Recent developments in the field of Artificial Intelligence (AI) have been making headlines, with various companies and organizations exploring its potential applications. Salestools AI, a B2B SaaS platform, has secured a 2 million euro seed investment from GapMinder Fund II to expand its engineering team and prepare for US market entry. The company uses AI to boost enterprise sales through autonomous digital agents. Meanwhile, a consortium of companies, including Nestle UK&I and Google Cloud, has developed an AI solution to redistribute surplus food, aiming to prevent up to 1,400 tonnes of CO2 from being emitted and deliver up to 14 million pounds of cost savings. Huawei is promoting its Ascend AI chip-based Supernode computing architecture to developers, while Norway's sovereign wealth fund is requiring the use of AI among its employees. However, a new study has found that people are less likely to accept euthanasia decisions made by AI than those made by human doctors, highlighting the need for careful consideration of AI's role in medical decision-making. Other developments include the use of AI in Holocaust research, the global AI race, and the potential impact of AI on entry-level tech jobs and physical therapy sales.
Key Takeaways
- Salestools AI has secured a 2 million euro seed investment from GapMinder Fund II to expand its engineering team and prepare for US market entry.
- A consortium of companies, including Nestle UK&I and Google Cloud, has developed an AI solution to redistribute surplus food.
- Huawei is promoting its Ascend AI chip-based Supernode computing architecture to developers.
- Norway's sovereign wealth fund is requiring the use of AI among its employees.
- A new study has found that people are less likely to accept euthanasia decisions made by AI than those made by human doctors.
- AI is being explored for its potential applications in Holocaust research.
- The global AI race is having significant implications for businesses and investors.
- AI may be contributing to a decline in entry-level tech jobs.
- AI is being used to boost physical therapy sales, with one company seeing a 35% monthly increase in sales.
- AI is breaking the traditional security stack, highlighting the need for a new approach to security in the age of AI.
Salestools AI gets 2 million euros
Salestools AI, a B2B SaaS platform, has secured a 2 million euro seed investment from GapMinder Fund II. The company uses Artificial Intelligence to boost enterprise sales through autonomous digital agents. Salestools AI was founded in 2015 by Loredana Qvist and Jesper Qvist. The funding will be used to expand the engineering team in Bucharest and prepare for US market entry. The company's AI-powered digital agents automate and optimize every step of the sales cycle, from identifying leads to closing deals.
GapMinder invests in Salestools AI
GapMinder Fund has invested 2 million euros in Salestools AI, an AI company that automates B2B sales processes. Salestools AI uses digital agents to identify potential clients and interact with them 24/7. The company was founded in 2015 by husband and wife team Loredana Qvist and Jesper Qvist. The funding will be used to scale the engineering team in Bucharest and build out the next generation of AI Sales Agents. Salestools AI has customers from multiple Fortune 50 companies in North America, Europe, and APAC.
GapMinder Fund II invests in Salestools AI
GapMinder Fund II has invested 2 million euros in Salestools AI, a company that leverages Artificial Intelligence to boost B2B sales. Salestools AI uses autonomous digital agents to automate and optimize every step of the sales cycle. The company was founded in 2015 by Loredana Qvist and Jesper Qvist. The funding will be used to scale the engineering team in Bucharest and establish a Revenue Intelligence Network. Salestools AI has developed a real-time visitor intent tracking system and aims to build the world's first autonomous network powered by Artificial Intelligence.
AI reduces food waste
A consortium of companies, including Nestle UK&I, Google Cloud, and Zest, has developed an AI solution to redistribute surplus food. The solution uses an integrated AI-powered platform to connect food manufacturers, logistics providers, and charities. The project aims to redistribute up to 700 tonnes of quality surplus food, equivalent to up to 1.5 million meals. The trials are estimated to prevent up to 1,400 tonnes of CO2 from being emitted and deliver up to 14 million pounds of cost savings.
