#SOUVENIR ✨ Inauguration du robot de téléprésence nommé BEAM, à la #villakerylos en 2017. Ce robot vous permet de visiter un monument à distance en le pilotant depuis un ordinateur ! Et vous, quelle a été votre dernière expérience innovante dans un monument historique ? Répondez en commentaire👇 Nous sommes impatients de vous lire 😀
👁 Chinese artificial intelligence provider #Megvii Inc, commonly known as #Face++, is targeting to raise 💵 $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.
Bank of #China Group Investment Ltd, the state bank's private equity (PE) arm, is looking to lead the fundraising with $200 million, two of the people told Reuters, declining to be named as the information is confidential. Terms of the fundraising have not been finalised, the people added.
Beijing-based Megvii declined to comment. Bank of China's PE arm did not respond to a request for comment.
Megvii's latest fundraising comes amid Beijing's plans to build a ubiquitous closed-circuit television (CCTV) surveillance network and become an international leader in AI, a technology that is increasingly becoming key to various sectors.
Chinese and some foreign investors are pouring money into start-up firms that specialize in AI given Beijing's emphasis on the technology. Investments in the sector surged to nearly $2 billion this year via 75 deals, more than four times the total value in the previous two years, according to Refinitiv data.
The technology has grabbed the attention of businesses from healthcare to financial services looking to use algorithms to comb through large troves of data to recognize patterns and solve problems. It is also set to spread to driverless cars and service robots in the future.
Megvii's rival SenseTime Group Ltd raised $620 million in May at a valuation of over $4.5 billion, after a $600 million round in April led by Alibaba (NYSE:BABA).
Earlier this year, Alibaba also invested $327 million in Megvii, the start-up behind the e-commerce giant's online payment arm #Alipay's "scan your face to pay" function, a fundraising document reviewed by Reuters shows.
#Alibaba and Megvii declined to comment on the investment.
In 2017, Megvii raised $460 million from investors including China State-Owned Capital Venture Investment Fund, Ant Financial and #Foxconn Technology.
2 1733 minutes ago
United Supermarkets Fight Porch Pirates by Accepting FedEx Packages for Pickup “Porch pirates” are notorious for robbing deliveries from people’s doorsteps. United Supermarkets plans to combat this nuisance in Lubbock this Yuletide season. Part of Albertsons Cos., the grocery chain now allows Lubbock residents and surrounding communities to ship Federal Express packages directly to one of its stores (under the United, Market Street and Amigos banners) for pickup instead of to their homes.
United Supermarkets is not backing down on delivery protocols so that its customers can be assured of stringent package security and tracking. Every day, a trained team member will receive all FedEx packages and place them in a secure holding area behind the guest services counter. No other FedEx services, such as shipping or labels, will be available.
Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise US$500 million in a new funding round that pegs the current valuation of the firm at US$3.5 billion, people with knowledge of the matter said.
Bank of China Group Investment Ltd, the state bank's private equity (PE) arm, is looking to lead the fundraising with US$200 million, two of the people told Reuters, declining to be named as the information is confidential. Terms of the fundraising have not been finalised, the people added.
Read more at
1 13an hour ago
Global consulting firm Mckinsey estimates that 30% of the global workforce could be displaced by 2030 due to automation and digitisation.
In a continent layered with vast challenges and opportunities the notion of the fourth industrial revolution comes with much uncertainty and anticipation.
This week's article #AI in #africa is a holistic overview at the state of #artificialintelligence in the continent.
See bio for more
Okay so a few day back, I was asked in a DM about why kNN is considered to be a lazy algorithm. So here it is.
What a k-Nearest Neighbors algorithm does is that whenever a new situation occurs, it scans through all past experiences and looks up the k closest experiences. Those experiences (or: data points) are what we call the k nearest neighbors. If we have a classification task we take the majority vote
Why is this algorithm called “lazy”? Because it does no training at all when we supply the training data. At training time, all it is doing is storing the complete data set but it does not do any calculations at this point.
Also the algorithm is storing the complete training data. So, the memory needs grow linearly with the number of data points we provide for training. Better implementations of this algorithm might choose to store the data in a more compact way. But in a worst-case scenario we will still end up with a lot of memory usage.