Artificial Intelligence News Updates 2020

72 Latest Artificial Intelligence news updates.
Find List of Artificial Intelligence Trends 2020 from various News Websites / Blog / Articles
 
Alphawave Group secures R100-million investment

A Stellenbosch-based technology investment group, Alphawave Group has received an R100-million investment from Kagiso Capital , an investment holding company. In an official press release, Frans Meyer, CEO of Alphawave Group, explains how the investment will increase the speed of expansion for their group. This investment demonstrates the success we have had in developing valuable technology businesses our track record, our exits, but mostly our careful eye in attracting and growing the best engineering talent in South Africa. Before Lockdown, we had multiple investment companies talking to us but we were not actively looking for funding. We generate cash from established businesses in our portfolio to invest in new ventures. This is how we started Skynamo and Inrange - our latest technology ventures now expanding rapidly on the international stage. Capital of this kind can, however, accelerate the current businesses. It allows us to attract top talent more aggressively, finding technical people with sound engineering ethos and unique, internationally competitive skills in the Internet of Everything domains we specialise in. Furthermore, the capital allows us to accelerate building our Group, as opposed to us growing organically. The restriction of bootstrapping potential new businesses has been released. According to the reports, Kagiso Capital invested in Alphawave Group to expand into the advanced technologies space. Alphawave Group tests product-market fit and provides crucial funding to incubate products for tech startups. Strategic Investments Kgotso Schoeman, Chief Executive Officer of Kagiso Capital, explains the collaboration between Kagiso and Alphawave is an investment strategy to amplify SA innovative ideas and take it globally. We want to rapidly impact innovation in this country and we think Kagisos interest and contribution on strategy, together with Alphawaves experience and skills, could have profound effects, drawing talent from the broader demographics of our country into internationally competitive science and engineering firms. They will maintain their independence and team culture while we get to be partners in developing South African ideas that can be taken to a global market. With a focus on the Internet of Everything (IOE), Alphawave Groups 12 businesses are leaders in sensor technology, electronic design, and development, machine learning, artificial intelligence, data science, software development along with virtual and augmented reality. Alphawave Group aims to accelerate commercial technology companies. Alphawave aims to create innovative solutions to solve complex global issues through IOE themes and capabilities. Approaching business in SA The investment deal was solidified during level five of lockdown in SA on 30 March. The collaboration allowed Alphawaves 140 engineers and computer scientists to solve problems through themes of IOE. Lebogang Mosiane, Chief Operations Officer at Kagiso Capital, explains the need to highlight SA innovators which remains one of the core factors in their collaboration with Alphawave Group. All too often, venture capital has no sense of proudly South African. Our interest is about a clear end game; a long journey to establish something of real value - local innovation, with local talent, that we export out and can claim as ours. This is not just the typical risk-return transaction, its about the pride of what South Africans can accomplish in a culturally diverse society. Thats what this meeting of minds offers. You wouldnt typically put us together, a 25-year-old Stellenbosch based technology company with a black investment capital firm, but it makes so much sense. This is how we should be approaching business in South Africa - where we can complement each other.

nov 28 2020 8:46am
newsarticle News : Crowdfunding
Best books of 2020: Technology

John Thornhill selects his must-read titles on innovation and artificial intelligence - and Facebook

nov 26 2020 6:11pm
lifestyle News : Books
First Personal Finance app for Africa's mass market

Dar es Salaam, 30th June 2020 - Leading finance start-up, Mipango Fintech has today launched a new app that will provide free financial advice to Tanzanians on IOS and Android mobile devices. The app - Mipango , an AI (artificial intelligence) finance enabled app will support Tanzanians to better manage their expenses, provide an opportunity to set up budgets, view, analyze expenses and track personal finances. The app which operates in the local Swahili language aims to empower the mass population with financial education in a language they understand and force users to practice healthy financial habits. READ THE COMPLETE PRESS HERE

nov 25 2020 6:32pm
newsarticle News : Startups
ICT Incubation programme launches for Western Cape businesses

