Reddit plans to acquire Spell, a platform to run experiments on machine learning algorithms, for an undisclosed amount. The purchase is expected to help Reddit improve its spam detection and algorithm matching and surface more relevant posts for users. More: - Former Facebook engineer Serkan Piantino founded Spell in 2016 as a cloud computing solution for running resource-intensive ML experiments without the needed hardware.
- Reddit says acquiring the MLOps platform will help it more quickly integrate machine learning across its safety, products, and advertising teams.
- In addition, some Spell team members will transition to Reddit and work on AI projects that may help determine how Reddit "customizes ad placements, defines contextual relevance, and keeps its communities safe."
- During the acquisition process, Spell will no longer accept new commercial customers.
- The startup has raised at least $15M in funding to date.
SILICON VALLEY BUSINESS JOURNAL 
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Telehealth platform K Health partnered with Mayo Clinic on an algorithm that helps deliver personalized treatment options for hypertension, aka high blood pressure. The algorithm relies on Mayo Clinic Platform_Discover, a collection of de-identified data from 10 million patients. More: - K Health's 100+ primary care doctors will now utilize the algorithm, which intends to lower the time between diagnosis and treatment.
- The predictive model will take real-time insights from Mayo Clinic Platform_Discover to treat hypertension "more accurately and efficiently."
- K Health offers digital health appointments via mobile and web apps. It uses AI and a chat function to help patients understand how others with similar conditions and symptoms were diagnosed and treated, taking into account a person's age, gender, and medical history.
Zoom-out: - Mayo and K Health first announced their plans to improve patient care Mayo Clinic Platform, its digital health and AI projects, in 2020.
- Mayo's de-identified datasets contain 640 million clinical notes, 1.2 billion lab test results, and 3 million echocardiograms.
- The two plan to develop more personalized algorithms for other conditions such as asthma and diabetes.
FIERCE HEALTHCARE
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 A message from DATAGEN Meet us at CVPR Booth #813 to learn why synthetic data is powering the AI revolution. Datagen’s mission is to transform how teams get their data for computer vision network training and to bring data simulation to every CV team. We provide high-performance synthetic data, with a focus on data for human-centric computer vision applications. We developed the first self-service synthetic data platform that generates visual data which is both photorealistic and high-variance. Our platform allows CV teams to create high-fidelity synthetic data with granular control and in a scalable manner. Fortune 500 companies rely on Datagen to develop their future products in the worlds of AR/VR/Metaverse, In-Cabin Automotive, Robotics, IoT Security and more. Our team of experts are waiting to meet with you at CVPR, Booth #813. Schedule a meeting here. See you in New Orleans! Let's Meet
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The IRS said it's now using an AI-enabled phone bot to help set up payment plans for individuals with delinquent taxes. The Automated Collection System (ACS) and Accounts Management toll-free lines are designed to free up IRS call center employees for more difficult requests and tasks. More: - People who are behind on their taxes and received a mailed notice can now call the AI-powered system to set up a payment plan if they owe less than $25,000.
- The 24/7 system verifies a person's identity by asking for basic information and a number on the notice.
- "The idea is to free up more of our human assisters to interact with taxpayers who need to talk to us about much more complex issues," said Darren Guillot, IRS Deputy Commissioner of Small Business/Self Employed Collection & Operations Support.
- The bots will later automatically generate transcripts and account balances for taxpayers.
- The IRS previously started using bots to assist taxpayers who don't need to verify their identities. Those bots, which answer basic questions, have fielded over 3 million calls in the past several months.
FEDERAL NEWS NETWORK
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Shanghai-based XYZ Robotics raised $40M for its AI-enabled robotic technologies designed to boost supply chain automation. Its robotic perception and manipulation technology enable put wall sorting and goods-to-person picking for logistics and manufacturing. More: - XYZ says its robotic arms are capable of sorting random and unorganized warehouse goods into groups of customer orders.
- Its robotic pick-and-place system, which uses movement control algorithms and 3D computer vision, can pick upwards of 1,800 pieces an hour.
- Its customers are in the e-commerce, consumer goods, logistics, chemical, and pharmaceutical industries.
- XYZ's latest Series B+ round of financing was led by Capital Today and included Gaorong Capital, 5Y Capital, and Source Code Capital.
- The company has raised $100M+ to date.
DEAL STREET ASIA
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Lightning AI, a platform to help streamline AI/ML development, announced $40M in Series B funding from investors led by Coatue. Formerly Grid.ai, Lightning sells a commercial, managed version of the neural network development tool PyTorch Lightning, created by its co-founder and CEO William Falcon. More: - The open-source version of PyTorch Lightning simplifies many of the tasks needed to develop IAI software and applications, including managing the infrastructure for the neural network.
- The interface for PyTorch, Facebook’s deep learning framework, also simplifies AI training by using many processors.
- In addition to its enterprise version, Lightning provides pre-packaged AI applications for more common use cases.
- Its latest funding round included participation from Index, Bain, First Minute Capital, and the Chainsmokers’ Mantis VC. The startup plans to invest in additional AI research, expand its team, and create new capabilities for its platform.
- Lightning has raised $58.6M to date.
TECHCRUNCH
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AI Events and Conferences: - CVPR 2022, IEEE Conference on Computer Vision and Pattern Recognition: June 19-24, New Orleans.
- Deep Learning World: June 19-24, Las Vegas.
- International Conference on Machine Learning and Data Mining: July 16-21, New York City.
- ICML 2022, International Conference on Machine Learning: July 17-23, Baltimore, in-person conference with virtual elements.
- Ai4 2022: Aug. 16-18, Las Vegas.
- Deep Learning Summit: Sept. 14-15, London.
- AI & Big Data Expo — North America: Oct. 5-6, Santa Clara, Calif., and online.
- IROS 2022: International Conference on Intelligent Robots and Systems: Oct. 23-27, Kyoto, Japan.
- The AI Summit Silicon Valley: Nov. 3-4, Santa Clara, Calif.
- AI & Big Data Expo Global: Dec. 1-2, Hybrid and London.
- The AI Summit New York: Dec. 7-8, New York City.
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Quick Hits: - Learn why many SMEs are pivoting away from perimeter-based security to a Zero Trust model.*
- Coatue hired Atlassian CTO Sri Viswanath as a general partner focused on early- and growth-stage AI investments.
- Reports and Data predicts the worldwide AI in computer vision market will reach $130.6B by 2030, growing at a CAGR of 26.3%
- Amy, a startup that developed an AI-driven sales intelligence platform for business relationships, raised a $6M seed round led by Next Coast Ventures and Lorne Abony.
- C3 AI unveiled C3 AI Supply Chain Suite, a supply chain software product powered by Google Cloud products and infrastructure.
- AI Lean brought in $1.9M in funding for its AI-enabled software platform that manages liens.
- Adobe tools help you create, manage, and distribute personalized content. Take this self-assessment to test your brand's content velocity.*
*This is sponsored content.
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 |  | Beth is a writer and analyst at Inside.com covering artificial intelligence and daily tech news. Since starting work at Inside, she has covered various topics including virtual reality, drones, and e-commerce. Prior to that she was a public policy and investigative reporter for The Arizona Republic, where she won a Pulitzer Prize nomination and First Amendment Award for reporting on the rising costs of pensions. Reach her at Beth.Duckett@inside.com. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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