Tag: category-/Business & Industrial

Huawei details AI chips for training and inference

In a bid to establish a foothold in an AI chip market that’s anticipated to be worth $91.18 billion by 2025, Huawei today brought to market the Ascend 910, a new chipset in its Ascend-Max family optimized for AI model training, and the Ascend 310, an Ascend-Mini series inferencing chip designed to tackle tasks like […]

Read More

HP CEO Dion Weisler steps down, taps veteran insider Enrique Lores

(Reuters) — HP said on Thursday Chief Executive Officer Dion Weisler is stepping down after nearly four years in the role, and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade. The company said Weisler, 52, is leaving the role to attend to a family health matter. Enrique […]

Read More

VMware acquires Pivotal and Carbon Black for nearly $5 billion

VMware said on Thursday it bought two software companies in separate deals valued at about $5 billion, looking to expand the range of products and services it offers to its corporate clients. In a deal brokered by Dell Technologies, VMware bought Pivotal Software for $2.7 billion. Dell is a controlling stakeholder in both companies. Separately, […]

Read More

Carnegie Mellon and Oregon State team wins first leg of DARPA Subterranean Challenge robot competition

The U.S. Defense Advanced Research Projects Agency (DARPA) kicked off the Subterranean Challenge in December 2017, with the goal of equipping future warfighters and first responders with tools to rapidly map, navigate, and search hazardous underground environments. The final winner of the four-event competition won’t be selected until 2021, but Team Explorer from Carnegie Mellon […]

Read More

Zenoti raises $20 million to manage salon and spa bookings

Zenoti, a Bellevue, Washington-based startup developing booking software for the spa and salon industry, today announced that it’s raised $20 million from Steadview Capital, bringing its total raised to nearly $100 million following a $50 million series C in May 2019. The fresh capital will be used to expand the company’s presence in the U.K. […]

Read More

Steam disables payments in local Argentinian currency

One of the Steam marketplace’s most important features is its ability to accept local currencies from countries around the world. Valve has done a ton of leg work to make that happen, which opens up the potential for games to find new audiences. But dealing with multiple world currencies means that you sometimes have to […]

Read More

Amazon Forecast hits general availability

Forecasting events at scale given a set of variables is a capability most companies would find useful, for obvious reasons. Fortunately for them, Amazon’s made the science of prediction a bit more accessible with Forecast, a fully managed service that uses AI and machine learning to deliver highly accurate forecasts. It’s now generally available through […]

Read More

Google’s Nest Mini will reportedly succeed the Home Mini

Google Nest is reportedly working on the release of a second-generation version of the Google Home Mini named the Nest Mini, according an anonymous source who spoke with 9to5Google. The Nest Mini will be about the same size as the first-gen Google Home Mini — about the size of a hockey puck — but will […]

Read More

Splunk acquires cloud monitoring platform SignalFx for $1.05 billion

Splunk, which provides operational intelligence software that monitors, reports, and analyzes real-time machine data, today announced a definitive agreement to acquire SignalFx, a cloud monitoring platform for infrastructure, microservices, and apps. Under the terms of the arrangement, Splunk will plunk down approximately $1.05 billion for SignalFx, 60% of which will be in cash and the […]

Read More

Trump: My relationship with Tim Cook delayed Apple’s iPhone tariffs

The threat of significant U.S. tariffs on Chinese-manufactured goods has weighed on Apple’s stock for months, raising the prospect that its already expensive devices could see 10% to 25% cost hikes. But a last-minute reprieve delayed a new 10% tariff on phones and laptops until after the heat of the holiday shopping season, and the […]

Read More

Why financial services companies need to invest in voice and chat (VB Live)

Presented by Envestnet | Yodlee Voice-enabled digital assistants are on the rise — and financial services companies should start investing. Join this VB Live event to learn how this important tech can be effectively used to drive digital engagement, streamline customer communications, and build revenue and more.  Register here for free! There’s a reason that […]

Read More

Knotel raises $400 million to lease and manage coworking spaces

Knotel, a New York startup that designs and operates bespoke spaces for brands, today announced that it’s secured $400 million in funding at a valuation of $1 billion led by Wafra, an investment arm of Kuwait’s Sovereign Wealth Fund, with participation from Mori Trust, Itochu, and Mercuria. The capital infusion brings its total raised to […]

Read More

Box Shield launches in private beta to prevent data compromise

Last year, Box took the wraps off of Box Shield, a machine learning-based security platform that provides admins an overview of their company’s content while flagging potential instances of data compromise. It’s been in preview for the better part of a year, and at an event in New York City today Box announced the launch […]

Read More

Capacity raises $13.2 million to index emails, files, and more with AI

Capacity (formerly Jane.ai), a startup developing a platform that indexes data from apps, teams, and more and enables users to search through the corpus using natural language, today revealed that it recently raised $13.2 million in series B funding from undisclosed Midwest angel and private investors. The influx of capital brings the company’s total raised […]

Read More

Intel unveils its first AI chip Springhill

(Reuters) — Intel on Tuesday unveiled its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing centers. The chip, developed at its development facility in Haifa, Israel, is known as Nervana NNP-I or Springhill and is based on a 10 nanometer Ice Lake processor that will allow […]

Read More

Starship Technologies raises $40 million for autonomous delivery robots

It’s anticipated that the autonomous delivery robots market will be worth $34 billion by 2024, up from $11.9 billion in 2018. Some analysts predict that by then, in cities around the world, thousands of drones and rovers will regularly ferry food, drink, toiletries, and parcels on command to customers miles away. It’s a future on […]

Read More

Zendrive raises $37 million to encourage good driving behaviors with AI

Why should defensive drivers settle for roughly the same monthly insurance premiums as their less responsible, more aggressive peers? That niggling question motivated Google and Facebook veteran Jonathan Matus to found Zendrive, a service that collects data about driving habits and awards drivers for making safe decisions. It’s been chugging along since 2013, the year […]

Read More

Bloomberg: Apple TV+ will cost $9.99 per month and launch in November

Apple’s video streaming strategy may be getting clearer with a report that its subscription TV service will go live in November and cost $9.99 per month. According to Bloomberg, the tech giant will include just a handful of shows at the start with plans to expand. At $9.99, the service would be the same price […]

Read More

H2O raises $72.5 million to simplify enterprise AI deployment

AI and machine learning can be complicated stuff to the layperson, yet surveys show this hasn’t deterred enterprises from adopting it in droves. Business use of AI grew a whopping 270% over the past four years according to Gartner, while Deloitte says that 62% of respondents to its corporate October 2018 report deployed some form […]

Read More

Microsoft hires former Siri boss for AI leadership role

After leading Apple’s Siri team for six and a half years, Bill Stasior left the company for greener pastures elsewhere. Now he’ll be traversing Microsoft’s bucolic meadows, where The Information reports that he’ll head up an artificial intelligence group for the Redmond-based software giant. Stasior’s latest resume confirms that he joined Microsoft this month as a […]

Read More