Tuesday, 2 November 2021

VB Daily | November 2 - Microsoft books a ticket to the Metaverse 🎟️🌌

Daily Roundup
Presented by   
Ignite 2021 takes the Lead
[1]  Microsoft introduces a metaverse for meetings 
[3] Robotic process automation tools unveiled by Microsoft
The Follow
[1] A week after Facebook articulated its future in the metaverse, Microsoft offered its vision for augmented and virtual reality (AR/VR) meetings in Microsoft Mesh for Teams at its November Ignite developer event. The service, the company says, combines the AR/VR capabilities of Microsoft Mesh — which allows people in different physical locations to join collaborative experiences through AR and VR — with the productivity tools of Teams.
Mesh builds on existing Teams features such as Together mode and Presenter view that make remote and hybrid meetings more immersive, according to Microsoft corporate VP Jeff Teper. Presenter view offers different views to, for example, show slides and notes while the audience only sees slides, while Together mode uses AI to place everyone on a call in a shared room-like environment, similar to a coffee shop.
Mesh for Teams — which Microsoft says anyone will be able to access from smartphones, PCs, and AR/VR headsets when it launches in preview in the first half of 2022 — and is ostensibly designed to make meetings more "personal" and "engaging." Users join a standard Teams meeting as a customized avatar of themselves, and organizations can build spaces — "metaverses" — within Teams. Mesh for Teams users can then take their avatars (or, alternatively, video, static picture, or bubble with initials) into these spaces to mingle. >> Read more.
[2]  At its Ignite 2021 conference today, Microsoft announced Loop, a new app that combines a "flexible canvas" with components that sync across Microsoft 365 services to help teams communicate and work remotely together. Built on Microsoft's Fluid Framework, Loop is "the next big breakthrough in Microsoft 365," according to Microsoft 365 corporate VP Jared Spataro.
"We're completely reimagining Office to go beyond the traditional confines of a document, spreadsheet, or presentation, spilling over to entirely new mediums. Just as Teams transformed collaboration and productivity," Spataro said in a blog post.
Loop components are "units of productivity" that allow users to complete work and collaborate in the flow of work, either on a Loop page or in a chat, email, document, or online meeting. Components can be as simple as lists, tables, and notes — or as sophisticated as a customer sales opportunity from Dynamics 365, according to Microsoft — and they always stay in sync across all Microsoft 365 apps. >> Read more.
[3] Today, Microsoft announced significant advances to its Power Automate platform to help scale robotic process automation (RPA) infrastructure. Key advances include new capabilities for understanding business processes, collaborative bot development, and scaling RPA software bots with virtual desktops. Microsoft is a relative latecomer to the RPA playing field, but is growing this capability quickly — thanks to its existing strengths in office productivity apps, Windows integration, and Azure cloud infrastructure.
The field of RPA started as a way to program sophisticated macros for automating repeating tasks like copying and pasting data between two business apps. Gartner has suggested the future of this field, known as hyperautomation, includes finding ways to identify automation opportunities and program automations, then scale the deployment of the automation more efficiently. Microsoft's newest updates tick the boxes of significant progress on all three of these aspects.
Better integration between RPA and Azure desktops promises to simplify the processes of setting up and scaling the appropriate machine configurations for RPA deployments. >> Read more.
 It's time to build your website the modern way.
Other Leading Topics of Note
[1] NeuReality and IBM team up to develop AI inference platforms - NeuReality, an Israeli-based semiconductor company developing high-performance AI inference technology, has signed an agreement with IBM to develop the technology. The technology aims to deliver cost and power consumption improvements for deep learning use cases of inference, the companies said. IBM and NeuReality claim their partnership will allow the deployment of computer vision, recommendation systems, natural language processing, and other AI use cases in critical sectors like finance, insurance, healthcare, manufacturing, and smart cities. >> Read more.
[2] Pharma startup Quris aims to use a 'patient on a chip' to target drug delivery -  Nobel Laureate, Aaron Ciechanover, is one of several notable names behind pharma startup Quris. The company aims to bring together artificial intelligence, the industry's vast knowledge of the human genome, and the concept of the "patient on a chip" to improve the effectiveness of drug delivery.
"At the base of it, pharma is amazingly ineffective," says Quris founder and CEO Dr. Isaac Bentwich. "We need to be able to better predict which drug candidates will work safely in humans." >> Read more.
[3] Linux Foundation to promote dataset sharing and software dev techniques - At the Linux Foundation Membership Summit this week, the Linux Foundation — the nonprofit tech consortium founded in 2000 to standardize Linux and support its growth — announced new projects: Project OpenBytes and the NextArch Foundation. OpenBytes is an "open data community" as well as a new data standard and format primarily for AI applications, while NextArch — which is spearheaded by Tencent — is dedicated to building software development architectures that support a range of environments. >> Read more.
The Buzz
Pedro Domingos
Experts are irritated by how machine learning ignores their knowledge, but it's often that ignorance that allows it to discover things they didn't know.
Bindu Reddy 🔥❤️
Twitter is the closest we have to a human neural network

Each of us are nodes in the collective network…

Transforming the information we receive with our weights and biases and propagating it to others
The Funding Breakdown
  • Nuro nabs $600M - The driverless delivery company has partnered with Google and says it will use the new funding to further develop and deploy its autonomous delivery service with some of the biggest brands across the U.S. This brings its valuation to $8.6 billion, according to sources, up significantly from its $5 billion valuation less than a year ago.
  • When I Work raises $200M - The timesheet tracking app's latest capital will enable the company to expand its product suite as it pursues new merger and acquisition opportunities. When I Work provides shift-based workforce management software that handles scheduling, communication, and tracking the time employees take to complete jobs.
  • OctoML secures $85M - OctoML, a platform that helps enterprises optimize and deploy machine learning (ML) models, says it will put the funding toward expanding its roster of partnerships across hardware vendors and cloud providers. Founded out of Seattle in 2019, OctoML helps companies deploy ML models through to production environments. It does this by automatically tailoring models to suit the target hardware platform, cloud provider, or edge device, with no manual rewriting or re-architecting required — in other words, it saves a significant amount of time and resources.
  • Laika raises $35M - The compliance-as-a-service platform founded in 2019, Laika, essentially helps smaller software companies pass security audits, which puts them in a stronger position to attract larger enterprise customers. This is particularly notable at a time when companies are having to manage a growing bank of confidential data while adhering to regional regulations such as GDPR and CCPA, or existing industry-specific privacy regulations. The company says it will use its latest cash injection to build out additional automation features and integrate further audit-related tooling into its platform.
  • Apollo.io lands $32M - The San Francisco, California-based company that serves as a sales intelligence platform for B2B companies will use this funding to expand its team and client base as well as to strengthen its technology platform.
Customer Experience Summit Registration Open
 
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