Daily AI Roundup: Biggest Machine Learning, Robotic And Automation Updates 11th January 2023

By AIT News Desk On Jan 11, 2023

This is our AI Daily Roundup today. We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence (AI), Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We cover the role of AI Daily Roundup and its application in various industries and daily lives.

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BioNTech to Acquire InstaDeep to Strengthen Pioneering Position in the Field of AI-powered Drug Discovery, Design and Development

BioNTech SE announced that they have entered into an agreement under which BioNTech will acquire InstaDeep, a leading global technology company in the field of artificial intelligence (“AI”) and machine learning (“ML”). The transaction includes a total upfront consideration of approximately £362 million in cash and BioNTech shares to acquire 100% of the remaining InstaDeep shares, excluding the shares already owned by BioNTech. In addition, InstaDeep shareholders will be eligible to receive additional performance-based future milestone payments up to approximately £200 million. The transaction follows BioNTech’s initial equity investment as part of InstaDeep’s Series B financing round in January 2022.

Exela Technologies Signs Strategic Partnership with Quintes Global

Exela Technologies, a global business process automation (“BPA”) leader,announced a partnership with Quintes Global (“QG”), an innovative company with a differentiated first-of-its-kind offering of ‘Dedicated Captive Solutions’ headquartered in New Delhi, India. Exela will deploy its cloud-based Robotic Process Automation (“RPA”) solution, to enable end-to-end digitization of processes performed by QG for its customers under the unique Dedicated Captive Model.

Companies in Brazil Move Toward End-to-End Automation

Enterprises in Brazil are under increasing pressure to adopt end-to-end automation platforms as they recognize that their survival depends on having more flexible and adaptable operations, according to a new research report published today by Information Services Group (ISG) a leading global technology research and advisory firm.

Arize AI Debuts General Availability of Embedding Drift Measurement

Arize AI announced that it is making embedding drift monitoring available to all customers and free users of the company’s leading machine learning (ML) observability platform.

Equal Access Carriers, Inc. (EAC), Is Introducing a New AI-based Approach for the Early Diagnosis of Disease

The EAC “UmbrellaAI” platform features the emerging technologies of this new AI, coupled with edge computing, 5G and patented crypto security. EAC/GGU previously used the research to deliver a novel way to identify misinformation and detect financial fraud. The current application focuses the technology on diagnosing diseases in their early stages.

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