launched by Baker McKenzie in Paris is part of its digital transformation strategy.

Baker McKenzie has launched AI personal assistant Lancelaw, providing its lawyers with a weekly selection of both relevant and personalised news on the transformation of the law profession as well as innovation. Based on machine learning techniques and โ€œneuronal circuitsโ€, it has been trained by two lawyers from the Paris office to learn to prioritise its sources. With a capability to learn by itself, the firm says it continues to develop and fine-tune even further the selections it makes.
 
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