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Artificial Intelligence Can Help Or Hurt Any Business

Startup Professionals Musings

Image via Pixabay Everyone has heard about the big potential for using artificial intelligence (AI) to expand your business, but many of the small businesses I mentor are still wary of embracing it, because they don’t understand how it works, and fear losing control and unintended consequences. Individual biases must be excluded.

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Miku Tackles Smart Baby Monitor Market

socalTECH

Miku--which launched its product at CES 2019--says its sensors connects with smartphones "from anywhere in the world" and sends alerts to parents using AI and machine learning technology, using both optical and wireless sensing.

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GumGum Gets $22M More For Advertising AI Software

socalTECH

Santa Monica-based GumGum , which develops artificial intelligence software for the advertising and media market, has raised $22M more in a funding round, the company said on Thursday. Licht is a marketing and brand partnership consultant for AllBright, Illumination Animation, the Metrograph and Exploding Kittens.

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Cubic Buys GRIDSMART For $87M

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San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. Cubic said GRIDMSART is expected to add $35M in sales and $8M in Adjusted EBITDA for the 2019 calendar year. The deal was worth $87M in cash.

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AWM Smart Shelf Launches Automated Market In OC

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Santa Ana-based AWM Smart Shelf (Adroit Worldwide Media), which develops computer vision and machine learning technology, says it has opened up its very first "autonomous micromarket" in Santa Ana, which lets residents of the Nineteen01 luxury apartment community shop for sodas, water, juice, food, and more--all without the need for a clerk.

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Camino Financial Expands Exec Team

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Camino Financial's biggest backer is Mexican financial services company Credito Real, which led an investment in the company in 2019. Guschchyan previously was Director of Marketing and Analytics at Go. Herrera previously was a Senior Manager of Community Development Lending at Charles Schwab Bank.

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Reali Finds $20M For Expansion To Southern California

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Reali , a Silicon Valley startup which offers up a high-tech, and artificial intelligence-enabled real estate service, said this week that it has raised $20M in a Series B funding round, which it specifically will use to launch in Southern California. The funding was led by Zeev Ventures, and also included Signia Venture Capital.