Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and act autonomously. AI research has been highly successful in developing effective techniques for solving a wide range of problems, from game playing to medical diagnosis. There are many different approaches…
All posts tagged Artificial intelligence (AI)
Tintra signs AI based payment services JV with TMC2
LONDON, UK: The board of directors of Tintra Plc has entered into a joint venture (JV) agreement with Time Machine Capital 2 Limited (TMC2) around the application of artificial intelligence (AI) in international payment services. The JV is the conclusion of the process previously described in the announcements of 8 and 13 October 2021. TMC2…
Innodata wins data analytics contract with world’s leading bank
NEW YORK: Innodata Inc. , a leading data engineering company, has won a contract with one of the world’s largest banks to provide AI-enhanced data feeds and a data analytics platform. Innodata anticipates the five-year contract will result in approximately $2 million per year in subscription revenue during the initial two years and approximately $2.4 million per…
STMicroelectronics acquires France based AI company, Cartesiam
GENEVA: STMicroelectronics announced a transaction with Cartesiam to acquire its assets (including its IP portfolio) and to transfer and integrate its employees. Closing is subject to regulatory approvals, a news release said. Cartesiam, based in Toulon (France), is a software company founded in 2016, which specializes in artificial intelligence (AI) development tools enabling machine-learning and…
TP Group signs AI system contract in the United Arab Emirates energy sector
LONDON: TP Group, the provider of mission-critical solutions for a more secure world, has signed an initial contract worth £0.3 million with Gulf Data International (gDi), an IT solutions provider and systems integrator based in Abu Dhabi. The contract will see TP Group work in partnership with Gulf Data International (gDi) to develop Artificial Intelligence…
Catena to acquire upto 30.2pc interest in AI company, Insight Capital Partners
LONDON: Catena Group, a UK based venture capital company, has entered into a conditional investment agreement to acquire an initial 9.1 percent interest in the ordinary share capital of Insight Capital Partners Limited for £1.5 million payable in cash. The Company has also secured an option to increase its holding to 30.2 percent of Insight’s…
SGX RegCo uses AI to enhance surveillance activities
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is making its surveillance and regulation of the securities market more targeted and effective with the application of artificial intelligence (AI) enhancements to its real-time monitoring system. The introduction of AI can help to better isolate unusual activity, by learning from historical trading patterns and filtering out noise caused…