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Bank of America’s big bet on AI started small

CIO

And more than 90% of the companys 200,000-plus employee base use Erica for Employees , BofAs in-house agent for its workforce, resulting in reduced calls to the IT service desk by more than 50%, he says. Developers, for instance, are using a AI-based tool to assist with coding and have seen efficiency gains of more than 20%, the company says.

Banking 168
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How we pivoted our deep tech startup to become a SaaS company

TechCrunch

The process wasn’t precisely linear, but (looking back) we did four core things to conclude SaaS was our model: Assessed what was truly disruptive, scalable and profitable about our technology. Two years later, I joined as a growth-stage CEO after leading two energy technology companies to scale and acquisition.

Company 247
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Understanding the Dynamics of Custom Software Development

The Crazy Programmer

After endless searching, they finally decide to seek out a software development company, like BairesDev , to turn their ideas into a reality. Compared to commercial off-the-shelf software products (COTS), custom-developed software is built to meet a narrow, specific set of requirements. Why Choose Custom Software Development?

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Hugging Face collaborates with Microsoft for new AI-powered Azure service

TechCrunch

Fresh off a $100 million funding round , Hugging Face, which provides hosted AI services and a community-driven portal for AI tools and data sets, today announced a new product in collaboration with Microsoft. ” “The mission of Hugging Face is to democratize good machine learning,” Delangue said in a press release.

Azure 246
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Gather AI secures new cash to scan inventory in warehouses using drones

TechCrunch

The proceeds bring the company’s total raised to $17 million, which CEO Sankalp Arora says is being put toward expanding Gather’s deployment capacity and go-to-market plans as well as hiring new machine learning engineers. ” Gather isn’t the first to market with a drone-based inventory monitoring system.

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CaptivateIQ raises $46M for its no-code sales commissions platform

TechCrunch

CaptivateIQ , which has developed a no-code platform to help companies design customized sales commission plans, has raised $46 million in a Series B round led by Accel. We typically see conversations start with teams that have a minimum of 25 sales people, though we easily serve enterprises and public companies as well.”.

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Bedrock modernizes seafloor mapping with autonomous sub and cloud-based data

TechCrunch

The push for renewable energy has brought offshore wind power to the forefront of many an energy company’s agenda, and that means taking a very close look at the ocean floor where the installations are to go. “This is a big data problem — how would you design the systems to support that solution? .