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Bank of America’s big bet on AI started small

CIO

Bank of America will invest $4 billion in AI and related technology innovations this year, but the financial services giants 7-year-old homemade AI agent, Erica, remains a key ROI generator , linchpin for customer and employee experience , and source of great pride today. We are not writing essays with Erica. We are not trying to write software.

Banking 169
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Understanding the Dynamics of Custom Software Development

The Crazy Programmer

Compared to commercial off-the-shelf software products (COTS), custom-developed software is built to meet a narrow, specific set of requirements. Commercial off-the-shelf products are obviously designed to appeal to the masses as they are commercially marketed and distributed. 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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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. An early observation was that there were already several large, established players making off-the-shelf electric motors.

Company 247
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Gather AI secures new cash to scan inventory in warehouses using drones

TechCrunch

The trio had the idea to use drones to gather data — specifically data in warehouses, such as the number of items on a shelf and the locations of particular pallets. Arora co-founded Gather AI in 2019 with Daniel Maturana and Geetesh Dubey, graduate students at Carnegie Mellon’s Robotics Institute.

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

TechCrunch

This means that data is collected much closer to ordinary internet infrastructure and can be handed off for cloud-based processing and storage more easily than before. Fortunately Bedrock is here to drag that mapping process into the 21st century with its autonomous underwater vehicle and modern cloud-based data service.

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

TechCrunch

The company touts its SaaS platform as a combination of the familiarity of spreadsheets with the scalability and performance of software, so that users can configure any commission plan “entirely on their own,” according to Teng. . CaptivateIQ must be doing something right. 3 steps to ease the transition to a no-code company.