Intel Corporation has acquired Habana Labs for $2 billion.
Habana Labs is an Israel-based developer of programmable deep learning accelerators for data centers. The deal will deepen Intel’s artificial intelligence (AI) portfolio. It also accelerates Intel’s efforts into the fast-growing AI silicon market, which it expects to top $25 billion by 2024.
Gecko Robotics Scoops up $ 40 Million in Series B Funding. Gecko will use the money to develop industrial inspection robots.
Investors that plugged into Gecko Robotics’ $ 40 million series B funding included marquee names such as Peter Thiel’s Founders Fund, Y Combinator, and Next47. Also opening up their wallets were Mark Cuban, SoftBank senior managing partner Deep Nishar, and Gusto CEO Josh Reeves. Drive Capital led the raise.
A Wells Fargo report said robots would take away 200,000 banking jobs in the next decade. What about trading and advisory jobs on Wall Street?
The House Financial Services Committee’s Task Force on Artificial Intelligence met last week to consider the impact of AI on Wall Street jobs.
Banks could save a humongous $447 billion by 2023 by deploying artificial intelligence (AI), says the AI IN BANKING research report from Business Insider Intelligence.
Of this, front office banking AI applications could yield $199 billion, middle office $217 billion and the back office $31 billion.
Artificial intelligence and job displacement. That has emerged as an important them among working-class voters across the United States. With AI now targeting white-collar jobs, the stakes are going even higher. This week, Vox Media asked five candidates a question about artificial intelligence.