Microsoft considers acquiring Siri creator Nuance for $16 billion

Microsoft is considering acquiring Siri creator Nuance for $16 billion in a deal that’s expected to be announced imminently.

Silicon Valley darling Nuance is one of the world’s most recognisable AI companies for the creation of Siri, the voice assistant that would later go on to become Apple’s first-party solution.

Nuance now focuses its efforts predominantly on enterprise communications, particularly in the healthcare space which has seen increased interest amid...

Research finds 1.4 million UK jobs could be automated this year

According to a Faethm AI forecast, over 1.4 million jobs in the UK could be replaced by automation this year alone.

Faethm’s mission is to prepare the world “for the future of work” by using an AI engine – trained on billions of workforce data points – to predict what jobs need reskilling versus upskilling.

James McLeod, VP of the EMEA region at Faethm, said

“Employers and employees alike need to change their perspective. The future of work is...

Opinion: What is real intelligent automation?

Intelligent automation reduces costs, improves efficiency and allows businesses to initiate change through technology. When applied to business operations or customer services, it has proven to be an invaluable piece of technology as it improves productivity thus saving time in the process with quicker responses. With intelligent automation, manufacturing giant Siemens has driven 10 times faster processes at a tenth of the cost.

However, some software vendors place commodity...

Algorithmia: AI budgets are increasing but deployment challenges remain

A new report from Algorithmia has found that enterprise budgets for AI are rapidly increasing but significant deployment challenges remain.

Algorithmia’s 2021 Enterprise Trends in Machine Learning report features the views of 403 business leaders involved with machine learning initiatives.

Diego Oppenheimer, CEO of Algorithmia, says:

“COVID-19 has caused rapid change which has challenged our assumptions in many areas. In this rapidly changing environment,...

IDC: Half of AI projects fail for one in four companies

Research from IDC has found that half of AI projects fail for one in four companies on average.

Put in such a context, the research offers little comfort for businesses considering AI investments. On the other hand, it means half of AI projects are successful for three out of four companies; a far more incentivising statistic.

The two leading reasons for an AI project failing are:

A lack of required skills.Unrealistic expectations.

IDC’s research found...

AI in the workplace: a blessing, not a curse

Artificial intelligence is beginning to permeate many aspects of our daily lives – it’s embedded into apps on our smartphones, leading the charge in entertainment, it’s helped to modernise industries such as manufacturing and the supply chain, and it’s promising to make a big difference in the world of medicine.

At its core, AI has a huge amount of potential to improve the way people work: think automating cumbersome processes, or helping employees be more efficient by...

Microsoft wants to get business leaders up to speed on AI

Microsoft is launching AI courses to help business leaders understand how they can harness the technology and gain a competitive advantage.

Last week, AI News reported on a Microsoft study which highlighted that high-growth companies are over twice as likely to be using AI. 41 percent of high-growth companies are using AI compared to just 19 percent of low-growth.

This divide needs to change or small businesses risk falling even further behind. However, overall, less...

Microsoft study indicates US businesses are slow to adopt AI

A Microsoft survey of business leaders from various nations has found US firms are particularly slow to adopt AI technology.

One standout result of the study is that German, British, Russian, Dutch, Swiss, and Italian business leaders are – on the whole – reporting they’re “actively implementing” AI ahead of the US.

In fact, of business leaders from the countries surveyed, only France was behind the US.

The survey did not include all countries and is...