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Artificial Intelligence

Artificial Intelligence Breakthroughs Lead to Unprecedented M&A Growth, Reveals Hampleton Partners’ Report

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Hampleton Partners’ latest analysis of the Artificial Intelligence M&A market reveals that over 150 deals were disclosed in 2018, up from 105 deals in 2017. The first half of 2019 is also showing impressive AI-related M&A momentum, with 65 deals already recorded and a total of near 100 deals forecast for the half-year only. In terms of market value, AI is forecast to grow from $21.46 billion in 2018 to $190 billion by 2025 – in other words, to grow nine-fold over the next seven-year period[1].

Heiko Garrelfs, sector principal, Hampleton Partners, said:
“Q1 2019 has set the pace for the rest of the year, with record-breaking M&A transaction volumes in two of three artificial intelligence sub-sectors. With the growth and competitiveness of many industries now dependent on the development of these AI technologies, strategic investors across all sectors and continents are stepping up their acquisitions and investments.

“Artificial intelligence is one of the fastest-moving sectors, thriving off great momentum and yielding game-changing outcomes.”

Artificial intelligence has moved from the experimental into the developmental phase of the innovation cycle. As the application of AI grows increasingly widespread across almost all verticals, several industries are now dependent on AI advancements to ensure their growth and competitiveness, including autonomous vehicles, IoT, healthtech, e-commerce, insurance and smart cities.

These industries look for artificial intelligence that can propel their next technology push, improve efficiency and productivity, streamline business models, and reduce latency and fragmentation.

Machine data analysis and edge AI
The first quarter of 2019 has proven a record period in M&A transaction volume for the machine data analysis sector with 46 deals.

Machine data analysis has recently shown an inclination towards Edge AI – i.e. running AI algorithms on edge devices such as smartphones or cars, rather than communicating with a central cloud or server – which allows devices to safeguard privacy, avoiding the purported insecurity of cloud-based data systems.

Edge computing also allows devices to process information locally and respond more quickly, which is vital for the development of Internet of Things (IoT) and autonomous vehicle technology, where immediate response is a necessity.

Computer vision
Computer vision experienced a stellar half-year in 2H 2018, mainly owing to growth in hot trends such as facial recognition, check-out-free retail or motion analysis, all of which enable the collection of more insights and provide information for future market opportunities.

Facial recognition is fast becoming a dominant form of biometric authentication, with early commercial applications in security, retail, payments and consumer electronics – Apple’s latest smartphone technology for Face ID logins and payments being one of the commercially popular use-cases. Retailers are also adopting the technology to recognise returning customers – a strategy used to offer special discounts as part of loyalty programmes.

Furthermore, as increasingly smart city infrastructure adopts security cameras, video analytics can be widely applied using facial recognition to detect and track offenders or suspects in public spaces.

Language analysis and conversational AI
Global tech companies east and west have focused heavily on Conversational AI. Google’s integration of Duplex – its new AI-driven automated reservation-making system – into the Pixel 3 smartphone, transformed the Google handheld device into an AI powerhouse.

However, Apple’s Siri has lagged far behind Amazon’s Alexa and Google’s Assistant in terms of voice recognition ability and development. It was no surprise, therefore, that in February 2019 Apple acquired PullString, a speech recognition software development SaaS which enables businesses to build interrelated applications for IoT devices.

Many companies believe the problem is not the speech recognition technology itself, but the lack of focus and reasoning within these systems. As a result, intent detection – i.e. the ability to determine from context what the user wants – has become the new research focus area for speech recognition start-ups who are willing to challenge the hegemons and fill in the gaps in big tech AI.

Artificial Intelligence

The Rising Global Impression of Manipal’s AUA, College of Medicine

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Manipal’s American University of Antigua (AUA), College of Medicine is on their mission to execute the promise of addressing the global shortage of physicians. AUA is proclaiming their worldwide presence with each association and partnership.

AUA, the top medical school in the Caribbean has been securing its highest rank among the best medical schools consistently. The medical graduates of AUA are licensed to practice in all the 50 states of the United States of America. And now with agreements with various medical schools and hospitals in other countries, AUA is spreading its wings far and wide enabling the dreams of numerous students aspiring to take up the medical profession.

Recently, an agreement has been signed between American University of Antigua and Warwick Medical School with the purpose of enabling students of AUA’s College of Medicine transfer to WMS to finish their medical degree. This partnership between both these prestigious universities aims at nurturing a diverse academic community to propagate global medical health propelled by their promise of delivering nothing but excellence.

