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Nervana Nabs $3.3M For Machine Learning Hardware

socalTECH

San Diego-based Nervana System has raised $3.3M for its hardware-based, machine learning tools, according to the company. Nervana is developing machine learning technology--including software and hardware--which is being targeted at a wide range of areas. AME Cloud Ventures, and Fuel Capital.

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Reali Launches In San Diego

socalTECH

Reali , a Silicon Valley real estate startup backed by Zeev Ventures, Signia Venture Partners, and others, has officially launched in the San Diego company. As part of Reali's move into San Diego, the company said it is launching a new nonprofit effort called Reali for Good, a program which will support U.S.

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ServiceNow Acquires Passage AI

socalTECH

ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. Financial details of the buy were not announced. READ MORE>>.

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AlphaTrAI Taps QuantConnect For AI Powered Stock Trading, Picking

socalTECH

San Diego-based AlphaTrAI , a fintech startup backed by Analytics Ventures, says it has connected with QuantConnect, the developer of an open trading engine, to run its AI software. AlphaTrAI says it has developed artificial intelligence software which can pick, trade, and manage stocks better than humans.

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Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Xconomy

[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I.

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Copps: Key Ingredient As A.I. Permeates Daily Life is Building Trust

Xconomy

The promise, and pitfalls, of artificial intelligence became more apparent in the last year, and for Dave Copps, founder of A.I. What can help to smooth the transition to our new machine learning-enabled future is an effort on the part of technologists to build trust between ourselves and these tools.

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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.