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Breaking the rules
For lawyers, time has always been money, which has made the billable hour standard practice for the profession since the 1960s. But with the rise of artificial intelligence, which already can cut the time required to complete rote tasks from days or hours down to seconds, a once-inconceivable event just might come to pass — […]
Google investing $1B in Va. data center campuses
Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google’s top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We’ve got a $1 billion investment in the commonwealth that we’re […]
McLean AI health care startup raises $111M in Series A funding
McLean-based Zephyr AI has raised $111 million in a Series A funding round, the health care technology startup announced March 13. The round included participation from about 30 investors, including Revolution Growth, Eli Lilly & Co., Jeff Skoll, and Epiq Capital Group, according to a news release and a Securities and Exchange Commission filing from […]
Charlottesville’s Astraea acquired by Fla. satellite company
Astraea, a Charlottesville-based geospatial analytics firm, has been acquired by Nuview, a Florida-based company developing a satellite imaging constellation, the companies announced Tuesday. Financial terms of the deal were not available. Founded as a for-profit benefit corporation in 2016, Astraea applies data science and artificial intelligence to analyze imaging and sensor data gathered from E[...]
Slowly bot surely
From health care to real estate and law, artificial intelligence is becoming an increasingly bigger part of many industries, with executives rolling out new tools and updating policies. Like other businesses, banks and credit unions too have been exploring this electronic frontier, although they’re pairing technological progress with caution. Even if you’re new to the […]
Business smarts
In Assistant Professor Michael Albert’s MBA data science class at the University of Virginia’s Darden School of Business, students analyze historical usage data for a bike-sharing service to determine a bicycle maintenance schedule. In the past, they would tackle this simulation by writing code in the Python computer programming language — a pain point for […]
McLean tech firm Pangiam to sell to BigBear.ai for $70M
Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.[...]
Fairfax AI firm acquired by Texas-based tech company
Fairfax-based ARInspect, a firm specializing in artificial intelligence products for public sector field operations, has been acquired by Texas software company Tyler Technologies, the companies announced Tuesday. Tyler declined to disclose the price and terms of the deal. Tyler will add ARInspect’s AI-powered platform to its portfolio and use the Fairfax company’s technology across it[...]
It’s alive — with possibilities
Just a word of friendly warning: Our November cover story is one of the strangest tales ever told. I think it will thrill you. It may shock you. It might even horrify you. So, if any of you feel you do not wish to subject your nerves to such a strain, now’s your chance to […]
The next frontier
You come down with coldlike symptoms. Flu season is here, and a new COVID subvariant is circulating. As the illness lingers, you question whether you should see a doctor. Imagine putting your symptoms into a chatbot connected to your doctor’s office or health system that can retrieve your medical records, evaluate your information and recommend […]
U.Va. biz school receives $50M donation from alum
A University of Virginia Darden School of Business alumnus and his wife, also a U.Va. graduate, have added $50 million to an earlier gift of $44 million for the business school, which adds up to the largest donation in Darden’s 68-year history. Philanthropists David and Kathleen LaCross made a $44 million donation in October 2022, […]
MindPetal to acquire VerticalApps
Vienna-based government contractor MindPetal has entered into an agreement to purchase Arlington County-based IT firm VerticalApps, the companies announced Tuesday. Financial details of the transaction were not disclosed. MindPetal and VerticalApps hope to become “a premier [artificial intelligence/machine learning] firm by accelerating intelligent automation and modernization programs with [...]
