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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.

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Resolve Systems Buys FixStream For $24M

socalTECH

Irvine-based Resolve Systems , a developer of IT automation and orchestration software, announced today that it has acquired FixStream , a developer of artificial intelligence IT automation software. Resolve Systems said the deal will help it create a unified platform which combines artificial intelligence with automation.

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Seismic Acquires Grapevine6

socalTECH

Seismic said the buy will power a new integrated offering it is calling Seismic LiveSocial, which will use the artificial intelligence (AI) engine created by Grapveine6. Grapevine6 was based in Toronto, Canada, and had been founded in 2013. READ MORE>>.

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Sonos Buys Snips For Voice Technology In $37.5M Deal

socalTECH

Santa Barbara-based Sonos said on Wednesday afternoon that it has acquired Snips , a developer of an artificial intelligence platform for enabling voice interaction with connected devices. Snips has over 50 employees, and is based in Paris, France; the company was founded in 2013.

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Freeletics Finds $45M For Digital Workout App

socalTECH

Freeletics says its app is focused on promoting both physical fitness as well as mental strength, willpower, and self-confidence, and uses artificial intelligence technology to help hone those workouts. Although the round is a Series A funding for the company, Freeletics was actually founded in 2013. READ MORE>>.

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9 Innovative Startups To Watch For in 2024

Tech.Co

As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. Calendly now serves a mind-blowing ten million users globally, and its tiered model is paying dividends, with the startup’s revenue growing to $276.1

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The Five Major Tech Trends of 2016

Xconomy

“Cognitive computing,” artificial intelligence, machine learning, and advanced data analytics are evolving companies’ understanding of their customers in game-changing ways. To augment and overcome physical distance, we are starting to use drones, virtual reality, and driverless cars.