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.
Four Waterloo companies receiving $41 million for quantum, AI projects (BETAKIT)
The funding is being made through FedDev Ontario, as part of the Strategic Innovation Fund, to help support the four organizations’ respective projects, with total project costs totaling $101.8 million, according to ISED.
Element AI and Gore Mutual announce first AI-powered insurance underwriting collaboration (BETAKIT)
Element AI and Gore Mutual Insurance Company are working together to integrate Element AI’s Underwriting Partner software with insurance company’s underwriting practice.
Industrial robotics giant Fanuc is using AI to make automation even more automated (TECHCRUNCH)
Industrial robotics giant Fanuc wants to make robots easier to train, therefore making automation more accessible to a wider range of industries, including pharmaceuticals.
New Google Cloud AI Platform unifies AI development tools (HBR)
Of more than 150 such experts drawn from a larger global survey on AI in the enterprise, almost 60% say their old job descriptions are rapidly becoming obsolete in light of their new collaborations with AI.
Canada, France, UK join forces to explore societal implications of AI (BETAKIT)
The international AI & Society research workshops will consider the economic, ethical, policy, and legal implications of artificial intelligence on society.
NuvoAir raises $3M to help patients monitor respiratory diseases with AI (TECHCRUNCH)
NuvoAir has now closed a financing round of $3 million led by venture capital firm Industrifonden, one of the largest life science and tech investors in the Nordics.
London AI startup Cytora raises £25M from Swedish backer EQT Ventures (CITYAM)
Cytora, a provider of artificial intelligence (AI) technology to transform commercial underwriting in insurance, has today closed a £25M series B funding round led by EQT Ventures.
Stripe backs $40 million investment in AI accounting service pilot (FORTUNE)
The startup also announced the launch of a new product called Pilot Tax, which is part of its larger ambitions to handle all of its clients back-end operations.
Ample Labs supporting Toronto’s homeless population with chatbot (BETAKIT)
ChalmersBot is a web-based chatbot that offers the homeless population real-time information on overnight shelters, clothing banks, drop-in facilities, and free meals in the city.
Aidoc, the AI solution for medical imaging analysis, raises $27M Series B (TECHCRUNCH)
Offering a solution aimed at radiologists — and already deployed commercially across 100 sites — Aidoc claims to be able to detect high-level visual abnormalities from various types of medical scans.
PathAI raises $60 million for AI pathology and diagnostic tools(VENTUREBEAT)
PathAI, a startup that employs machine learning techniques to improve diagnostic accuracy, today announced that it’s raised $60 million in series B funding led by growth equity firm General Atlantic, with General Catalyst participating.
Facebook confirms it’s working on an AI voice assistant for Portal and Oculus products(THEVERGE)
Facebook has confirmed a report from earlier today saying it’s working on an artificial intelligence-based digital voice assistant in the vein of Amazon’s Alexa and Google Assistant.
Cytora secures £25M Series B for its AI-powered commercial insurance underwriting solution (TECHCRUNCH)
Powered by AI, Hartley claims that Cytora is able to distill the seven-day underwriting process down to 30 seconds via its API.
