ARCHITECHT Daily: Applied artificial intelligence FTW

We all love groundbreaking (or at least really interesting) AI research, but it can be tough to draw
ARCHITECHT
ARCHITECHT Daily: Applied artificial intelligence FTW
By ARCHITECHT • Issue #96 • View online
We all love groundbreaking (or at least really interesting) AI research, but it can be tough to draw a clear line between a computer model that’s great at playing games and a computer model that can transform your business—as so many experts are predicting will happen. There’s even a growing sentiment, especially among certain investors, that the general-purpose AI-as-a-service options being pushed by cloud providers won’t end up moving the needle much. Basically, the argument goes, enterprise AI adoption is going to happen via bespoke systems and industry-specific applications.
If that is indeed the case, then enterprises got some good news on Wednesday, with the announcement by Element AI that it has raised about $102 million in venture capital. It’s a lot of money for such a young company (Element was only founded in October), but then again, not every company can deep learning master Yoshua Bengio as a co-founder. The last AI company founded by one of the deep learning grandmasters was Geoff Hinton’s DNN Research, which Google acquired in 2013.
In today’s IT climate, it’s hard to find a better description of what your company does than this one from Element: “We’re turning the world’s leading AI research into transformative business applications.” That’s a powerful promise, but the company appears to have a sound strategy—not to mention to brainpower—to pull it off. Doing custom work for every customer is expensive, but having $102 million in the bank will help with that.
Here are a couple more interesting applied AI items that I came across today:
For more insights into enterprise AI adoption, I would also suggest checking the following episodes of my ARCHITECHT Show podcast:

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Listen the the ARCHITECHT Show podcast. New episodes every Thursday!
Listen the the ARCHITECHT Show podcast. New episodes every Thursday!
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ARCHITECHT

ARCHITECHT delivers the most interesting news and information about the business impacts of cloud computing, artificial intelligence, and other trends reshaping enterprise IT. Curated by Derrick Harris.

Check out the Architecht site at https://architecht.io

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