DataRobot is in advanced discussions to raise fresh capital of about $500 million in a funding round that could value the machine learning startup at more than $7 billion, according to people familiar with the matter.
Reporting by Helen Popkin, Aayushi Pratap and Nina Wolpow
The Covid-19 pandemic was devastating for many industries, but it only accelerated the use of artificial intelligence across the U.S. economy. Amid the crisis, companies scrambled to create new services for remote workers and students, beef up online shopping and dining options, make customer call centers more efficient and speed development of important new drugs.
Even as applications of machine learning and perception platforms become commonplace, a thick layer of hype and fuzzy jargon clings to AI-enabled software.That makes it tough to identify the most compelling companies in the spaceâespecially those finding new ways to use AI that create value by making humans more efficient, not redundant.
April 9, 2021 Nyasa Times Reporter 1 Comment
You’ve probably heard plenty about A.I or Artificial Intelligence in recent years, which is because the industry has gone from being an ethereal concept in science fictions movies to potentially one of the biggest industries in this century. Let’s start at the beginning by asking what exactly is AI? The simple version goes something like, AI is a type of computer science which revolves around creating machines that can performs tasks which would usually require human intelligence.
Artificial Intelligence
In 1950, mathematician Alan Turing changed history when he posed the question Can machines think? and AI essentially aims to affirmatively answer this question. DataRobot CEO Jeremy Achin describes AI by saying, “AI is a computer system able to perform tasks that ordinarily require human intelligence… Many of these artificial intelligence systems are powered by machine learning, some of them are powered by deep learning