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Retina Launches AI, Machine Learning Tool For E-commerce Companies

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Los Angeles-based Retina , a startup which develops machine learning and artificial intelligence software for predicting customer lifetime value (CLV) of a company's customer, said it has launched a new tool that it is offering up to small to middle-market e-commerce businesses. READ MORE>>.

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AT&T Ramps Artificial Intelligence Efforts

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AT&T --which has been ramping its operations and presence in the tech world in Los Angeles--said today that it is unveiling a new artificial intelligence (AI) platform called Acumos. The new, open-source platform is aimed at enabling programmers and researchers to more easily develop machine learning and AI software.

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Seed Health Acquires Auggi

socalTECH

Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced.

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Elementary Picks Up $30M For Manufacturing AI

socalTECH

Los Angeles-based Elementary, which is developing artificial intelligence, machine vision software for the manufacturing industry, said Thursday that it raised $30M in its Series B funding. Arye Barnehama is the Founder and CEO of Elementary.

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How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik

socalTECH

One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors including finance. One Los Angeles company, ZestFinance (www.zestfinance.com), has been working in this area for a few years.

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Ferret Finds $4M For AI Tools

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Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said it is developing machine learning algorithms which help users determine who they can trust in real time.

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DGene Snags $20M For Film Restoration Software

socalTECH

DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group.