C3 AI Announces Recipients of AI Cybersecurity Grants

Missed a session at the Data Summit? View here on demand.

Thomas Siebel, CEO of C3 AI, today announced the third group of recipients of grants from the Digital Transformation Institute (DTI) to accelerate the development of artificial intelligence (AI) and machine learning (ML) technologies in hopes of addressing emerging threats. to fight.

As an organization, C3 AI provides enterprises with an AI application platform that they can use to create, deploy, and manage AI applications for use cases such as fraud detection, network health, delivery network optimization, energy management, and more.

The scholarship was instituted in March 2020 by C3 AI, Microsoft and some of the world’s leading universities. The aim is to engage the world’s best scientists through grants to encourage them to conduct research and train practitioners in the fields of AI, machine learning, cloud computing, IoT, big data analytics, organizational behavior, public policy and ethics.

With C3 AI contributing $57.25 million to scientists in the first five years of its operations alone, the organization is now pursuing technology research in areas such as AI, machine learning and cloud computing to help enterprises and decision-makers create more optimal solutions. use .

The role of the DTI in the development of AI cybersecurity

The announcement comes as business investment in AI continues to grow, with 56% of organizations reporting AI adoption in 2021 compared to 50% in 2020.

It also coincides with the broader rise in cybercrime and organizations’ struggles to contain advanced modern threats, with 1,862 data breaches that occurred last year, a 68% increase from the previous year.

Currently, the DTI grant plays a role in encouraging top AI and machine learning researchers around the world to come together and collaborate to find new solutions to modern threats.

“The 2022 program has selected proposals that propose the use of AI and machine learning to identify and prevent a wide variety of malicious cybersecurity and infrastructure challenges, including phishing and malware attacks,” Siebel said.

“Each recipient will receive grants to start their projects that use AI and machine learning to improve cybersecurity, strengthen information security and secure critical infrastructure. These are some of the most critical challenges facing business and government worldwide,” he added.

Using AI to Stop Threat Actors

C3 AI is part of the enterprise artificial intelligence market, estimated by researchers at $4.68 billion in 2018 and expected to reach $53.06 billion by 2026 as more organizations invest in machine learning and artificial intelligence to understand how to improve their operations.

One of C3 AI’s main competitors is Palantir, which offers an enterprise solution called Foundry with data and model integration to help deploy AI and ML models. Palantir was valued at $10.5 billion in 2020

Another competitor is DataRobot with an AI cloud platform that can automatically create advanced machine learning models, from visual AI to text AI and location AI, now valued at $6.3 billion after a $300 million investment.

While these competitors have adequate financial resources, Siebel argues that C3 AI’s flexibility and strategic partnerships set it apart from competitors.

“C3 AI provides transformative solutions across industries including defense, manufacturing, energy and financial services. The solutions from the company, a leading provider of enterprise AI software, deliver results in weeks instead of years. C3 AI works with some of the world’s most influential organizations, including Adobe, Google Cloud, Microsoft, Accenture and Shell.”

Universities contributing to the project include University of California Berkeley, University of Illinois at Urbana-Champaign, Carnegie Mellon University, KTH Royal Institute of Technology, Lawrence Berkeley National Laboratory, Massachusetts Institute of Technology, National Center for Supercomputing Applications at University of Illinois at Urbana—Champaign, Princeton University, Stanford University, and University of Chicago.

VentureBeat’s mission is to be a digital city square for tech decision makers to learn about transformative business technology and transactions. Learn more

This post C3 AI Announces Recipients of AI Cybersecurity Grants

was original published at “https://venturebeat.com/2022/03/24/c3-ai-announces-ai-cybersecurity-grant-recipients/”