ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]
C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]
Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]
In an effort to improve services for patients, healthcare companies are focusing on acquiring and developing AI technologies to enhance administrative and operational capabilities. Last year, global AI venture capital investments in the healthcare and pharmaceutical sector reached $2.4B compared with $1B in the prior year. [more]
Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspend or postponed work. Q2/2020 Revenue was $1.73M, a decrease of 22%, compared to $2.21M in Q2/19, but in-line with our estimate of $1.77M. [more]
The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]
According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]
Digital Marketing Agency evolving into a data & analytics company as EQ’s data segment grows 112% Y/Y and the company signs key partnerships with data and service providers across Advertising, Banking, Financial and Insurance industries. [more]
Peak has created six operating subsidiaries in China focusing on FinTech solutions, primarily in the commercial credit industry. Software should be used to allocate government relief funds in China to coronavirus affected businesses. [more]
Intel is putting focus on its Data Centre as A.I. business grows 20% year-over-year to US$3.5 billion in 2019. [more]
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