Artificial intelligence startup Genus AI scores $1m

  • Genus AI will use the money to expand its technology team in London and boost its sales operations in the US – the startup’s primary market.
  • Despite increasing amount of data and computing power organisations are still struggling to engage with customers in an authentic way,” said Tadas Jucikas, CEO and co-founder of Genus AI.
  • “At Genus AI we are building a new kind of artificial intelligence system which helps us inform and have a positive impact on the real world.
  • Our technology has been in development with our customers for almost two years and I am extremely excited to welcome our new investors to help us bring Genus AI to the next level of growth,” he continued.
  • Set up alongside Brent Clickard and Tobias Kloepper, Genus AI leverages machine learning, neuroscience, psychology and behavioural sciences to enable customers to engage with brands in an emotionally intelligent way.

The round was led by early-stage technology investment firm Picus Capital.
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Impact of Artificial Intelligence on Paid Advertising

  • Perhaps no advancement over the past decade has had more of an impact on paid advertising, especially with Google AdWords and Facebook PPC than Artificial Intelligence (AI).
  • In other words, it is the gathering of information on the personal habits of the potential customer so that paid advertising can be better directed at the right audience.
  • Over the past few years, AI has had a major impact on the collection, interpretation, and distribution of the information provided to marketers so they can purchase advertising in the right places.
  • How Google AdWords and Facebook PPC Have Been Affected by AI

    The primary impact of AI on paid advertising has been information about the potential customer.

  • Over the past few years, the effect of the paid advertising has grown considerably because the AI has been able to better target potential leads and customers to a far greater degree than before.

How Google AdWords and Facebook PPC Have Been Affected by Artificial Intelligence? Explore Impact of Artificial Intelligence on Paid Advertising.
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Microsoft Ventures out to Democratize AI

Microsoft Ventures out to Democratize AI  #AI #Microsoft

  • Launched in early 2016, Element AI enables organizations to develop their own AI solutions by implementing an “AI-First” strategy.
  • “Microsoft is committed to democratizing AI with guiding principles to drive positive impact.
  • Element AI, a Canada-based AI incubator, was the first recipient of funding from this new fund.
  • Element AI shares our approach and philosophy.”
  • “We all know ‘You’re only as good as your tools’ and now Element AI is getting supercharged with Microsoft Ventures,” says Jean-François Gagné, CEO, Element AI. “

Microsoft is taking big steps to make its mark in the Artificial Intelligence (AI) sector.
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Ideas for life

How can we use #AI to change the world? Read Vinod Kumar's new blog from #CEOSummit 2016:

  • The team realised that with the use of intelligent systems the world could operate an entire economy underpinned by the value of water.
  • “Water for life” chose to address the worldwide shortage of water and believed that AI held some of the answers.
  • Tags: ceo summit , Collaboration , connected world , CSR , executive , global business , innovation , moonwalk , Tata Communications
  • So the Water for Life team conceived of a system where people, businesses and governments were awarded credits for the good husbanding of water while those who wasted it received debits.
  • Vinod Kumar is Managing Director of Tata Communications Limited and CEO of Tata Communications Limited Group, part of the $96.79 billion Tata Group.

Last month’s CEO Summit in Ascot concluded with the CEO Hackathon.  This came after an intensive 24 hours in which approx. 50 CEOs were informed about the latest developments in Artificial Intelligence and debated what must be done to ensure AI has a positive impact on business and society.
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