Lifeboat Foundation

Head over to our on-demand library to view sessions from VB Transform 2023. Register Here

California-based Virtualitics, a startup providing enterprises with an AI-driven platform for 3D data exploration, today announced $37 million in a series C round of funding. The company said it will use the capital to expand its footprint and add more capabilities to its offering to make it easier for users to analyze and understand complex, business-critical datasets.

The round has been led by Smith Point Capital with participation from Citi and advisory clients of The Hillman Company, among other investors. It takes the total capital raised by Virtualitics, which took off from Caltech and NASA’s Jet Propulsion Lab in 2016, to $67 million.

A team from the University of Chicago.

Founded in 1,890, the University of Chicago (UChicago, U of C, or Chicago) is a private research university in Chicago, Illinois. Located on a 217-acre campus in Chicago’s Hyde Park neighborhood, near Lake Michigan, the school holds top-ten positions in various national and international rankings. UChicago is also well known for its professional schools: Pritzker School of Medicine, Booth School of Business, Law School, School of Social Service Administration, Harris School of Public Policy Studies, Divinity School and the Graham School of Continuing Liberal and Professional Studies, and Pritzker School of Molecular Engineering.

Even if it doesn’t replace lawyers en masse | Business.

Summary.

What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players. But it may not leave the overall system better off.

Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.361588 data-title= What the Finance Industry Tells Us About the Future of AI data-url=/2023/08/what-the-finance-industry-tells-us-about-the-future-of-ai data-topic= Business and society data-authors= Mihir A. Desai data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/08/Aug23_09_5277464-383x215.jpg data-summary=

Continue reading “What the Finance Industry Tells Us About the Future of AI” »

On any given day, Dallas motorists traveling along I-20 or I-45 are likely to be sharing the road with a self-driving truck that has the equivalent of a learner’s permit.

Why it matters: Dallas is the hub of autonomous truck testing and development, thanks to its vital freight corridors, business-friendly policies and generally favorable weather.

Imagine Volkswagen goes the way of Nokia | Business.

Collaboration yields new solutions that tackle complex challenges in defense and aerospace sectors

Companies to showcase live demonstration of quantum-hybrid application at Space & Missile Defense Symposium

BURNABY, British Columbia, PALO ALTO, Calif. & HUNTSVILLE, Ala., August 7, 2023 —(BUSINESS WIRE)— D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers, today announced progress in their collaboration to create solutions that advance national defense efforts. In support of the companies’ joint presence at this week’s Space and Missile Defense Symposium, D-Wave and Davidson Technologies revealed that together they have built two applications, focused on interceptor assignment and optimized radar scheduling.

Will they replace human cosmetics workers?

A report by CBS News.

The article outlined several AI firms that have entered the industry and shared their point of view on its progress.

Continue reading “AI robots can now do manicures and other beauty treatments” »

It turns out robots have a ‘U-shaped’ effect on profits.

Researchers from the University of Cambridge have found that investment in robots can cause a firm’s profits to first decline before rising again, resulting in a so-called ‘U-shaped’ effect on profits.

This is according to a report by TechXplore published on Thursday.

Continue reading “Adopting robots will cause a business’s profits to decline at first” »