Apple Buys a Machine-Learning Startup For a Reported $200 Million

Apple buys a machine-learning startup for a reported $200M

  • Apple generally does not comment on its smaller startup acquisitions, other than to say it buys them “from time to time” and doesn’t discuss why.
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  • Apple has bought a machine-learning startup called Turi in a deal reported to be worth around $200 million.
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@FortuneMagazine: “Apple buys a machine-learning startup for a reported $200M”


Apple’s acquisition of Seattle-based Turi is its third AI-related purchase in the last year or two.


Apple Buys a Machine-Learning Startup For a Reported $200 Million

SoftBank Is Designing An Emotional Car To Make Your Drives Home Less Lonely

SoftBank Is Designing An Emotional Car To Make Your Drives Home less lonely  #AI #SmartCar

  • Vehicles would be able to offer advice and support to drivers, such as during challenging driving or parking situations, while also providing company to drivers on long, solitary trips.
  • On the heels of its $32 billion takeover of chip designer ARM, SoftBank sftby founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions.
  • Market data provided by Interactive Data .
  • “Imagine if robots, with their super intelligence, devoted themselves to humans,” Son said.
  • Speaking at an event in Tokyo, Softbank and Honda described a future in which Honda cars could speak and interact with their drivers via cloud-based technology based on SoftBank’s “Pepper” robot, a life-sized robot that can read human emotions.

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@evankirstel: “SoftBank Is Designing An Emotional Car To Make Your Drives Home less lonely #AI #SmartCar”


Japanese telecom and internet giant SoftBank is setting out to design talking cars that can read and respond to a driver’s emotions.


SoftBank Is Designing An Emotional Car To Make Your Drives Home Less Lonely

The Future of Artificial Intelligence

The Future of Artificial Intelligence ( #video)

 @FortuneMagazine #fintech #AI

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@SpirosMargaris: “The Future of Artificial Intelligence ( #video)

@FortuneMagazine #fintech #AI”


Amazon’s David Limp shares his thoughts at Brainstorm Tech.


The Future of Artificial Intelligence

Data Is The New Oil

“The value of data goes up every day #AI advances.” - Watson's @davidwkenny  @FortuneMagazine

  • Market data provided by Interactive Data .
  • Companies that want to use artificial intelligence techniques like machine learning algorithms to improve their businesses will need to either have or acquire copious amounts of data, which will only become more valuable as the field of AI advances.
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  • “Data will become a currency,” Kenny said.
  • “Data is the new oil,” Shivon Zilis, a partner with the venture capital firm Bloomberg Beta, said about data’s increasing value.

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@IBMWatson: ““The value of data goes up every day #AI advances.” – Watson’s @davidwkenny @FortuneMagazine”


Artificial experts from IBM, MIT, and Bloomberg Beta explained the importance of data at Fortune’s Brainstorm Technology conference.


Data Is The New Oil

Sony Is Trying to Resuscitate Its Artificial Intelligence Machine

Sony Is Trying to Resuscitate Its #AI #DeepLearning Machine - Fortune

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  • “And we have a number of products in the physical world.
  • “But there are still unexplored areas-some in cyberspace but vastly more in the physical world,” Kitano said.

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@MikeTamir: “Sony Is Trying to Resuscitate Its #AI #DeepLearning Machine – Fortune”


Sony is reviving its long-dormant artificial intelligence business with an investment in U.S. start-up Cogitai.


Sony Is Trying to Resuscitate Its Artificial Intelligence Machine

How Behavioral Economics Helps Entrepreneurs—and March Madness Pickers

#BigData? #IoT? #AI?
How #BehavioralEconomics Helps Entrepreneurs

#fintech #startup #biases

  • But choice architecture’s actual point is to help consumers more easily get to the choice that best serves them .
  • So now let’s take a moment to look at how understanding behavioral economics can be essential in helping entrepreneurs become better business leaders-and March Madness pickers.
  • The good news for entrepreneurs-and bracket pickers-is that data science and well-structured teams can help us “think slower” and ameliorate such cognitive biases.
  • Market data provided by Interactive Data .
  • In one experiment conducted at a racetrack, gamblers were asked how confident they were in their bets either immediately before or after placing their bets; those polled afterward were significantly more confident in their choice than those asked beforehand.

Read the full article, click here.


@andi_staub: “#BigData? #IoT? #AI?
How #BehavioralEconomics Helps Entrepreneurs

#fintech #startup #biases”


Behavioral economics explains a lot of the biases that distort the choices made by entrepreneurs and March Madness bracket pickers.


How Behavioral Economics Helps Entrepreneurs—and March Madness Pickers

Tech CEOs Declare This the Era of Artificial Intelligence

Tech CEOs Declare This the Era of Artificial Intelligence #AI #BigData @FortuneMagazine

  • IBM CEO Ginni Rometty said the company has been working on artificial technology, which she calls a cognitive system, since 2005 when it started developing its Watson supercomputer.
  • Tech CEOs Declare This the Era of Artificial Intelligence
  • Amazon CEO Jeff Bezos predicted a profound impact on society over the next 20 years.
  • Sundar Pichai, chief executive of Alphabet’s Google, said he sees a “huge opportunity” in AI.
  • Big tech companies including Amazon have an edge at present because they have access to large amounts of data but hundreds of AI startups will hatch in the next few years, he said.

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@cybersecboardrm: “Tech CEOs Declare This the Era of Artificial Intelligence #AI #BigData @FortuneMagazine”


AI is expected to balloon into a $70 billion industry by 2020.


Tech CEOs Declare This the Era of Artificial Intelligence