Innovator Trust has partnered with Maven Solutions to invite Western Cape ICT-based businesses to participate in the 2021/2022 ICT Incubation Programme. The programme aims to drive economic growth and development in the Information and Communications Technology (ICT) sector. Innovator Trust is an enterprise development organisation that focuses on providing opportunities for black female-owned SMEs and highly potential small businesses with an innovative business model and a driven entrepreneur. ICT-based businesses are equipped with skills to further grow their business. In an official press release, Bertram Richards, a 25-year veteran in the ICT and business development arena, explains that the incubation programme is tailored to support the needs of participating businesses. This hands-on, very personal, and adaptive support program delivers value by designing interventions and support around the business and the owners needs, values, culture, and ambition. We match the energy and enthusiasm of the owner every single step. Its a partnership with our team. ICT Incubation Programme The incubation programme offers certified and accredited executive coaching to ICT business participants conducted by business experts mentor participants. A range of business support services will be offered, such as human resources, legal insight, and an accounting team. Customized skills development, as well as advisory services that are based on the needs of the business, will be offered. The programme aims to support funding applications for businesses to expand. Tashline Jooste, CEO of the Innovator Trust explains that the selected participants must show potential for growth as they aim to accelerate the ICT sector with promising businesses. Through our programmes, we want to make a significant contribution to the growth and development of businesses in the ICT sector. We are unique in our strict criteria for entry as we look for the businesses that show potential to succeed by offering them the opportunity to be part of a known, respected, and tailored Enterprise Development Programme. Previous graduates that participated in the Western Cape Incubation programme includes Software Development firm Dikoko Technologies that specialises in artificial intelligence, data analytics, and machine learning, Bilionetworks, and Effective Telecommunications that specialise in telecommunications and IT infrastructure along with Quickloc8 which is a taxi management platform. Entry requirements for ICT Incubation Programme Interested applicants must abide by the following requirements: Businesses must be an SMME that is at least 51% black-owned SMMEs must be ICT-focused which includes software, hardware, Digital Media Services, Software as a service (SaaS), and Infrastructure. Must be operating for a minimum of two years Beverly Knoesen, Director at Maven Solutions, explains the importance of supporting ICT-based businesses to accelerate the ICT sector. From our experience, we know that growing businesses flourish when they are supported with comprehensive programmes that focus on the individuals within a company and their business. Theres no doubt that development is central to the growth of not only the ICT sector but our economy as well.

nov 24 2020 6:02pm
newsarticle News : Startups
Sofware startup AirSmat to join NVIDIA Inception Program

Share AirSmat is a software development company developing cutting edge software solutions that solve real-life problems using drone and satellite technology. The Nigeria startup recently joined Nvidia Inception a program nurturing startups in artificial intelligence. AirSmat relies on drones and data satellites to power development across vital East African economic sectors. Airsmat leverages its ability to capture and ingest data onto its platform while processing it in an intelligent way while absorbing a large amount of data drawing precise conclusions that help businesses gain insights into creative and beneficial future strategies. AirSmat is focussed on harnessing data intelligence in agriculture thus helping secure food security across the continent. Investing in technology helps farmers and farm owners increase their profitability securing food security for Nigerians and others in the continent. Nvidia's inception will increase their profitability fostering food security for Nigerians and others across the continent. AirSmat will network with venture capitalists, fellow startups, and industry leaders at inception events with access to leading technology guidance on GPU-accelerated platforms, tools, and hardware.

nov 20 2020 5:57pm
newsarticle News : Startups
Africas first AI-focused startup to investor matchmaking service launches

