Intel is not disclosing any financial terms of the deal, nor who from the startup will join Intel. Cnvrg, co-founded by Yochay Ettun (CEO) and Leah Forkosh Kolben, had raised $8 million from investors that include Hanaco Venture Capital and Jerusalem Venture Partners, and PitchBook estimates that it was valued at around $17 million in its last round.
It’s a strategy Quek said is fundamental to the company’s mission of inspiring “every person in the world to start selling and buying.” To help with that, Carousell now draws heavily on artificial intelligence (AI) to speed up the selling process. Image recognition, for instance, will automatically identify items and apply the appropriate categories and tags. Ultimately, Carousell wants to reduce listing times from 30 seconds to just three. “We’re doing a lot of things around AI,” said Quek. “We want to make selling even simpler, so today you can already take a photo, your category will be suggested, your title will be suggested, your price will be suggested.”
Image Credits: Towfiqu Photography (opens in a new window)/ Getty Images With the U.S. presidential election now 40 days away, all eyes are focused on how online conversations, in conjunction with other hallmarks of online life like viral videos, news clips and misleading ads, will be used, and often abused, to influence people’s decisions. But political discourse, of […]
The new kind of test pits machine-learning models against humans who do their best to fool them. The explosive successes of AI in the last decade or so are typically chalked up to lots of data and lots of computing power. But benchmarks also play a crucial role in driving progress—tests that researchers can pit […]
The disruption caused by the pandemic has only accelerated investments in AGVs. But what are these machines, and how will they impact the human workforce? Investment and funding continues to pour into the AGV industry, which is expected to become a US$2.74 billion markets by 2023 The disruption caused by the pandemic has only accelerated […]
AI analysis finds that in-app ad issues are fixed faster on Android than iOS A recent research shows evidence that in-app ad problems are resolved better than their iOS equivalent on Apple’s App Store with popular Android applications on Google Play. A team investigated the ads in 32 cross-platform apps that rank in the respective […]
While the science was front-and-center in Elon Musk’s presentation about Neuralink, his human brain computer inference company, the surgical robot the company debuted made a splash of its own. The rounded polycarbonate sci-fi design of the brain surgeon bot looks like something out of the Portal franchise, but it’s actually the creation of Vancouver-based industrial design firm Woke Studio. […]