Artificial Intelligence: Deal-Making In AI
Deals across the Clearview facial recognition system, discovery of battery metals in Australia, revenue communications, and data analytics
Deloitte buys Intellify
Deloitte Australia has acquired Amazon Web Services (AWS) and Databricks specialist Intellify to add to its consulting arm. Founded in 2017, Intellify has more than 40 certified AI/ML developers. It operates in Australia across the banking, insurance, energy, government and retail sectors.
Intellify was awarded AWS Partner of the Year for 2019 and 2021 (Data, Analytics, and Machine Learning), and the second partner in Australia to achieve AWS’s Machine Learning Competency in 2019.
Deloitte was chosen AWS Customer Experience Partner of the Year in 2020 and GSI Partner of the Year in 2020 and 2021. It launched its AI Institute in 2021, to drive collaboration and research focused on AI and machine learning.
Legacy Minerals – Earth AI
US artificial intelligence (AI) explorer Earth AI has agreed with Legacy Minerals (ASX: LGM) to fast track discovery across Legacy’s Mullholland and Fontenoy battery metals projects.
The companies are of the view that using AI could enhance and accelerate the discovery process at the sites. Earth AI will invest $4.5 million on the prospecting and will qualify for a 3% royalty in the event it makes a lucrative discovery.
Salesforce – Troops.ai
Salesforce (NYSE: CRM) will acquire Troops.ai and make it a unit of Slack, a Salesforce company.
Troops.ai is a leading provider of a revenue communications solution used to improve sales velocity, forecasting, visibility, and collaboration across teams.
Troops specializes in “delivering real-time insights from systems of record like Salesforce to systems of engagement like Slack,” – bringing together the information and actions that customer-facing teams need to close new deals and support existing customers.
Clearview AI – ACLU
In a deal that marks a major legal setback for it, controversial surveillance company Clearview AI has had to settle with American Civil Liberties Union (ACLU), agreeing not to sell its face-recognizing tech to (most) private US companies.
Clearview AI scraped billions of people’s images from their public social media pages to create a massive database that could be used to recognize and link back to a person’s social media profile. It also allows for that person to be identified, traced and contacted.
ACLU sued Clearview in 2020 on grounds that the company violated biometric privacy of Illinois residents.
As per the draft settlement, Clearview cannot share its database with any state or local government entity in Illinois for five years, nor any private entities in the state, and will allow residents to opt-out of the database.
Related Story: Clearview AI To Expand Its Vistas Beyond Law Enforcement
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