MetaMind Wins $8 Million To Bring AI to Business Users

Just days after Stephen Hawking, a preeminent British physicist, warned artificial intelligence (AI) could end mankind, MetaMind announced its new AI platform and an initial $8 million in funding from Khosla Ventures and Salesforce Chairman and CEO Marc Benioff.

MetaMind has developed what it calls EUdeep learningEU software that combines natural language processing and computer vision to solve complex data problems. The technologyEUs goal is to pave the way for automated predictions and smarter decision-making for businesses -- faster and with more accuracy than existing solutions.

"Textual and image data is growing exponentially and is already at a scale where human beings are no longer capable of processing it effectively. Recent and rapid advances in machine learning -- deep learning in particular -- are making solutions possible for problems that previously couldn't be addressed," said Sven Strohband, MetaMind CEO and CTO at Khosla Ventures. "We are pushing beyond established benchmarks in vision and language understanding and making this leading-edge technology broadly available to business users via our AI platform."

Benioff Is Impressed

MetaMind CTO Richard SocherEUs deep learning research is the baseline of the companyEUs technology. MetaMind is winning plenty of accolades for its computer vision system that targets both Fortune 500 companies and smaller organizations across a range of industries. Benioff called it EUsome of the most impressive technology I have ever seen.EU

The practical applications include: classifying cancer in mammograms in a healthcare setting; identifying sentiment in financial reports to assist in algorithmic trading in financial services; automating customer support responses for companies that get large volumes of inquiries; automating social media analyses; and calculating the fair price of a car by processing images of the vehicle and more.

Yoshua Bengio, one of most well-known deep learning researchers, said MetaMind is one of the few deep learning startups with recognized and strong academic credentials...

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