Balto raises $10 million to analyze call center conversations with AI

Balto, which is developing a conversational AI platform for call centers, today announced the close of a $10 million round. A spokesperson said the capital will enable Balto to triple the size of its go-to-market team while bolstering product development.

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InduNet v1.0 — An industry predictor using company descriptions

Natural Language Processing (NLP) is a large area of research with many relevant applications for businesses. Being able to take in arbitrary text and extracting sentiment, performing translation, auto-suggest/correct are some typical use cases seen. But the applications are of course endless.

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Accurics raises $20 million for ‘self-healing’ cloud monitoring tools

Accurics, a company providing what it describes as “self-healing” infrastructure for cloud environments, has raised $20 million. A spokesperson says the funding will be used to bolster Accurics’ 35-person workforce as it pursues customer acquisition opportunities.

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South Korea wants to develop 50 types of AI chips by 2030

South Korea has set itself the ambitious national target of developing 50 types of AI chips within the next decade. The country’s ICT ministry made the announcement this week as South Korea positions itself to move beyond its historic foothold in memory chips into artificial intelligence semiconductors. South Korea is investing heavily in AI; especially…

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Spotify open-sources Klio, a framework for AI audio research

This week at the 2020 International Society for Music Information Retrieval Conference, Spotify open-sourced Klio, an ecosystem that allows data scientists to process audio files (or any binary files) easily and at scale. It was built to run Spotify’s large-scale audio intelligence systems and…

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When AI hurts people, who is held responsible?

Following a Maricopa County Grand Jury decision, the woman behind the wheel of a semi-autonomous Uber vehicle was charged last month with negligent homicide in the 2018 death of Elaine Herzberg. The lawsuit against the backup driver in the first known autonomous vehicle fatality promises to be a landmark case with the power to shape the future of artificial intelligence in the U.S.

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Snapdocs raises $60 million to expedite mortgage processing with AI

Real estate tech company Snapdocs today closed a $60 million funding round. According to a spokesperson, the proceeds will be put toward product development and expanding the company’s workforce. (Snapdocs plans to double its 225-employee headcount within the next 9 months.)

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Autonomous driving — Becoming a reality soon with Artificial Intelligence (AI)

Machine learning technology is already weaving into many of the applications we human already use by reducing human efforts to solve critical problems in day-to-day life. However the pace at which AI is reforming the mobility industry space, it is pretty clear that driverless vehicles will be soon taking control of how humans and goods move around.

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