Lily AI Raises $25 Million Series B for Image-Based Product Classification

Lily AI, which generates product classifications directly from images, has just raised a $25 million Series B.  Lily AI says it measures over 15,000 attributes rather than placing products within standard taxonomies.  Automated classification removes a major obstacle to on-site search, product discovery, recommendations, and demand forecasting.

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Tech Buyers Look for Industry Experience and Post-Sales Support: Epicor Survey

August 25, 2022

Unless you happen to sell point of sales systems, this Epicor survey of POS buyers may not seem relevant. But the results are probably similar for other tech products.  Key findings: 73% of buyers consider replacing a system within three years of buying it; 93% prefer a system tailored to their industry; 92% want sales teams that understand their industry; sellers don’t provide enough support during deployment; and data migration is the biggest deployment challenge.

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Meta Releases Lying, Offensive AI and Pretends to Be Surprised

November 23, 2022

Like trouble, bad behavior by Meta shows up whether you look for it or not.  The latest is an open-source language model that was supposed to provide reliable search results because it was trained on academic papers.  Alas, it was quickly withdrawn after reviewers found that it returned results that were grammatical and plausible but also incorrect, not to mention filled with “antisemitism, homophobia, and misogyny.”  How can this be a surprise?

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