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Arthur AI, an artificial intelligence company in New York, received a message in April last year from a start-up called OneOneThree. Yan Fung, OneOneThree’s head of technology, said he was interested in buying Arthur AI’s technology and wanted a demonstration. An Arthur AI employee recognized the name as belonging to a founder of Arize AI, a rival start-up. “That’s so strange — I don’t know how they could have possibly gotten the link,” the Arthur AI employee said. The new attendee quickly logged off, and Mr. Fung said he did not know Ms. Dhinakaran.
Persons: Arthur AI, Yan Fung, Arthur AI’s, Fung, Fung’s, Arthur, Karina Patel, Aparna Dhinakaran, , Dhinakaran, ArizeAI, Dat Ngo, OneOneThree Organizations: The New York Times, Arthur AI Locations: New York
The AI software told banks to deny millions of legitimate purchases, at a time when consumers had been scrambling for toilet paper and other essentials. Seasonal variations, data-quality changes or momentous events - such as the pandemic - all can lead to a string of bad AI predictions. Also to blame was its AI system learning from corrupted data, the company said. Arize AI, which raised $38 million from investors last month, enables monitoring for customers including Uber, Chick-fil-A and Procter & Gamble. Zoldi said consumer habits were changing too fast to rewrite the AI system.
Machine-learning observability startup Arize AI recently raised $38 million in a Series B round. Insider got an exclusive look at the pitch deck Arize used to secure its latest funding round. The company has raised $61 million to date, including $38 million in a recent series B round led by TCV. Its competitors include companies like Arthur, which announced a $42 million Series B round of funding in September, and Fiddler, which raised a $32 million Series B round in 2021. Insider got an exclusive look at the pitch deck Arize used to secure its Series B round of funding.
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