AI Sales Closing In on $500 Billion
Business

AI Sales Closing In on $500 Billion

A new report projects a rosy future for the AI industry.What’s new: A study from market research firm IDC estimates that global revenues for AI software, hardware, and services will reach $341.8 billion in

2 min read
Wake Up and Smell the AI
Business

Wake Up and Smell the AI

Coffee producers are using machine learning to grow better beans.What’s new: Beverage giant Nespresso is rolling out a system to assess the quality of hybrid coffee seedlings using technology from Israeli-Colombian

2 min read
Outstanding in the Field
Business

Outstanding in the Field

One of the world’s largest makers of farm equipment is doubling down on self-driving tractors.What’s new: John Deere agreed to pay $250 million for Bear Flag Robotics, a California startup that upgrades conventional tractors

2 min read
Fresh Funds for U.S. Research
Business

Fresh Funds for U.S. Research

The U.S. plans to build nearly a dozen new civilian AI research labs.What’s new: The U.S. National Science Foundation (NSF) committed $220 million to fund 11 National Artificial Intelligence Research Institutes,

2 min read
Insurance Coverage for AI
Business

Insurance Coverage for AI

The U.S. government’s largest national health insurance plan will pay for hospital use of a deep learning model, building momentum for AI to become an integral part of the doctor’s toolkit.

2 min read
Apple Kicks AI Into High Gear
Business

Apple Kicks AI Into High Gear

After years of trailing other tech giants in AI, Apple has a new ambition: to become the industry’s leading purveyor of products powered by machine learning.What’s new: In an interview with Ars Technica, the

2 min read
Bye Bye Bots
Business

Bye Bye Bots

The independent research lab OpenAI wowed technology watchers in 2019 with a robotic hand that solved Rubik’s Cube. Now it has disbanded the team that built it. What’s new: OpenAI cofounder Wojciech Zaremba revealed that OpenAI

1 min read
Home Sweet AI-Appraised Home
Business

Home Sweet AI-Appraised Home

Real estate websites helped turn automated real-estate assessment into a classic AI problem. The latest approach by a leader in the field gets a boost from deep learning.

2 min read
Flight Paths Optimized
Business

Flight Paths Optimized

An AI system is helping aircraft avoid bad weather, restricted airspace, and clogged runways. What’s new: Alaska Airlines will route all its flights using a system from Airspace Intelligence called Flyways.

2 min read
No Cashier? No Problem
Business

No Cashier? No Problem

Shoppers at Amazon’s newest grocery store can skip the checkout line. What’s new: Amazon opened its first full-scale supermarket that monitors which items customers place in their cart and charges them automatically when they leave. It calls the system Just Walk Out.

2 min read
Irresponsible AI
Business

Irresponsible AI

Few companies that use AI understand the ethical issues it raises.What’s new: While many companies are ramping up investments in AI, few look for and correct social biases in their models, according to a report by the

2 min read
Face Recognition for the Masses
Business

Face Recognition for the Masses

Face recognition tech tends to be marketed to government agencies, but PimEyes offers a web app that lets anyone scan the internet for photos of themself — or anyone they have a picture of. The company says it aims to help

2 min read
Banking on Computer Vision
Business

Banking on Computer Vision

AI-powered surveillance is becoming a staple in U.S. banks. What’s new: Several banks are using cameras equipped with computer vision to bolster security and boost employee productivity, according to Reuters.

1 min read
Wreck Recognition
Business

Wreck Recognition

Automobile insurers are increasingly turning to machine learning models to calculate the cost of car repairs. What’s new: The pandemic has made it difficult for human assessors to visit

1 min read
Cream of the Startup Crop
Business

Cream of the Startup Crop

AI startups continue to roared ahead, global pandemic or no. What’s new: Tech industry analyst CB Insights published its fifth annual list of the 100 most promising private AI companies.

2 min read

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