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Updated: Facebook confirms it is to buy Allen & Overy Fuse startup Bloomsbury AI | Legal IT Insider
Facebook is buying Bloomsbury AI – one of the early stage companies currently resident in Allen & Overy’s incubator Fuse – according to a report from TechCrunch that has subsequently been confirmed by Facebook to Legal IT Insider.

Bloomsbury AI uses natural language processing to create virtual assistants that can be taught to read, reason and communicate (AI that Bloomsbury calls ‘Cape’), which Facebook is reportedly going to use as a part of its arsenal to tackle the growing problem of fake news. Cape allows developers to add question & answer functionality to websites and other documents.

Facebook’s press team contacted Legal IT Insider on 3 July to say: “The team behind Bloomsbury AI has agreed to join Facebook in London” and directed us to the following statement on Facebook Academics:
firms  innovation  startups  it 
2 days ago by JordanFurlong
Clifford Chance Looks to Break Out to Break Through With 2 New 'Innovation Units' | The American Lawyer
Clifford Chance’s recent launch of two new “innovation units,” Clifford Chance Applied Solutions and Clifford Chance Create, is an attempt for the firm to eke out the necessary space for experimentation. The Create unit will be charged with helping the firm flesh out its technology ecosystem and partner network, while Applied Solutions is dedicated to helping build and scale out technology systems for clients.

Visser explained that the firm decided to move forward in creating these innovation units after deploying a MiFID II compliance tool co-constructed with Neota Logic, where it saw the potential to scale and monetize the venture.

“We see a fantastic opportunity to monetize experience in tech solutions. We have to make sure we’re acting on those lessons learned,” Visser said of the experience.

To do that, the firm opted to create these two divisions, each headed by Visser, to operate slightly outside of the firm’s traditional leadership structure.

“If you really want to do this successfully, you need to have in your ecosystem people who are really focused on customer satisfaction and product development, all the skills that you would typically expect in a software-based or subscription-based environment, but which are not necessarily present in our normal law firm ecosystem. It’s really a different mindset and a different way of working,” Visser explained.
firms  innovation  startups  it 
2 days ago by JordanFurlong
You're Doing It Wrong: 5 Tips For Perfect Smartphone Photos, Every Time
As part of my job reviewing tech gadgets, I get my hands on some of the best cameras available on the market. I also get plenty of queries about the best camera to get for a variety of needs, preferences and purposes. And it would surprise you – most times, the most practical (and indeed,...

The post You’re Doing It Wrong: 5 Tips For Perfect Smartphone Photos, Every Time appeared first on .
You’re  Doing  It  Wrong:  5  Tips  For  Perfect  Smartphone  Photos  Every  Time 
5 days ago by vrzone
4 Reasons to Outsource Your Business Firewall Management
Outsourcing your firewall management keeps your network secure!
Business  IT  Firewall  Network  Protection 
6 days ago by Adventure_Web
How to squander an enterprise media relations day
"Once or twice a year, enterprise media are gather at your user event, eager to write about truly inspiring stories and unexpected news. What could go wrong? A lot, actually. Here's 13 ways to botch it up, presented as satire with snark on the house."
collaboration  sharing  and  digital  productivity  content  marketing  social  the  new  professional  it  as  a  service 
10 days ago by jonerp

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