SAP: One third of business leaders to invest over $500,000 in AI in 12 months
European multinational Software company SAP has conducted a new survey revealing that business leaders are looking to get increasingly serious about artificial intelligence.
According to the report, the results of which came from a survey of 2,500 C-level executives, approximately a third of business leaders are planning to invest between $500,000 and $5mn in AI over the course of the next 12 months.
“To be successful, organisations need to have a culture fitting of automation in the same way they need a culture to fit a diverse workforce,” said Alex Guillen, Market Manager, Insight UK.
“What organisations need to realise is that technology has and is continuing to transform the way we work. The future will move fast, and this will put a premium on people and organisations who can adapt quickly.”
The research found that more than nine out of 10 business leaders are thinking this way, holding the belief that AI is critical for the survival of their organisations over the course of the next five years.
Further, 88% of those surveyed feel that they could use AI to make predictive judgements on critical business decisions in the future.
The research reveals the growing pressures across all industries to invest in new technology in order to remain competitive and stay one step ahead.
Discord buys Sentropy to fight against hate and abuse online
Discord, a popular chat app, has acquired the software company Sentropy to bolster its efforts to combat online abuse and harassment. Sentropy, monitors online networks for abuse and harassment, then offers users a way to block problematic people and filter out messages they don’t want to see.
First launched in 2015 and currently boasting 150 million monthly active users, Discord plans to integrate Sentropy’s own products into its existing toolkit and the company will also bring the smaller company’s leadership group aboard. Discord currently uses a “multilevel” approach to moderation, and a Trust and Safety (T&S) team dedicated to protecting users and shaping content moderation policies comprised 15% of Discord’s workforce as of May 2020.
“T&S tech and processes should not be used as a competitive advantage,” Sentropy CEO John Redgrave said in a blog post on the announcement. “We all deserve digital and physical safety, and moderators deserve better tooling to help them do one of the hardest jobs online more effectively and with fewer harmful impacts.”
Cleanse platforms of online harassment and abuse
Redgrave elaborated on the company’s natural connection with Discord: “Discord represents the next generation of social companies — a generation where users are not the product to be sold, but the engine of connectivity, creativity, and growth. In this model, user privacy and user safety are essential product features, not an afterthought. The success of this model depends upon building next-generation Trust and Safety into every product. We don’t take this responsibility lightly and are humbled to work at the scale of Discord and with Discord’s resources to increase the depth of our impact.”
Sentropy launched out of stealth last summer with an AI system designed to detect, track and cleanse platforms of online harassment and abuse. The company emerged then with $13 million in funding from notable backers including Reddit co-founder Alexis Ohanian and his VC firm Initialized Capital, King River Capital, Horizons Ventures and Playground Global.
“We are excited to help Discord decide how we can most effectively share with the rest of the Internet the best practices, technology, and tools that we’ve developed to protect our own communities,” Redgrave said.