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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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Boston A.I. Leaders Call for Focus on Diversity, Global Mindset in 2019

Xconomy

It was an eventful year for the artificial intelligence industry. The sector saw more big venture capital deals and acquisitions , while researchers kept plugging away on technology advances. Meanwhile, A.I. developers continued to grapple with issues around transparency, trust, and ethics.

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From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

Xconomy

It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Artificial intelligence and cybersecurity remained front and center in tech, as new. 2018 was a year of ups and downs for the business and technology community. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic , which last year unveiled its novel computer chip designed for artificial intelligence, announced today that it has raised $40 million in a Series B fundraising round led by the venture capital arm of Japanese telecom and tech giant SoftBank.

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How Next-Gen Chipmakers Are Raising Money, Taking On Tech Giants

Xconomy

But it turns out VCs weren’t the only driving force behind the change in fundraising prospects for the young companies now inventing chips suited for artificial intelligence tasks, and daring to compete with giant chipmakers such as Intel (NASDAQ: INTC ) and Nvidia (NASDAQ: NVDA ), says Silicon Valley Bank ’s Matt Trotter.

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Germany’s Software AG Adds Analytic Tools with Zementis Buyout

Xconomy

Software AG, a German software giant with 4,300 employees, has acquired San Diego-based Zementis, a specialist in machine learning and data science. Financial terms of the deal were not disclosed, according to a statement Friday, after the acquisition closed last week.

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IBM Watson Health Launches Imaging Effort for Cancer, Other Diseases

Xconomy

She’s referring to how much Watson Health has spent on growth , including acquisitions like Merge and Truven Health Analytics. LeGrand calls the approach “augmented intelligence,” as opposed to artificial intelligence. The first commercial product to come out of the effort is likely to hit in 2017.

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