Bits & Bytes
Gartner pins “global AI business value” at $1.2 billion in 2018.
- Not sure what we’re supposed to do with that broadly-defined number beside putting it in our pitch decks, but I get it–AI just might be important ????. The firm describes three sources of AI value: customer experience enhancements, new revenues, cost reductions.
Scientists in Europe call for new AI hub.
- Scientists in Europe pen an open letter outlining the motivations behind ELLIS–a new European AI hub. Nice analysis at The Guardian on this story and an EU commission call for €20 billion investment in the space to compete with the US and China.
DeepCode launches to provide AI code copilot.
- Analogous to a grammar checker for code, the software connects to your GitHub repos and tells you how to fix problems in your Javascript, Java or Python code.
AI helping discover new materials.
- Interesting article on recent Northwestern University research that applies AI to the task of creating new metal-glass hybrids. I did an interview on this topic recently so stay tuned for more.
Google gives cloud credits to researchers.
- Awards are available to academic researchers in qualified countries. Awards are typically for $5k, but more can be requested via the application.
Dollars & Sense
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Baidu has raised over $1.9 billion for a newly spun-off AI-powered financial services company
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Allegro.ai grabs $11 million to advance DL-as-a-Service platform
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Marble, a delivery robotics company raises $10 million
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iGenius, a Milan, Italy based startup, raises $7 million to make enterprise data easily queryable via natural language
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SalesHero raises $4.5 million seed to help reps keep Salesforce.com up to date
