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ultimate.ai scores $20M for a supportive approach to customer service automation

ultimate.ai scores M for a supportive approach to customer service automation Ultimate.ai, a virtual customer service agent builder, has closed a $20 million Series A round of funding, led by Omers Ventures with participation from Felicis Ventures and existing investors HV Capital, and Maki.vc — bringing its total raised to date to […]

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Europe sets out the rules of the road for its data reuse plan

Europe sets out the rules of the road for its data reuse plan European Union lawmakers have laid out a major legislative proposal today to encourage the reuse of industrial data across the Single Market by creating a standardized framework of trusted tools and techniques to ensure what they describe as “secure […]

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UK to invest in AI and cyber as part of major defense spending hike

UK to invest in AI and cyber as part of major defense spending hike The UK has announced a massive boost in defense spending — £16.5 billion ($21.8BN) over four years, the biggest such spending bump for 30 years — in what prime minister Boris Johnson has described as a “once in […]

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EU parliament backs tighter rules on behavioural ads

EU parliament backs tighter rules on behavioural ads The EU parliament has backed a call for tighter regulations on behavioral ads (aka microtargeting) in favor of less intrusive, contextual forms of advertising — urging Commission lawmakers to also assess further regulatory options, including looking at a phase-out leading to a full ban. […]

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Pimloc gets $1.8M for its AI-based visual search and redaction tool

Pimloc gets .8M for its AI-based visual search and redaction tool UK-based Pimloc has closed a £1.4 million (~$1.8M) seed funding round led by Amadeus Capital Partners. Existing investor Speedinvest and other unnamed shareholders also participated in the round. The 2016-founded computer vision startup launched a AI -powered photo classifier service called […]

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South Korea pushes for AI semiconductors as global demand grows

South Korea pushes for AI semiconductors as global demand grows The South Korean government has made no secret of its ambition to be a key player in the global artificial intelligence industry, including making the semiconductors powering AI functionalities. This week, the country’s information and communications technology regulator announced plans to develop […]

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Russian surveillance tech startup NtechLab nets $13M from sovereign wealth funds

Russian surveillance tech startup NtechLab nets M from sovereign wealth funds NtechLab, a startup that helps analyze footage captured by Moscow’s 100,000 surveillance cameras, just closed an investment of more than 1RUB billion ($13 million) to further global expansion. The five-year-old company sells software that recognizes faces, silhouettes and actions on videos. […]

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Sentinel loads up with $1.35M in the deepfake detection arms race

Sentinel loads up with .35M in the deepfake detection arms race Estonia-based Sentinel, which is developing a detection platform for identifying synthesized media (aka deepfakes), has closed a $1.35 million seed round from some seasoned angle investors — including Jaan Tallinn (Skype), Taavet Hinrikus (Transferwise), Ragnar Sass & Martin Henk (Pipedrive) — […]

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UK wants pandemic levels of data sharing to be the new normal

UK wants pandemic levels of data sharing to be the new normal The UK government has published a national data strategy today, setting out a plan to promote the use and prioritize the reuse of data as a lever for economic growth and digital innovation. It has also opened up a 12-week […]

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Google’s AI-powered flood alerts now cover all of India and parts of Bangladesh

Google’s AI-powered flood alerts now cover all of India and parts of Bangladesh India, the world’s second most populated nation, sees more than 20% of the global flood-related fatalities each year as overrun riverbanks sweep tens of thousands of homes with them. Two years ago, Google volunteered to help. In 2018, the company […]

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