Expanding its reach, AUA has entered into a new articulation agreement with Royal Crown College of Business and Technology Inc. to increase the scope for students to fulfil their passion to become physicians. “We are pleased to partner with Royal Crown College and provide their successful students the opportunity to continue their medical education at AUA,” said AUA President Neal Simon.

According to the agreement, after the successful completion of the premedical program or prerequisite courses at Royal Crown College, qualified medical students will be eligible to complete their first two years of medical study at AUA in Antigua and Barbuda, and the last two years in AUA’s affiliated hospitals in the United StatesCanadaUnited Kingdomand India.

The next recent and proud partnership has been sealed between AUA and Yeovil District Hospital, Great Britain. “Learning from the professors and physicians at Yeovil District Hospital and performing rotations under the talented professionals there provides our students an enhanced clinical experience, as well as the opportunity to study in Great Britain” said AUA President Neal Simon.

This agreement allows qualified AUA students to complete their clinical rotations at Yeovil District Hospital, located in Somerset, England. Upon completion of the program, students will receive a medical degree from AUA, a Yeovil District Hospital graduate certificate program transcript and a Yeovil District Hospital certificate of completion.

A similar agreement was recently signed between AUA and University Hospitals Coventry and Warwickshire NHS Trust.  This agreement too enables qualified AUA students to complete their core and elective clinical rotations at UHCW, Coventry, United Kingdom. Students who successfully complete their clinical rotations from UHCW, and fulfil all other requirements to graduate from AUA, will receive medical degree from AUA, UHCW graduate certificate program transcript and a UHCW certificate of completion.

Further, on Saturday, May 4, and Sunday, May 5, it was a matter of pride for AUA College of Medicine to have hosted the ninth mid-year conference of the Global Association of Physicians of Indian Origin (GAPIO) at AUA’s campus. GAPIO is a non-profit organization that is dedicated to empowering physicians of Indian origin providing affordable healthcare, contributing to local and regional community development and helping reduce health inequalities on a global level.

The goal of this collaboration was to gather physicians of Indian origin to initiate connections, share ideas and learn through a singular platform. Sessions on recent developments and advancements in cardiology, the metabolic syndrome like obesity and diabetes, nephrology with a focus on transplants and neurology were an integral part of this conference. The event also included sessions on artificial intelligence in healthcare, Vedic Wisdom – leadership in medicine and reaching the unreached and global opportunities in healthcare.

“The conference is in celebration of India’s vital contributions to global healthcare – a matter AUA commemorates,” said AUA President Neal Simon. “As a university that strives to advance the field of medicine and shape physicians who come from underrepresented minorities, we are honoured to host the event.”

 

SOURCE Manipal’s American University of Antigua (AUA)

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Artificial Intelligence

Kneron Debuts Edge AI Chip, Bringing AI to Devices Everywhere

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Amidst the fierce competition in the world of artificial intelligence dominated by global tech companies, an AI startup in Taiwan has emerged as the pioneer in the field of edge AI. Kneron was founded by a young Taiwan native Albert Liu, and received funding from renowned investors including Himax, Qualcomm, CDIB, Alibaba Entrepreneurs Fund and Horizons Ventures, the private technology investment arm of Mr Li Ka-Shing. Today, Kneron is unveiling its ground-breaking 3D artificial intelligence solution and edge AI chip.

Named after its release date of May 20th, Kneron’s debut AI Chip “KL520” has the best-in-class power efficiency only consuming a few hundred mega-watts, bringing AI computation power to edge devices for various applications.

Building Global Partnerships to Bring AI to the Masses

Further to the KL520 edge AI chip release, Kneron is also announcing partnerships with industry leaders to bring their chip into our everyday lives. Partnerships include fabless IC maker Etron Technology Inc., US-listed company Himax Technologies Inc. (NASDAQ: HIMX), enterprise PC OEM AAEON Technology Inc., 3C solution provider Alltek Technology Corp, renowned ODM players Pegatron, as well as 3D sensing provider Orbbec, and IC design house Datang Semiconductor.

Founded in 2015, Kneron is headquartered in San Diego. Founder Albert Liu graduated from National Cheng Kung University, received his PhD from UCLA, and subsequently worked at Qualcomm, Samsung Electronics and MStar, developing advanced AI systems.

Proprietary Reconfigurable Architecture to Bring Efficient AI Solutions On-Device

The KL520 edge AI chip is a culmination of Kneron’s core technologies, combining proprietary software and hardware designs to create a highly efficient and ultra low-power Neural Processing Unit (NPU). Running AI computations on the end device will help generate real-time insights without relying on the cloud.