Nestle and Google test AI food waste solution
Nestle UK&I and Google Cloud have partnered with other companies to test an AI solution to prevent food waste. The solution uses an integrated AI-powered platform to connect food manufacturers, logistics providers, and charities. The project aims to redistribute up to 700 tonnes of quality surplus food, equivalent to up to 1.5 million meals. The trials are estimated to prevent up to 1,400 tonnes of CO2 from being emitted and deliver up to 14 million pounds of cost savings.
Huawei promotes AI chip architecture
Huawei is promoting its Ascend AI chip-based Supernode computing architecture to developers. The architecture is designed to overcome bottlenecks in data centers and is touted as a rival to Nvidia's NVL72 system. Huawei has deployed its CloudMatrix 384 system, which uses 384 Ascend AI processors, at its data centers in China. The system delivers 300 petaflops of computing power and 48 terabytes of high-bandwidth memory.
Norway wealth fund requires AI use
The CEO of Norway's sovereign wealth fund has told staff that using AI is a must. Nicolai Tangen believes that AI can help keep the fund's headcount from growing and has been promoting the use of AI among employees. The fund has around 670 staff and manages over $1.8 trillion in assets.
AI breaks traditional security stack
A recent article discusses how AI is breaking the traditional security stack and how to fix it. The article highlights the need for a new approach to security in the age of AI. It also discusses the challenges and opportunities presented by AI in the field of cybersecurity.
People distrust AI euthanasia decisions
A new study has found that people are less likely to accept euthanasia decisions made by AI than those made by human doctors. The study found that people perceive humans as more competent decision-makers and are more likely to trust their decisions. The study's findings have implications for the use of AI in medical decision-making.
Symposium explores AI in Holocaust research
A public symposium was held to explore the use of AI in Holocaust research and memory. The symposium brought together scholars from various disciplines to discuss the potential benefits and challenges of using AI in this field. The event was co-sponsored by the United States Holocaust Memorial Museum and the University of Washington.
Webinar on global AI race
A webinar was held to discuss the global AI race and its implications for businesses and investors. The webinar featured speakers from GF Securities, Bloomberg Intelligence, and HKEX. They discussed the latest trends and developments in the field of AI and their potential impact on the global economy.
AI may shrink entry-level tech jobs
A new study suggests that AI may already be shrinking entry-level jobs in the tech industry. The study found that tech companies are hiring fewer recent college graduates and instead are focusing on hiring experienced professionals. The use of AI in automating routine tasks may be contributing to this trend.
AI boosts physical therapy sales
A Dublin company has seen a 35% monthly increase in sales thanks to its AI-assisted physical therapy platform. The platform uses AI to provide personalized therapy plans and has been successful in reducing patient recovery times. The company's success is an example of the potential benefits of using AI in the healthcare industry.
Sources
- Salestools AI Raises €2M Seed Round from GapMinder VC to Scale Autonomous Sales Agents
- GapMinder Fund invests EUR 2 mln in Romanian AI-based B2B sales automation company
- GapMinder Fund II invests EUR 2 million in Salestools AI, an AI company that automates B2B sales process
- Accelerating the food chain revolution: All-star food consortium uses AI to redistribute the equivalent of up to 1.5 million surplus meals.
- Nestlé UK&I, Google Cloud And Industry Partners Test AI Solution To Prevent Food Waste
- Huawei pushes Ascend AI chip-based ‘Supernode’ architecture to developers
- Norway Wealth Fund Chief Tells Staff That Using AI Is a Must
- Why AI breaks the traditional security stack — and how to fix it
- Study reveals lower acceptance of euthanasia decisions made by AI
- Public symposium explores question of AI in Holocaust research
- Invest in Asia: China x Bloomberg Intelligence | The Global AI Race: Entering a New Paradigm Webinars
- AI may already be shrinking entry-level jobs in tech, new research suggests
- AI-assisted physical therapy grows sales 35% monthly for Dublin company