Artificial Intelligence

Artificial Intelligence

Dollar spending on technology

AI firm Sensetime to withdraw $767 mn IPO

After being placed on a US investment blacklist, China-based artificial intelligence start-up SenseTime Group will withdraw its $767 million Hong Kong initial public offering (IPO) and rewrite its prospectus, Reuters reported. The Joe Biden Administration placed SenseTime on a U.S. investment blacklist on Friday. SenseTime will take a decision to cancel the IPO in its current form. The AI company will revise the risk factors in its prospectus in order to restart the IPO process.  The Treasury Department accused SenseTime of having developed facial recognition programs that can determine a...
artificial-intelligence

AI software market to grow at 21.3% to $62.5 bn: Gartner

The size of the artificial intelligence (AI) software market is forecast to increase at 21.3 percent to $62.5 billion in 2022, according to a...
technology deployments in fashion

MySize reveals new retail customers in Russia

MySize, a provider of AI-driven measurement solutions to drive revenue growth and reduce costs, has revealed its new retail customers in Russia. The tier 1 retailers are...
email marketing strategy

OTP Group taps SambaNova Systems to build AI supercomputer

SambaNova Systems announced a partnership with OTP Group, a banking group in Central and Eastern Europe, to build the fastest AI supercomputer in Europe. They will...
jio-for-students

Threads taps MySize for AI-powered measurement solutions

MySize, the developer and innovative measurement solutions, announced that Threads of the UAE has selected AI-drive measurement solution. Threads is one of the largest manufacturers...
US dollar

Levo Credit Union selects Scienaptic AI

Scienaptic AI announced that Levo Credit Union has selected its AI-powered credit decision platform to enable faster loan approvals, reach more members, increase loan approval rates and...
Machine Learning in business

What’s next for AI: Top 4 innovations in machine learning

The advancement of artificial intelligence (AI) has surpassed expectations of the past. AI is a branch of computing that deals with how a machine...
Myntra app

Myntra partners with Revieve to launch AI-powered skincare advisor

Myntra has partnered with a digital brand experience company Revieve, to launch an AI-powered Digital Skincare Advisor. This solution will provide Myntra shoppers with a...
Accenture Industry X.0 model

Accenture buys artificial intelligence firm BRIDGEi2i

Accenture is set to acquire BRIDGEi2i, an India-headquartered artificial intelligence (AI) and analytics firm with additional offices in the US and Australia. The acquisition will...
eCommerce consumer insights and AI

Top 7 benefits of using AI in software testing

​​AI is eating the world. You may have heard of self-driving cars or automated stock market trading bots, but there is another area where...

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