Microsoft announced new AI tools for business tasks and applications. The tech giant unveiled Dynamics 365 Copilot, an AI-powered suite of customer relationship management (CRM) tools and enterprise resource planning (ERP) tools. It also launched new AI features within its Power Platform, its low-code applications for developing apps, AI bots, workflows, and more. Dynamics 365: - As of today, Microsoft is offering the "Copilot" version of its Dynamics 365 business management platform, which aims to automate some customer service, marketing, and sales tasks.
- Dynamics 365 Copilot, described as an AI assistant, incorporates OpenAI technology to automate tasks, such as writing email responses, drafting chat and email answers, and producing email summaries or Teams meeting in Outlook.
- The tools are now in preview mode in Dynamics 365 applications, as well as Microsoft Viva Sales.
Power Platform: - Separately, Microsft unveiled new generative AI tools within its Power Platform.
- These include the Power Virtual Agent for businesses to develop chatbots, which now automatically creates summaries of customer queries and weekly reports.
- The AI Builder feature, which automates business workflow, has also added a new content-generating model and Azure OpenAI services.
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Microsoft is hosting a "Future of Work with AI" event on March 16, when it could demo new AI integration with Office apps such as Word, PowerPoint, and Outlook. According to The Verge, Microsoft is integrating OpenAI's new Prometheus AI model and language technology into the productivity apps. More: - The live stream will begin at 8 a.m. PT/11 a.m. ET. CEO Satya Nadella and Microsoft 365 lead Jared Spataro are hosting the presentation, which to will show viewers "how AI will power a whole new way of working for every person and organization."
- While Microsoft hasn't shared exact details of the event, a previous report by The Verge suggested it was tentatively scheduled to reveal AI Office integration sometime this month.
- According to The Information, Microsoft has been working to bring GPT text generation abilities to Word, Outlook, PowerPoint, and other Office apps.
- AI in Outlook could be used to improve search results and suggest replies to emails.
- In Word, Microsoft is looking into how GPT technology could suggest alternative words and phrases while the user types.
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Healthcare company Transcarent is acquiring the virtual and primary care businesses of AI-powered startup 98point6. While financial details weren't disclosed, Forbes reports that the deal may be worth up to $100M. More: - Specifically, 98point6 is selling its physician group, self-insured employer business, and a software license to Transcarent, a Palo Alto-based startup founded by entrepreneur Glen Tullman.
- 98point6 is known for its AI-powered chatbot that gathers patient data via text messages and summarizes the findings for a doctor.
- Through the acquisition, Transcarent is "putting AI front and center," Tullman said. He said Transcarent plans to combine 98point6's AI-enabled virtual care technology and physicians with its own comprehensive care platform.
- Once the deal closes, 96point6's remaining assets will be rebranded as 98point6 Technologies, which plans to license out its software to health systems.
MOBIHEALTHNEWS
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AI-driven consumer lending startup Abound secured £500M ($601M) in debt and equity finance to expand its "open banking" approach to loan deals. Rather than using traditional credit scores, the U.K.-based startup relies on data gathered from big bank APIs, as well as AI, to generate profiles of each customer. More: - Abound, previously known as Fintern.AI, uses banking transaction data to build AI risk and lending profiles, known as "financial X-rays."
- The company claims this technique allows it to offer lower interest rates than traditional lenders who use only credit scores.
- "We see ourselves as going beyond credit scoring," said CEO Gerald Chappell, who co-founded Abound in 2020.
- The firm's latest debt financing comes from U.S. bank Citi and Waterfall Asset Management clients. Equity investors include GSR Ventures, K3 Ventures, and Hambro Perks.
- The funding will go toward technology investments, loan financing, and drawing in more customers to its platform.
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Presight AI, the big data analytics unit of Abu Dhabi AI firm G42, is seeking to raise more than 1.82 billion dirhams ($496M) in an IPO later this month. The United Arab Emirates' Securities and Commodities Authority recently approved Presight AI's application to list shares on the Abu Dhabi Securities Exchange's (ADX) first market. More: - The offer period will run from March 13 through March 17. Presight AI is planning to sell 1.36 billion shares at 1.34 dirhams each, giving it a valuation of 7.51 billion dirhams ($2.04B).
- Presight says it uses AI and analytics to offer "insight-driven decision-making" for commercial businesses and public services.
- Its owner, UAE artificial intelligence firm G42, is chaired by the United Arab Emirates' national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, who is a UAE government and Abu Dhabi ruling family member.
- The larger AI and cloud computing company's operations include autonomous vehicles, energy, and healthcare initiatives. It calls itself a "global leader" in creating visionary AI and "champions AI as a powerful force for good."
- In October, G42's geospatial and data analytics firm, Bayanat, raised $171M in an IPO.
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AI Events and Conferences: - Reinforce AI Conference: March 6-7, Budapest and online.
- ACM/IEEE International Conference on Human-Robot Interaction: March 13-16, Stockholm, Sweden.
- The European Chatbot & Conversational AI Summit: March 15-16, Edinburgh, U.K., and online.
- Data Innovation Summit ANZ edition: March 16, Melbourne, Australia.
- Memory Con: March 28-29, Mountain View, California.
- AI World Congress 2023: June 7-8, London.
- Big Data and Analytics Summit Canada: June 13-14, Toronto.
- Ai4 2023: Aug. 7-9, Las Vegas, Nevada.
- AI Hardware Summit: Sept. 12-14, Santa Clara, California.
- Edge AI Summit: Sept.12-14, Santa Clara, California.
- AI & Big Data Expo Global 2023: Nov. 30-Dec. 1, Olympia, London.
- The AI Summit New York: Dec. 6-7, New York City.
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- Microsoft is now testing machine learning-powered video upscaling for the Edge web browser.
- A Canadian couple lost $21,000 after a scammer requested the funds using an AI-generated version of their son's voice.
- Law firm DLA Piper has hired 10 data scientists to join its new unit focused on advising clients on AI issues.
- The Misalignment Museum, an art installation exploring artificial general intelligence's positive and negative sides, is running through May 1 at 201 Guerrero St. in San Francisco.
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 |  | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can 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 and 1972 Fords. | |
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