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 –

Salesforce (NYSE: CRM) will acquire and make it a unit of Slack, a Salesforce company. 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

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
May 20, 2022     Digital Assets, News

Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently…
Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
May 20, 2022     Digital Assets, News

The crypto world was dealt a body blow by the collapse of the TerraUSD (UST) stablecoin earlier this month. The Terra meltdown is now being referred as crypto’s “Lehman moment.”…
Venture Capital: Big-Ticket Funding Rounds In Fintechs
May 20, 2022     FinTech, News, Venture Capital

Fast-growing, Southeast Asia-focused payments infrastructure platform Xendit closed on a US$300 million Series D funding co-led by Coatue and Insight Partners with additional investment from Accel, Tiger Global, Kleiner Perkins,…
FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
May 20, 2022     Digital Assets, FinTech, Latest News, News

FTX Stocks is an equity trading platform offered through the FTX US trading application. FTX US announced Thursday a private beta phase trading on the platform for US customers selected…