The AI Media Group has launched The Deal Room , Africas first artificial intelligence (AI) driven service that aims to connect AI-based startups with potential investors and venture capitalists. The AI Media Group has over 1 000 companies, consisting of mainly African startups, scale-ups, and small and medium-sized businesses, on their database to which are introduced to investors. The Group reportedly has the largest trading body in the region, consisting of 4 000 community members. The AI Media Group hosts Africas largest trade show and business conference, the AI Expo Africa , which focuses on Business to Business (B2B) and Business to Government (B2G) trading, AI, Robotic Process Automation (RPA), and Data Science. The company has also published Africas first quarterly magazine called, Synapse, which covers AI, Data Science, and relevant case studies. The Deal Room was born out of the desire to improve the existing service offered by the AI Media Group. In an official press release, Nick Bradshaw, CEO of AI Media Group and co-founder of AI Expo Africa, explains the objective of The Deal Room and how it will benefit the community. The main idea behind The Deal Room platform is to facilitate rapid matchmaking between an investor and 4IR / AI-focused startups and scale-ups that align with the firms stage of growth. Its often a minefield to find the right investor so we curated a group of like-minded investors that are interested in this space or who have a track record of similar investments to date. This is a long-awaited value add service for our community with no strings attached, no middleman and total transparency. Launch Investment Partners The Deal Rooms main priority is to connect 4IR, AI, and smart tech companies with investors, VCs, and organisations who are seeking to support firms in this growing sector. The Deal Room has attracted six launch investment partners which include, Gregg Barrett, CEO of Cirrus AI, Pieter Boon as the co-founder of Cape AI Ventures, Andrea Bohmert, co-managing partner of Knife Capital, Bakang Komanyane, Ventures principal of E4E Africa, Reshaad Sha, CEO of Britegaze, and Aunnie Patton Power, founder of Intelligent Impact. Reshaad Sha, CEO of Britegaze, commented on the importance of expansion for African AI-based startups. BriteGaze Fund Ones primary purpose is to assist AI businesses to accelerate their growth in South Africa and across the African continent through the provision of growth funding and advisory services to expand into new verticals as well as new geographies. The Deal Room platform allows for transparency between startups and investors while identifying new companies that share an interest in 4IR and contribute to the African tech scene. The platform encourages collaboration to accelerate AI capabilities in the African AI ecosystem. Bradshaw compares The Deal Room platform to a dating site and explains the easy application process. The Deal Rooms biggest selling point is there is no complicated paperwork, costs, or loss of equity for companies looking to use the platform. They simply answer a set of confidential questions on the nature of their investment needs, details about their company, products, or services, and the AI Media Group then passes them on to the most appropriate investor(s). Just like internet dating, our goal is to make a perfect match and speed up the process of investment capital flowing into the African 4IR tech sector. We cant wait to see the results! Startups and scale-ups seeking funding for 2021 can register here via The Deal Room online submission process.

nov 20 2020 5:57pm
newsarticle News : Startups
Moroccan AI tech startup secures $1.1-million

The innovative AI technology developed by Moroccan startup ATLAN Space has attracted a $1.1-million Series A funding round from Maroc Numeric Fund. In an official press release, Dounia Boumehdi, Managing Director of MITC Capital, which is the management company of Maroc Numeric Fund II, commented on the research and development made in AI which resulted in the creation of ATLAN Space. The fund management team is proud to support Atlan Space, a Moroccan startup that is the result of many years of R D in artificial intelligence, and which has a proven technology with several clients internationally and in Morocco, with a high environmental and humanitarian impact. AI with a purpose Founded in 2016 by Younes Moumen and Badr Idrissi, ATLAN Space has developed cutting-edge AI technology that guides unmanned aircrafts, including drones to identify environmental and marine areas that face potential threats. ATLANs patent technology assists institutions and governments in combating environmental crime and assisting vulnerable populations. The AI-focused startup has received numerous accolades for its unique product, such as the African Entrepreneurship Award in 2017, and was acclaimed as one of the top 10 AI startups in Europe in 2018. Previously funded by the Caisse Centrale de Garantie (CCG) as part of the Innov Start program and by the United Nations Industrial Development Organization (UNIDO), ATLAN has proven investor-ready as it received seed funding in 2019 from Katapult Ocean Fund, a Norwegian Investment fund. ATLAN Space aims to drive ethical uses of technology to assist with environmental protection and sustaining human life. Badr Idrissi, CEO of ATLAN Space, explained the development of artificial intelligence and how it assists with sustaining the environment. ATLAN Space is developing artificial intelligence to enable UAVs to carry out tracking missions in total autonomy and without human intervention. This is for humanitarian purposes or to fight environmental crimes such as illegal fishing or deforestation. Accelerating high potential startups through investment Maroc Numeric Fund has been operating since 2010. It is an investment fund targeting technology startups in Morocco. The expertise offered by the management team has resulted in several Moroccan success stories as it amplifies high potential startups. Participants in the Series A investment round also included Legal counsel, Hilmi Law Firm, and Certified Public Accountant, Cadex Group which is represented by Mr. Yassine Benhammou.

