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AI Weekly: TikTok’s algorithm licensing signals China’s play for AI dominance

Venture Beast

Join AI & data leaders at Transform 2021 on July 12th for the AI/ML Automation Technology Summit. This week, TikTok parent company ByteDance began licensing parts of its AI technologies to third parties through a new division called BytePlus. Register today.

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98point6 hit by new layoffs in latest change at health tech startup

GeekWire

98point6 said it will continue to have an appropriate level of staffing as it continues to license its software to other healthcare organizations. But then the startup went through an abrupt leadership change in 2021 when co-founder and CEO Robbie Cape was pushed out by the board.

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AI development booms as open source startups fill the gap

Dataconomy

A recent publication emphasizes the increasing demand for startups dedicated to developing open-source tools and technologies in the rapidly growing field of artificial intelligence. Financially, the top 50 COSS startups saw funding reach $513 million last year, showing a 32% increase from 2022 and a significant 145% growth from 2021.

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Digital health startup 98point6 raises more cash to fuel new era as a software licensor

GeekWire

It relaunched as 98point6 Technologies, a software-only company focused on licensing its tech to third-party healthcare providers. He replaced Jeff Greenstein , the company’s chairman who took over interim leadership duties following the departure of former CEO and co-founder Robbie Cape in August 2021. 98point6 CEO Jay Burrell.

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SAP to buy LeanIX to advance process optimization with AI

CIO Business Intelligence

In January 2021, it acquired process mining company Signavio to help enterprises identify their existing processes and recommend improvements to help with their S/4HANA migration. Artificial Intelligence, Data Center Management, Enterprise Applications, Enterprise Architecture, Generative AI, Mergers and Acquisitions, SAP

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Reddit is going public. Will its unruly user base revolt?

Vox

Reddit also recently signed a data licensing deal with Google , reportedly valued at about $60 million a year , to help train the search engine’s artificial intelligence models on the conversations happening on Reddit. The advent of AI large language models like Google Gemini has opened up new opportunities in licensing.

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8 big IT failures of 2023

CIO Business Intelligence

In space, no-one can cancel your software license NASA is a scientific marvel that does all sorts of cool and inspiring space stuff; it’s also a sprawling government bureaucracy with thousands of employees and computer systems under its umbrella.

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