AI every week: Startups that use AI are becoming favorites among investors
AI is gaining a lot of muscle in LatAm. an Argentine startup creates an alliance with Microsoft and Mexico offers scholarships with Huawei to educate women and young people in AI.
Welcome to our weekly newsletter covering the latest news and trends in the Latin American Artificial Intelligence startups scene.
ALLVP reports that 93% of corporate companies in Latin America have plans to implement AI in the future
The venture capital fund ALLVP revealed in a report that 46% of corporate companies in Latin America are already using artificial intelligence (AI) in their daily operations. Furthermore, an impressive 93% of these corporations have plans to implement it in the future, indicating the growing importance of this technology in the region.
The study examined the impact of the AI technological revolution on startups, corporate companies, and venture capital funds in Latin America. Among the most prominent use cases of AI for corporate companies are user interaction (74%) and sales and marketing optimization (47%).
In terms of the most adopted AI technologies, machine learning leads with a utilization rate of 68%. Regarding risks, 55% of the respondents mentioned data privacy concerns, while 53% highlighted cybersecurity and regulatory compliance.
Vía Contxto
Quick News
Bdeo secures over $8.1 million for its expansion in Latin America. he Spanish insurtech company Bdeo has raised €7.5 million (over $8.1 million) for its international expansion in Europe and Latin America. The funding round saw the participation of Íope Ventures, the investment vehicle created by Wayra and Telefónica Seguros in September 2022, according to a statement. (Contxto)
The Data Collection and Labelling Market to Reach $9.670M by 2032. With a growing inclination towards AI-based and cloud-based services, the United States is expected to emerge as the most dominant market during the forecast period. (Contxto).
Mexico and Huawei will train 1,000 talents from Latin America in AI, cloud, and big data. The Mexican government, together with the Chinese technology giant Huawei, announced the training of 1,000 professionals from Latin America and the Caribbean in technologies such as Artificial Intelligence (AI), Data Communication, Internet of Things, Cloud, and Big Data. The Spark initiative was created between Mexico and the company. (Amexcid)
Chileans create the first seal that certifies online shopping comments in Latin America using AI. Chilean engineers Mario Suazo and Gonzalo Jara, creators of Verificado.ai, have designed an innovative system that verifies the authenticity of online store comments using Artificial Intelligence. (G5 noticias).
Nubrial, an Argentine startup, joins forces with Microsoft to enhance artificial intelligence. Through Bruna, its platform specializing in advanced technological services to solve common industrial problems, the company will create a prediction that assesses the probability of seed germination while harnessing the power of artificial intelligence to drive sustainable agriculture and strengthen food security. (iPro Up)
AI Education
HUAWEI-SRE 1,000 Talents for Digital Development in Latin America and the Caribbean. The Government of Mexico in conjunction with HUAWEI, invite female and male students, professionals, and academics interested in Information and Communication Technologies to apply for the "HUAWEI-SRE 1,000 Talents for Digital Development in Latin America and the Caribbean" scholarship, aimed at closing the gender digital gap.
Elements of AI. The Elements of AI is a series of free online courses created by MinnaLearn and the University of Helsinki. We want to encourage as broad a group of people as possible to learn what AI is, what can (and can’t) be done with AI, and how to start creating AI methods. The courses combine theory with practical exercises and can be completed at your own pace.
Fundamentals of Deep Learning for Computer Vision (NVIDIA). In this course, you’ll learn how deep learning works through hands-on exercises in computer vision and natural language processing. You’ll train deep learning models from scratch, learning tools and tricks to achieve highly accurate results. You’ll also learn to leverage freely available, state-of-the-art pre-trained models to save time and get your deep learning application up and running quickly.
Food for Thought
The Future of Digital Innovation in Latin America by Felipe Matos, VP at ABStartups.
Felipe Matos is a reference in tech startups and entrepreneurship in Latin America. He has supported more than 10 thousand startups and attracted over U$ 400 million in VC investments in the region.(LatAm Startups)
Jobs
Data Scientists IRC188024 @GlobalLogic (expected to work on a face-to-face)
Product Owner (AI Data & Localization) @ef2.inc (expected to work remotely)
Data Science Director @TotalPlay (expected to work on a face-to-face)