nov 18 2020 6:19pm
newsarticle News : Crowdfunding
GVG aspires to invest US$300,000 in African startups

Share Global Voice Group (GVG) is a global provider for ICT and tech solutions within the regulatory environment. The solutions offered by GVG are relied upon by governments and regulatory bodies. They recently announced a partnership with Disrupt Africa in identifying tech startups from across the continent with the intent of offering support in funding and scaling. The main offices are in South Africa and Spain where GVG assists governments and local authorities with big data analytics in their digital transformation and effective promotion of compliant yet invasive digital ecosystems. GVG currently works in Ghana, Congo, Gabon, Tanzania, Senegal, Rwanda, and Uganda collecting and analyzing data from crucial economic sectors such as telecommunication and financial services. This actionable information enables data-driven decision-making processes from revenue mobilization, digital security, transactional oversight, and data mobility. The company now intends to make its case directly by investing in tech startups throughout the continent. It has partnered with Disrupt-Africa, the start-up ecosystem-focused business to help identify startups within the ICT sector whose operations are closely inline with GVGs core business. GVG is interested in artificial intelligence, business intelligence, blockchain, data analytics, digital ID, mobile ID, mobility data, and national payment systems. Other areas are payments focus on interoperability, digital addressing, and verification. Share

nov 18 2020 9:37am
newsarticle News : Startups
5 Global future skills for future-ready leaders

"Over the next decade, a new generation will enter the workforce. This is a generation that has been shaped by lifelong mobile connectivity, large-scale institutional shifts, widespread refugee migration, and first-hand experience of climate instability. It is also a generation that is coming of age in a global economy of mostly borderless markets, of global reputation platforms, and in many locations, nearly unbridled optimism for the future"- IFTF Misk Foundation In the summer of 2018, Institute for the Future, with support from the MiSK Foundation, interviewed 60 members of this generation, aged 16 to 30, in six cities around the world: Austin, Berlin, Chongqing, Jeddah, Lagos, and Mexico City. The research project culminated with the release of an 80 pages study of the global future skills for lead-leaders focusing on work+learn paths for future-ready learners. The research is unique and full-on content about future skills. In this post, I will only be sharing the spectrum of skills that learners can cultivate to create their own unique work+learn paths to take advantage of their personal strengths and interests as well as their resources and cultural environments according to the IFTF and Misk Foundation. Key-terms: Future skills: abilities and capacities that people will develop in response to the future human environment, including the changing institutional environment, the evolving human toolset, and larger environmental factors such as the global economy and global climate change Lead learner : a learner how is one of the first in a population to adopt an innovative tool or process for learning. A lead learner is analogous to a lead user in the diffusion of innovation theory and thus serves as a signal of practices that may spread through the larger population. The spectrum of skills Each point on these spectrums represents a set of unique skills that any given individual may cultivate. It may be building celebrity through sophisticated social media branding or increasing self-knowledge by simulating personal futures. It may be taking care of migrant workers in a strange country or coaching others to evolve their life paths in a chaotic global economy. These are the spectrums of future learning: the skills depend on where along the spectrum any given learner chooses to focus. MAKE YOURSELF KNOWN: mastering reputation and identity in a connected world For more than a century, young people have sought credentials and certifications to gain entry into the workforce. They have then sought to build resumes that would help them pursue a lifelong career, hoping to find the job that "fits." For most of today's young people, however, credentials are not the key to unlocking the door to a productive life. While they may still seek them, they realize that they need much faster and more relevant means of making themselves known, both to the public and to themselves. MAKE YOURSELF KNOWN is a spectrum of skills that spans both public reputation and private identity. Not everyone will master the entire spectrum. But everyone will need to master some position on the spectrum. Celebrity: the ability to stand out from the crowd in one's field of endeavor and leverage one's name recognition in order to make an impact in the world Visibility: the ability to make oneself accessible to the people and organizations that one needs to collaborate with in order to build a desired work+learn path self-knowledge: the ability to know one's own mental, emotional, and physical strengths and weaknesses in order to bring one's authentic self into life's projects BEFRIEND THE MACHINES: mastering the world of digital machines Because digital machines are constantly evolving, it is impossible to point to a single technical skill- such as coding-those young people can turn into a long-term career. In fact, many experts believe that artificial intelligence (AI) will render human coding obsolete, in much the way that robotics will render many human physical tasks, from assembly line work to surgery, obsolete. Nevertheless, every young person will need to find ways to collaborate with digital machines, both managing them and working for them over the coming decades. They will need to find their unique role in the global human-machine ecosystem. BEFRIEND THE MACHINES is a spectrum of skills that enables people not only to collaborate with digital tools and technologies to shape daily reality for themselves and others. Curation: the ability to find, interpret, and apply digital resources to the task at hand and to share those resources with others in order to create new value Creation : the ability to create innovative content, resources, tools, or experiences, using digital media and even building AI

