FiveAI raises £32 million to commercialise its autonomous driving technology

UK-based self-driving car startup FiveAI has raised £32 million ($41m) in venture capital as it looks to turn the autonomous driving research it has conducted into commercial products and services.

The startup has also developed a cloud-based platform in order to manage some of the challenges that could not be addressed within the car.

According to FiveAI, the latest round of funding will be used to turn these cloud and in-car systems into products. The aim is to...

Amazon makes three major AI announcements during re:Invent 2019

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Amazon has kicked off its annual re:Invent conference in Las Vegas and made three major AI announcements.

During a midnight keynote, Amazon unveiled Transcribe Medical, SageMaker Operators for Kubernetes, and DeepComposer.

Transcribe Medical

The first announcement we'll be talking about is likely to have the biggest impact on people's lives soonest.

Transcribe Medical is designed to transcribe medical speech for primary care. The feature is aware of...

Google Cloud AI Platform updates make it ‘faster and more flexible’

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Google has issued several updates for its Cloud AI Platform which aims to make it ‘faster and more flexible’ for running machine learning workloads.

Cloud AI Platform is Google’s machine learning platform-as-a-service (ML PaaS) designed for AI developers, engineers, and data scientists. The platform is end-to-end and supports the full development cycle from preparing data, to training, all the way to building and deploying machine learning models.

Among the most...

Microsoft and OpenAI join forces in the quest for artificial general intelligence

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Microsoft has announced a $1 billion investment in OpenAI as part of a shared ambition to achieve the holy grail of artificial general intelligence (AGI).

If you’ve spent your life binging on sci-fi flicks and shows, today’s AI is far from the likes of HAL and Jarvis. For those kinds of experiences, AGI is needed.

Sam Altman, CEO of OpenAI, said:

“The creation of AGI will be the most important technological development in human history, with the potential...

Why Microsoft leads the AI patent race going into 2019

There have been over 154,000 AI patents filed worldwide since 2010 with the majority being in health fields (29.5%), Industry-specific solutions (25.3%) and AI-based digital security (15.7%). AI-based marketing patents are the fasting growing global category, reaching a compound annual growth rate (CAGR) of 29.3% between 2010 and 2018. The second- and third-fastest growing global AI patent categories between 2010 and 2018 are AI-based digital security (23.4% CAGR) and AI-based mobility (23%...

Box will launch ‘Skills Kit’ for building custom AI integrations

California-based cloud content management and file sharing service provider Box recently announced that its Skills Kit platform, which allows organisations and developers to build AI integrations for interacting with stored content on their own, will be available to all customers in December 2018. The Box Skills framework was first announced in 2017 and was developing an additional layer called ‘Box Skills Kit’ since inception. The latter is a toolkit that allows companies to develop their...

AI to fuel cloud computing growth, says ACCA chairman

Bernie Trudel, chairman of the Asia Cloud Computing Association (ACCA), while addressing the audience at the Cloud Expo Asia conference in Singapore, said that he expects AI to fuel cloud computing growth. He said that although AI only accounts for 1% of the global cloud computing market currently, its share of the overall IT market is growing at 52%. Trudel added, “We’re starting to see AI having a significant impact on cloud computing. If you extrapolate what the analysts are saying,...