Splice Machine, a self-described data platform for “operational” artificial intelligence (AI), today announced that it’s raised $16 million in series B financing led by GreatPoint Ventures (GPV), with minority equity participation from Accenture Ventures and individual investor and SunBridge Group CEO Allen Miner. The influx of fresh capital — which follows on the heels of a $9 million round led by Salesforce Ventures in December 2017, and which brings Splice Machine’s total raised to $58 million — will be used to “further innovate” its product portfolio and grow its engineering and sales teams, according to CEO Monte Zweben. As part of the latest financing round, Zweben says the company will invest “heavily” into its recently announced partnership with Accenture to “meet the increased global demand” for operational AI platforms, a market that analysts at IDC expect to reach $60 billion by 2022. … [Read more...] about Splice Machine raises $16 million for unified machine learning platform
Machine learning cloud
Security measures have increased significantly in the last several years, and malicious actors have similarly advanced their techniques to keep pace, particularly with advances in attack methods such as fileless malware. Likewise, the security model of 'serverless' computing platforms like AWS Lambda are completely different from traditional computers. These itinerant computing concepts are not effectively secured by the traditional model of checking file hashes against known malware samples. For a robust, modern defense, an adaptive monitoring solution that leverages machine learning to identify anomalous patterns indicative of an attack in its infancy is necessary to defend enterprise systems from cyberattacks. Much of the groundwork for this has been laid over the last several years, with endpoint detection services analyzing system events. "Network connection opened, registry key modified, process created… You build this catalog of really security relevant behaviors. The … [Read more...] about How AI and machine learning can help you defend the enterprise from cyberattacks
Here Technologies, the company behind the popular mapping and location platform, has revealed that it’s investing €25 million ($28 million) in a new machine learning research institute that will crunch geolocation data on an industrial scale. The Institute for Advanced Research in Artificial Intelligence (IARAI), as it will be known, will be based in Vienna, Austria. Here stresses that despite its financial backing, the institute will be an independent entity, led by Dr. Sepp Hochreiter, a professor at Johannes Kepler University’s Institute for Machine Learning; and Dr. David Kreil, a data science lead at Vienna’s Boku University. Here will, of course, provide its location-based datasets and wider expertise, while in return it will be able to access any new technologies that emerge from the hub. The IARAI will serve to research machine learning technologies that will “deepen the location intelligence needed to build an autonomous … [Read more...] about Here Technologies to fund a $28 million research institute that applies machine learning to geolocation data
For artificial intelligence and machine learning, the era of expansive hype and limited substance is swiftly coming to a close. Organisations big and small have progressed from researching AI and ML’s potential to purchasing and deploying the technologies — confident that these investments will deliver substantive benefits.Venture capital investment in AI now tops $3 billion annually, and the number of active startups in the U.S. that are developing AI technologies has gone up by a factor of 14 since 2000. Despite this momentum, the industry is still in the early days of delivering enterprise-relevant AI- and ML-backed solutions that are manageable and provide high ROI. Early adopters, however, are already achieving significant benefits. Deloitte surveyed 250 early adopters of AI and found that 83 percent said they “have already achieved either moderate or substantial benefits from their work with these technologies” across a wide spectrum of business … [Read more...] about 2019: the year AI and machine learning transform businesses with new data interaction
What is the single greatest adaptation of the human species? Definitely not our impressive physique, wooly coats, or prodigious olfactory capabilities. We kind of suck at all of those. Our greatest trait is pattern recognition. In fact, it’s so strong that we often read patterns where none exist. (See: astrology.)Historically, our ability to recognize patterns let us deduce when danger was near in time to take action. It also let us develop languages more complicated than a series of grunts and associations. You could even say it’s the foundation of modern science. Rise of the Machines In ye olde times, machines were notoriously bad at pattern recognition — they could really only follow a set of pre-programmed instructions. The rise of machine learning has yielded systems and devices that can actually interpret data and use it to improve themselves. Machine learning already touches nearly every aspect of our lives, changing them for the better. As good as we are at … [Read more...] about What’s next for machine learning?