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Nearly Half of So-Called 'AI Firms' in Europe Never Use Artificial Intelligence, VC Firm Says

ai artificial intelligence

London venture capital firm MMC Ventures has conducted a damning survey which revealed that 40% of "AI" firms in Europe don't use AI at all, and are simply using the term to capitalize on the hype associated with the term. MMC examined 2,830 self-described AI startups throughout 13 EU countries. The VC firm found that 40% don't use AI technology in a way material to their business, generally...

$3 Billion Google-Backed AI Unicorn UiPath Set to Achieve Revenue Growth of 5614%

From CCN.com: UiPath, an artificial intelligence (AI) startup first backed by Google’s CapitalG fund in 2018 will shortly, according to leaked reports, achieve over 5000% growth. Business Insider sources claim UiPath, also backed by Sequoia Capital and Accel, is set to hit $200 million annual recurring revenue (ARR). ARR is a metric used by software-as-a-service (SaaS) providers to reflect...

Decentralized AI Network SingularityNET Launches Developer Portal

Artificial Intelligence (AI) network SingularityNET has unveiled a developer portal that will "enable developers to discover, learn and adopt" the first decentralized artificial intelligence network in the world. We just launched the SingularityNET Developer Portal! With the roll-out of the SingularityNET Developer Portal, we hope to significantly expand our technical reach and reaffirm our...

Opinion: Can AI Tools Improve Cryptocurrency Adoption?

blockchain AI

There are many different paths to choose from, to improve cryptocurrency usability.  Lately, I've been focused on project tokenomics as I have a feeling that better rewards distribution is the way forward. For instance, traditional exchanges do not provide enough rewards to users; a few exceptions are Binance, Coss, or ABCC. I especially like the last one as it really focuses on distributing the...

Op-ed: Blockchain and AI Combine to Power Modern Technological Advancement

AI

Presently, there is an increased pace in the areas of technological development when compared to the progress achieved over the last couple of decades. This exponential increase springs off the dashboard of the internet and the numerous millennial technologies that are being built on top of it. These emerging developments are leading us to a smarter world where identified redundancies are...

Bitcoin Mining Giant Bitmain Is Making a Major Pivot to AI

AI

Bitmain is the world’s undisputed leader in cryptocurrency mining hardware manufacturing. Now, it wants to fill a similar role in the artificial intelligence (AI) field as well. Speaking in a rare interview, enigmatic Bitmain CEO Jihan Wu told Bloomberg that the company is channeling its expertise in developing application-specific integrated circuit (ASIC) chips toward a nascent AI division. Wu...

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