In particular, KL520 is equipped with a unique reconfigurable architecture which allows the chip to run a number of different convolutional neural networks (CNN) based on different applications, regardless of its kernel size, architecture requirements or input size. In turn, the chip is able to achieve a very high MAC (media access control) efficiency, a key metric for efficient computation. This software innovation allows the chip to dynamically adjust its function based on applications needs, in order to achieve maximum efficiency. The KL520 is also equipped with a proprietary compression technology that is able to compress a large AI neural network into a very small footprint to process on the edge device, without sacrificing large amounts of power.

Kneron’s software and hardware innovations are truly a breakthrough in the development of edge AI. By bringing elements of reconfigurability and compression onto the chip, the KL520 is bringing AI computation to various end-devices that operate under low-powered environments.

Features and targeted applications for the KL520:

  • Low-powered with a small physical footprint
  • The KL250 can run alongside a main chip as a co-processor; will not need a replacement chip
  • For smart door lock applications, KL520 includes two ARM Cortex M4 CPU, which can serve as the main processor.
  • Balances the need of performance, power and cost to bring the best solution for edge applications
  • Applicable to various 3D sensor technologies such as structured light, dual-camera and ToF, and Kneron’s exclusive 3D sensing technology
  • Well-suited for applications including smart locks, security cameras, drones, smart home appliances and robotics

During the product launch event, Kneron’s Founder and CEO, Albert Liu said: “We are determined to deliver the best-in-class edge AI solution to the market. The results that we have achieved over the past four years are very promising, and we are proud to receive recognitions from industry partners for our innovations.”

Liu also mentioned that Kneron will be releasing its second-generation chip during Q4 this year, targeted toward the surveillance and security market. The team will also be exhibiting at CES Asia 2019 in June, showcasing Kneron’s latest products to partners and potential customers.

SOURCE Kneron Inc.

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Artificial Intelligence

Core Strengths® Launches First-of-its-Kind Talent Effectiveness Platform to Improve ‘Relationship Intelligence’ (RQ)

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Core Strengths, globally recognized for its award-winning SDI 2.0 assessment and strength-based training programs, today released its Talent Effectiveness Platform, an end-to-end solution that provides talent management and development professionals the tools to improve relationships, build better teams, and coach for performance across the organization. The new solution applies the science of relationship intelligence to strengthen relationships across the organization.

Our clients from Fortune 500 enterprises to nonprofit and governmental agencies have been instrumental in the development of this ground-breaking platform. Long-time client CO-OP Financial Services was an early beta client for the platform. Dave Ragan, Manager, Talent Development at CO-OP Financial Services, credits Core Strengths for helping evolve his program into one that focuses on achieving results and aligning to the corporate objectives. “The new platform is a game-changer for the organization and our program,” Ragan said, adding, “We are seeing the impact well beyond the classroom and becoming a part of our company culture.”

“The best organizations invest in their people through training, and understand the direct connection between employee development, higher performance, and retention,” said Dr. Tim Scudder, Author and Principal at Core Strengths. “Despite their best intentions, talent development and management professionals have a difficult time sustaining the insights gained from traditional training programs to practical, everyday interactions. This new platform pays off quickly in the hyper-connected workplace as it provides ongoing relationship intelligence. It puts the power of SDI 2.0 insights in the hands of every member of the organization.”

Introducing the new Core Strengths Talent Effectiveness Platform, where leaders can:

Improve relationships
Create quality interactions where problems get solved and work gets done.

Build better teams
Bring talented people together and align them toward a common goal. Illuminate individual differences to encourage clear communication, healthy opposition, and better decision-making.

Coach for performance
Get real-time insight to help managers the most from everyone’s strengths and empower people to be responsive to challenges and opportunities.

The assessments in our platform give people a common language that promotes understanding and improves communication. We identify people’s strengths and the underlying motives that drive them. This awareness leads to a culture of inclusion and collaboration.  Our talent effectiveness platform enhances this perspective and provides specific language suggestions for the in-the-moment conversations, emails, texts, and meetings where relationships grow, problems are solved, and progress gets made.

Teams can use the platform to refresh their understanding of one another, and conflicts can be redirected toward a more productive interaction in the moment. The Team Strengths Portrait offers a snapshot of the perceived versus actual culture of a team, and helps define steps towards the ideal.

The Core Strengths Talent Effectiveness Platform is now available. For more information about the product, please visit www.corestrengths.com/products/platform.

 

SOURCE Core Strengths

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