Microsoft to Buy AI and Speech Recognition Provider Nuance

Microsoft is on track to acquire Nuance Communications, an AI and speech recognition software company, for about $16 billion. The company intends to expand its offerings in medical computing; Nuance already has speech and text data related to healthcare, an established customer base and the transcription tool Dragon. According to Microsoft, the purchase will “double the size of the healthcare market where it competed to almost $500 billion.” With the purchase, Microsoft could also develop advanced AI solutions for the workplace across numerous industries. Microsoft’s last big purchase was LinkedIn, for $26.2 billion in 2015.  Continue reading Microsoft to Buy AI and Speech Recognition Provider Nuance

Nasdaq, Intel Team on Homomorphic Encryption in the Cloud

Nasdaq and Intel have partnered to advance homomorphic encryption (HE), which allows AI and machine learning computations on data without having to decrypt it. Nasdaq will adopt HE to be used with Intel’s latest processors. Intel is also exploring the encryption technology with the Defense Department’s DARPA. Nasdaq’s exploration of HE in a business setting is aimed to lead to tools that can focus on preventing fraud and money laundering. Healthcare is another field that is expected to benefit from HE. Continue reading Nasdaq, Intel Team on Homomorphic Encryption in the Cloud

IBM Debuts Advanced Encryption Service After Years of R&D

As data moves to the cloud, security has become increasingly important. Fully homomorphic encryption (FHE) has been developed in labs and is nearly ready to emerge to enable artificial intelligence and machine learning use cases for that data. Microsoft and Intel have been proponents of homomorphic encryption, which follows the data across systems. In December, IBM released its first FHE services, which include educational materials, prototyping environments for companies that want to experiment and support. Continue reading IBM Debuts Advanced Encryption Service After Years of R&D

GPT-3: New Applications Developed for OpenAI’s NLP Model

OpenAI’s natural language processing (NLP) model GPT-3 offers 175 billion parameters, compared with its predecessor, GPT-2’s mere 1.5 billion parameters. The result of GPT-3’s immense size has enabled it to generate human-like text based on only a few examples of a task. Now, many users have gained access to the API, and the result has been some interesting use cases and applications. But the ecosystem is still nascent and how it matures — or whether it’s superseded by another NLP model — remains to be seen. Continue reading GPT-3: New Applications Developed for OpenAI’s NLP Model

New Meta-Optic Lens Tech Enters Commercial Development

Massachusetts-based startup Metalenz, just out of stealth mode, is readying the debut of an entirely new lens system for smartphones. Its single flat lens system, based on optical metasurfaces, reportedly produces an image of the same or better quality as traditional lenses, while enabling brighter photos by collecting more light, and offering new forms of sensing. The company just announced a $10 million investment that will enable it to scale production and speed up development of miniature optics and a new lens system targeting smartphones, consumer electronics and applications in the automotive and healthcare industries. Continue reading New Meta-Optic Lens Tech Enters Commercial Development

CES: AT&T and Qualcomm Executives Discuss 5G Use Cases

Deloitte Consulting principal Dan Littman, AT&T Business chief executive Anne Chow and Qualcomm Technologies senior vice president of engineering Alejandro Holcman discussed current and future 5G use cases and obstacles to deployment during a CES 2021 session. Chow noted her group is seeing “the smart factory of the future,” especially due to sensitivities over human contact and proximity during COVID-19. “Education is similar,” she said. “We’re still heavily virtual and we won’t go [all the way] back to the way it was.” Continue reading CES: AT&T and Qualcomm Executives Discuss 5G Use Cases

CES: Identifying Consumer Trends Shaping the New Normal

The Harris Poll’s CEO John Gerzema and Mastercard’s EVP of North America marketing and communications Cheryl Guerin presented data from their recent joint market research study of COVID-19’s impact on digital commerce. They grouped their findings around four key trends: The Touchless Revolution, The Betterment Boom, The Rise of Revenge Spending and The Uncalendared Year. The presentation was followed by a 30-minute discussion with panelists Julia Hammond of MDC Partners, DyShaun Muhammad of Uber, Lou Paskalis of Bank of America and Katie Riccio Puris of TikTok. Continue reading CES: Identifying Consumer Trends Shaping the New Normal

