tech:

taffy

Microsoft acquires deep learning startup Lobe for undisclosed sum

Microsoft has acquired San Francisco, Calif.-based deep learning startup Lobe for an undisclosed sum.

Lobe is working to make deep learning simple, understandable and accessible to everyone, says Microsoft. The company’s visual interface lets people create apps that can understand hand gestures, hear music, or read handwriting, Microsoft said in a statement.

Lobe was founded in 2015 by Mike Matas, Adam Menges, and Markus Beissinger. “We plan to continue developing Lobe as a standalone service, supporting open source standards and multiple platforms,” the founders posted on their website.

Here is a blog post talking about the acquisition by Kevin Scott, executive vice president and CTO, Microsoft: https://blogs.microsoft.com/blog/2018/09/13/microsoft-acquires-lobe-to-help-bring-ai-development-capability-to-everyone/

[Image courtesy: Lobe]

Just in

Mizuho, IBM develop AI system for banking error detection

Mizuho and IBM have collaborated to develop a proof of concept (PoC) system that utilizes watsonx, IBM's enterprise generative AI and data platform, to enhance the efficiency and accuracy of Mizuho's event detection operations.

Lumos raises $35M

San Francisco, CA-based access management platform provider Lumos has raised $35 million in Series B financing.

Aerodome raises $21.5M

Aerodome, a Los Angeles, CA-based company specializing in Drone-As-First-Responder (DFR) technology, has secured $21.5 million in a Series A funding round.

Uncle Sam to inject $50M into auto-patcher for hospital IT — The Register

The US government's Advanced Research Projects Agency for Health (ARPA-H) has pledged more than $50 million to fund the development of technology that aims to automate the process of securing hospital IT environments, writes Jessica Lyons in The Register.