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25.02.26 - 18:15
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Profitmind Raises $9 Million Series A Led by Accenture Ventures to Scale an AI Platform for Retail Decision-Making (Business Wire)
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Backed by new and returning investors, including Chairman Andrew Ng's AI Fund, Magarac Venture Partners and Lightscape Partners, the company pioneered agentic AI for pricing, inventory and assortment decisionsPITTSBURGH--(BUSINESS WIRE)--Profitmind, an agentic AI decision intelligence platform built for retail teams, today announced a $9 million Series A financing led by Accenture Ventures. New investor Thorndale Farm, Inc. participated in the round, alongside reinvestment from existing backers Magarac Venture Partners; AI Fund, led by Profitmind Chairman Andrew Ng; and Lightscape Partners. Several individual investors also participated, including board member Mario Ciampi, former President of Disney Store and former COO of The Children's Place.
The funding will be used to scale the platform to more retailers globally, expand product capabilities and grow the team to support those efforts.
Profitmind also recently partnered with Microsoft to bring the platform to Microsoft Marketplace and Azure, expandi...
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25.02.26 - 18:12
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Treasury calls in Blair thinktank to advise on using AI across public services (The Guardian)
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Tech equity campaigners compare move to 'inviting in foxes to consult on the future of the henhouse'Ministers have called in Tony Blair's thinktank and private tech companies to guide them on deploying AI across the UK government in a move campaigners compared to “inviting in foxes to consult on the future of the henhouse”.James Murray, chief secretary to the Treasury, chaired a meeting on Wednesday with the director of AI at the Tony Blair Institute for Global Change (TBI), the chair of IBM and senior executives at AI companies including Faculty AI, now part of Accenture, and Dex Hunter-Torricke, a former communications adviser at Google, Facebook and Elon Musk's Space X. Continue reading......
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25.02.26 - 15:00
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AI’s Future, What To Do When You Get Fired? (24/7 Wall St.)
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There are several grim assessments about how many jobs AI will eliminate in America. Large consulting firms say they will not hire people without AI experience. Accenture and KPMG say promotions will be based on whether people can use their AI tools. At a law firm, entry-level associates will find few jobs. Microsoft (NASDAQ: MSFT) ... AI's Future, What To Do When You Get Fired?
The post AI's Future, What To Do When You Get Fired? appeared first on 24/7 Wall St.....
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