Passage of California Prop 22 Is Big Victory for Gig Economy

California voters overwhelmingly approved Proposition 22, which will allow gig workers for Uber, Lyft, DoorDash and others to remain independent contractors. These three companies created the proposition to exempt them from a state labor law that would require them to treat drivers as employees and pay for healthcare, unemployment insurance and other benefits. Proposition 22 does include a wage floor and some benefits for drivers. San Francisco, headquarters for Uber and Lyft, presented the strongest opposition. Continue reading Passage of California Prop 22 Is Big Victory for Gig Economy

Gig Economy Companies Fight for California’s Proposition 22

DoorDash, Lyft and Uber executives had already pledged $90 million to back California Proposition 22, exempting them from a new state labor law requiring gig workers to be reclassified as employees. But, said sources, political strategists told them they needed to spend even more to have a chance of passing the measure. Now, as we get closer to the November 3 election, backers have spent almost $200 million. A UC Berkeley poll found only 39 percent of likely voters support the measure and 36 percent are opposed. Continue reading Gig Economy Companies Fight for California’s Proposition 22

House Bill Aims to Speed Expansion of Gigabit Internet in U.S.

House Majority Whip James Clyburn (D-South Carolina) and former House Energy and Commerce Committee chair Fred Upton (R-Michigan) introduced a bill to speed up distribution of the $16 billion the FCC earmarked to expand broadband infrastructure to rural areas. The FCC currently plans to disburse the money in an October auction, but rural areas today cannot access remote schooling or healthcare resources. Thirty-nine state attorneys general are also pressing Congress to increase broadband funding for these areas. Continue reading House Bill Aims to Speed Expansion of Gigabit Internet in U.S.

Microsoft Planning for Teams to Become Ubiquitous Platform

Microsoft 365 corporate vice president Jeff Teper wants Microsoft Teams — the company’s fastest growing business app — to overtake Windows, currently on 1+ billion active devices. With the COVID-19 pandemic, Microsoft Teams is experiencing significant growth, with 75 million daily active users as of April 29, a 70 percent leap in six weeks. In April, 200+ million participants used Teams in a single day. Meanwhile, Microsoft is still promoting Skype, which in March passed 40 million daily active users (up 70 percent from the previous year), but for a different customer base. Continue reading Microsoft Planning for Teams to Become Ubiquitous Platform

Robots and Drones Make More Deliveries During Pandemic

All around the globe, from China to Israel to the U.S., robots and drones are delivering everything from groceries to medical supplies during the coronavirus pandemic without the threat of transmitting COVID-19. In Sacramento, for example, startup Nuro’s R2 robots are delivering personal protective equipment, clean linens and food from a supply depot to a field hospital. But, as many businesses and governments are eager to use robots, the startups that make them are challenged to ramp up production to meet demand. Continue reading Robots and Drones Make More Deliveries During Pandemic

The State of AI in Media & Entertainment: Pedal to the Metal

As the world turns its sights on the “new normal,” the future of the media and entertainment industry is starting to come into focus. Cloud-based everything. Internet of Production. Digital distribution. Automation. Truth is, most of these changes were already in progress. It’s the timeline that has been dramatically shortened: 5-year plans now have to be implemented in 5 months. And among the handful of technologies being fast-tracked, artificial intelligence holds a special place because of its ability to solve two of the industry’s most pressing post-COVID challenges: (1) how to better manage its inherent product risk, and (2) protect and optimize its precious financial, human and technological resources. Continue reading The State of AI in Media & Entertainment: Pedal to the Metal

Pandemic Pushes the Demand for Thermal Imaging Cameras

FLIR Systems and Seek Thermal, two manufacturers of thermal imaging equipment, are working overtime to meet demand for companies preparing to return to work. One essential criterion for reopening has emerged as the ability to detect body temperatures of workers, to prevent spread of the coronavirus. Oregon-based FLIR’s shares rose about 16 percent after Reuters reported that Amazon plans to use thermal cameras at its warehouses and Whole Foods stores, although neither FLIR not Seek were listed as the supplier. Continue reading Pandemic Pushes the Demand for Thermal Imaging Cameras

Amazon Scales Up to Address Demand During the Pandemic

After prioritizing essential products, such as cleaning and healthcare items, Amazon is again allowing third-party sellers to ship non-essential products. Its refusal to accept shipments of such products frustrated its third-party sellers that form 58 percent of Amazon’s overall sales. Amazon, which will limit quantities of non-essential products, is hiring 75,000 more employees to keep up with demand. The company also asked new Amazon Fresh and Whole Foods Market delivery/pickup customers to join a waitlist. Continue reading Amazon Scales Up to Address Demand During the Pandemic

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