Software company Kainos, based in Belfast, has announced plans to invest £10 million in artificial intelligence (AI). The company, which is publicly listed on the London Stock Exchange and generated £375 million in revenue for the year ending March 2023, is known for creating software products for prominent organizations such as the United Nations, the UK’s Ministry of Defence, and HelloFresh.
Kainos intends to train over 1,000 employees on how to incorporate AI tools into their work and will also be appointing a generative AI lead. This move is seen as the next step in the company’s development of its AI capabilities.
One of the notable applications of generative AI technology by Kainos is the creation of Desdemona, a humanoid robot that sings in the Band Jam Galaxy.
This significant investment in AI showcases Kainos’s commitment to exploring and utilizing cutting-edge technology in their products and services. It also highlights the growing importance of AI in various industries, including software development.
As an established software company, