Even after 104 years, IBM is still the most innovative company in the United States by at least by one important metric: patents.
With 7,355 patents granted in 2015 IBM — which was founded in 1911 — crushed the competition, thanks in part to its artificial intelligence system, Watson, based in Astor Place in the East Village.
“More than 2,000 of IBM’s patents last year were related to its cloud and cognitive computing,” an IBM representative wrote to the New York Business Journal...
Disruptive labor market changes, including the rise of robots and artificial intelligence, will result in a net loss of 5.1 million jobs over the next five years in 15 leading countries, according to an analysis published in Davos on Monday.
The projection by the World Economic Forum (WEF), which is holding its annual meeting in the Swiss ski resort this week, assumes a total loss of 7.1 million jobs, offset by a gain of 2 million new positions.
The 15 economies covered by the survey account...
Software is available that developers claim can measure the emotions revealed on a person’s face. If it’s accurate and could be used discretely on some kind of personal device or Google Glass, future negotiators could have real time input on the emotions the other party is showing. This could change how a negotiation is done.
Microsoft has a new app that reportedly can measure feelings exhibited on a person’s face when a photo is taken. It breaks up the image of the face into emotional constituents...
Google Inc. is ready to compete with Facebook, Apple and Microsoft when it comes to virtual reality.
Google CEO Sundar Pichai formed a virtual reality division and named Clay Bavor vice president of the division on Tuesday, according to Re/code, citing sources familiar with the situation. Senior Vice President Diane Greene, who joined the company in November, will take over Bavor’s responsibilities in overseeing Web applications. Bavor’s previous title was vice president of product management.
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Google has been one of the most significant corporate backers of AI. It uses the technology for new businesses, like self-driving cars, and to improve existing ones, such as the Android phone operating system or Google’s search engine. But competition is heating up as Facebook Inc., Microsoft Corp, International Business Machines Corp., Baidu Inc. and others are also plowing resources into research for the technology.
“The power of AI technology is it can solve problems that scale...
According to a report by the Wall Street Journal, Apple has acquired Emotient, an artificial intelligence startup. The company confirmed the move to the WSJ.
The San Diego-based company was founded in 2012 and has raised $8M from investors like Intel Capital and Seth Neiman, and had been tinkering around with products like Google Glass and other wearables. Most recently the company was working with advertisers on how to bake in reaction analysis into their advertising according to the WSJ.
Tracxn, a company that tracks and analyzes data about startups, has added entrepreneur Ratan Tata as an angel investor. Though the amount of new funding was undisclosed, Tata’s contribution is noteworthy because he is one of India’s most renowned businessmen. The former chairman of conglomerate Tata Group, Tata began investing in tech startups last year. His portfolio now includes Snapdeal, One97 Communications, Xiaomi, and Ola Cabs.
Launched in 2013, Tracxn’s other investors include SAIF...
Even with some recent wobbles in the start-up world, big sums are continuing to roll into technology start-ups.
Just a few days into 2016, Flatiron Health, a start-up that gathers and analyzes data on cancer treatments and sells software based on those insights, said it had raised $175 million in a funding round led by the pharmaceutical giant Roche. Flatiron declined to disclose its valuation.
As part of the deal, Flatiron gets more than money. Roche will buy several of Flatiron’s software...