A|I: The AI Times – IBM wants to be a powerhouse (again)

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.


Government picks American-based Honeywell to test quantum encryption in space

The Canadian Space Agency (CSA) has signed a $30 million deal with American multinational Honeywell for the design and implementation of a quantum encryption satellite mission in space.



TechCrunch

Microsoft Power Platform update aims to put AI in reach of business users

If vendors can truly abstract away the complexity of difficult tasks like building machine learning models, it could help mainstream technologies that are currently out of reach of most business users.


BetaKit

MindBridge receives $14.5 million SIF funding to support $140 million AI project

SIF is supporting MindBridge’s $140.8 million project, developing a “first of a kind” software tool.


MIT Technology Review

How a century-old tech giant is making a comeback with AI

IBM is betting that collaboration with universities and other corporations can help it recover its powerhouse status.


Techcrunch

RealityEngines.AI raises $5.25 million seed round to make ML easier for enterprises

RealityEngines.AI, a research startup that wants to help enterprises make better use of AI, even when they only have incomplete data, announced it has raised a $5.25 million seed round.


BetaKit

Gaming software company Unity expanding Montreal office, opening AI Lab

Unity’s Montreal office expansion is expected to create 450 new jobs.


Mint

Yellow Messenger raises Series A funding of $4 million from Lightspeed, others

Yellow Messenger plans to use the funds to expand its deep tech capabilities, its customer success teams, and its presence in high-potential markets across Asia, the Middle East, and other emerging markets.


BetaKit

Skritswap receives $900,000 from Fednor and Women Entrepreneurship Strategy

Skritswap, a company that has developed an AI-powered platform to make complex documents easier to read, has received two federal government investments amounting to $900,000.


SliconAngle

Analog-based AI chip startup Mythic raises $30 million in funding

Mythic says AI systems are only as good as the available memory they can access, so its goal has been to find a way to make that memory more accessible and efficient for AI-powered devices.


Techcrunch

Vectra lands $100 million Series E investment for AI-driven network security

Vectra, a seven-year-old company that helps customers detect intrusions at the network level, whether in the cloud or on premises, announced a $100 million series E funding round led by TCV.


BetaKit

Element AI signs HSBC, its third partnership announcement in four months

Element AI is partnering with HSBC to help the bank develop the capability to analyze data that comes from clients of its Global Banking and Markets division.



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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.