A|I: The AI Times – A modest vision

Plus: Applications close May 31 for Amii’s AI program for women and gender-diverse people.

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page.

Vector Institute awards nearly $2 million in scholarships for Ontario AI students (BETAKIT)

Valued at $17,500, the Vector Scholarship in Artificial Intelligence (VSAI) is a merit-based award that recognizes top candidates pursuing either one of the over 20 Vector-recognized master’s programs, or individual AI study paths in Ontario.

Inflection AI, led by LinkedIn and DeepMind co-founders, raises $225M to transform computer-human interactions (TECHCRUNCH)

Palo Alto, California-based Inflection has kept a low profile to date, granting relatively few interviews to the media. But in CNBC profile from January, Suleyman described wanting to build products that eliminate the need for people to simplify their ideas to communicate with machines, with the overarching goal being to leverage AI to help humans “talk” to computers.

Fobi AI inks deal to acquire Basket and bolster coupon aggregator offering (BETAKIT)

Basket is a digital platform that price checks shopping items between stores. With its technology, users are enabled to compare prices to find the best deals and promotions. Fobi noted that Basket’s integration would provide the former’s own coupon solutions with a combined offering of price, consumer packaged goods (CPG) promotions, shopper, and retail insights, as well as transactional data and measurement.

Exclusive: Facebook-owner Meta tells hardware staffers to prepare for cutbacks (REUTERS)

Chief Technology Officer Andrew Bosworth told Reality Labs staffers during a weekly Q&A session on Tuesday to expect the changes to be announced within a week, according to a summary of his comments viewed by Reuters.

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Applications close May 31 for Amii’s AI program for women and gender-diverse people (BETAKIT)

Delivered across nine weekly online sessions from June to August with some additional in-person events, the Kickstart Program aims to guide women and gender-diverse individuals as they pursue careers in artificial intelligence (AI).

Evisort embeds AI into contract management software, raises $100M (VENTUREBEAT)

For lawyers and the organizations that employ them, time is quite literally money. The business of contract management software is all about helping to optimize that process, reducing the time and money it takes to understand and manage contracts.

Visier makes first acquisition, acquiring Yva.ai’s tech and team to expand understanding of how employees work (BETAKIT)

Both companies declined to disclose the financial terms of the transaction, which represents Visier’s first acquisition to date. The move comes about 10 months after Visier secured $154 million CAD in equity Series E funding from Goldman Sachs at a $1.2 billion valuation.

Clearview AI to stop selling facial recognition tool to private firms (THE WASHINGTON POST)

A facial recognition company whose massive database has been used to identify Russian soldiers killed in Ukraine has agreed to stop its sales to private companies in the United States as part of a landmark settlement reining in a technology criticized as threatening Americans’ privacy rights.

Alberta government launching internal AI lab powered by AltaML (BETAKIT)

Led by AltaML, with support from Mitacs, the lab will create pilot programs that could potentially be commercialized and turned into internal government products or products that can then be sold or exported.

Google’s I/O Conference Offers Modest Vision of the Future (NEW YORK TIMES)

Artificial intelligence is being woven into an array of the company’s products. But the change — for now — is subtle.

Tilr secures $1.3 million grant from Ontario through Skills Development Fund (BETAKIT)

Founded in 2017, Tilr offers a talent intelligence platform that uses AI to help human resources professionals measure and manage skills in their workplaces. Its first product helps recruiters source candidates by automatically evaluating and ranking database profiles based upon skills.

Employers are being warned that the use of algorithms and AI technology in hiring could violate the Americans with Disabilities Act (INSIDER)

Employers are being warned that the use of algorithms and AI technology in hiring could violate the Americans with Disabilities Act.

Michael Edgar

Michael Edgar

Michael is a multimedia journalist working out of the U.K. and a staff writer for BetaKit.

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