nov 18 2020 9:37am
newsarticle News : Startups
Local agritech startup secures $1.5-million in funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd , an unlisted public company specialising in Agri investments across the fruit, vegetable, and livestock industries and a private syndicate. The funding will be used to expand the agritech's offering within South Africa and neighbouring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa's first multi-industry agricultural services platform that will provide technology services to industry stakeholders in the livestock, fruit, and vegetable sector. Leveraging off Zire, which is expected to launch in 2021, swiftVEE will be able to extend its market share to new customers across multiple industries. In an interview with Ventureburn, Russel Luck, chief executive officer, comments on the funding received and the conditions of Covid-19 in generating innovation in the agritech sector. "The investment and growth of swiftVEE demonstrates a significant change in attitude within the agricultural sector. Traditional Agribusinesses appear to have recognised the importance of re-inventing themselves as COVID accelerates the rate at which agriculture moves towards the fourth industrial revolution. In the age of new-normal the door has been opened for technology start-ups to create a new narrative." swiftVEE's innovative technology Founded in 2016 and officially launching in 2017, swiftVEE is a livestock trading platform that connects online buyers to livestock auctions for real-time purchases in low-latency areas such as farmlands. Luck provides insight into the mission of swiftVEE. "Our aim is to optimise trade between the buyers and sellers of livestock with the use of artificial intelligence technology and bring foreign livestock buyers to South African markets. By pursuing this aim, we solve bigger problems caused by a lack of trading efficiency within the livestock trading sector (problems such as resource scarcity / food insecurity / global hunger)." Utilising machine learning and artificial intelligence technology, swifeVEE matches buyers, and sellers at optimal times that maximise market efficiency. The local agritech startup has innovated the traditional method of livestock purchasing, digitizing the auction process with online, real-time auction capabilities for the livestock agents and farmers located across the globe. Commenting on the use of cutting-edge technology, Luck explains what makes swiftVEE stand apart from other leading competitors. "We are the founders of real-time online livestock trading in South Africa which were never successfully achieved because of the difficulties of doing real-time bidding over the internet while auctions were happening at farms (with no connectivity). Our major differentiator since day one is our use of machine learning and AI. which maps market pricing and the sales prices of animal breeds in certain areas to connect buyers and sellers at optimal times and locations." The digital platform is dedicated to livestock agents and ensures that livestock agents are not omitted from the value chain process. Luck explains that regardless of the challenges faced by the pandemic, the local startup has managed to reach new heights. "Despite the economic difficulties caused by COVID and pre-existing recession in South Africa, swiftVEE broke two South African records for the most expensive Simbra Bull sold in SA for R 270 000.00 and a Boran Bull sold for R 1 700 000.00. The latter is being reviewed as a Guinness World Record." swifeVEE plans to expand into the Sub-Saharan, USA, and Europe markets at the start of 2022.

nov 13 2020 6:23pm
newsarticle News : Crowdfunding