6 AI Startups to Watch

by Startacus Admin

6 AI Startups to Watch

They don’t feel pity or remorse or fear, and they will absolutely not stop, ever. Probably. Which is fine if they are, say, helping you manage your finances rather than hunting you down to bring about the end of humanity. Real life artificial intelligence isn’t the same murderous thing it is in science fiction (yet), but rather is a bundle of complex code and algorithms, carrying out tasks in a seemingly intelligent way.

‘Deep learning’ expands on this, allowing an AI to learn and adapt, making itself not only more useful and less susceptible to mistakes, but also more human-friendly. And it can be a very helpful tool. Here are 6 startups that understand this and intend to take full advantage.

Cleo

Cleo is an AI assistant for managing your money. Rather than trawling through your bank accounts, statements, receipts, etc., you can simply ask Cleo what your finances are like. Want to know how much you have spent in the past month, or how much you have spent in a single shop? Just ask Cleo. Of course, there is a dashboard for a detailed breakdown too, so you don’t have to wear your thumbs down texting an AI constantly. For more information on Cleo, look out for our upcoming interview with the team behind it.

The Grid

Not the one from Tron. The Grid is the answer to technically challenged or simply busy people who cannot or will not spend money on a web developer or build a website themselves. It is, simply put, an AI web developer. You tell The Grid what kind of website you want, its purpose, what you want from the site, and it will build one for you. As you throw at it images, text, videos, links, and anything else you have, The Grid will incorporate it all into your custom built website, even making alterations such as image colour correction to ensure everything fits together and flows nicely. It even takes care of things like A/B testing and offers content suggestions.

Enlitic

Enlitic is a medical diagnostic tool designed to help radiologists improve the accuracy of diagnostics and reduce image read times. By automatically scanning for hundreds of specific conditions and diseases in your medical data, such as x-rays, CT scans and MRIs, Enlitic can help your doctor identify issues quicker and more easily while lowering rates of misdiagnosis. In tests, Enlitic has proven to be 50% more successful in detecting lung cancer nodules than a panel of expert radiologists, and it is able to detect fractures only 0.01% the size of the x-ray image – a radiologist would need some serious milk-bottle-bottom glasses for that. 

X.ai

Nailing down the details of a meeting can take time away from other important tasks while you email back and forth. X.ai has a solution for this: Amy Ingram and Andrew Ingram. When you want to set up a time to meet with someone, you simply Cc Amy or Andrew into the email and let her/him work out the details with the other person. If you hadn’t guessed, Amy and Andrew are X.ai’s artificial intelligence. All it needs is to know a few of your preferences – such as times you do not want to meet, or preferred contact methods – and it will nail down the other details on your behalf, allowing you to reclaim the time it would otherwise take to email back and forth.

Status Today

This one is headed more towards the kind of scary AI that we know from science fiction. Security startup Status Today uses machine learning and human behavioural analysis to detect possible malicious behaviour. Their website claims that the AI ‘understands human behaviour’, thereby protecting companies from inside threats and data breaches. It is self-learning and so can adapt to each company using it in order to identify what is normal behaviour and what is suspicious. It seems likely that false accusations will be an inevitable part of the evolution process, but once the Orwellian kinks are worked out, this AI could be invaluable to businesses in fear of things like data theft.

 

Legal Robot

Unless you went to law school or have your own solicitors on retainer, chances are you have struggled with the legalese of a legal document of some kind. Legal Robot aims to end this struggle with an AI that will read your documents for you and translate them into easy to understand language. As well as this, it assesses fairness and risk to all involved parties. If you are the one sending out a legal document, Legal Robot can help you there too, identifying and fixing errors, saving you money and embarrassment.

 

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Published on: 30th March 2016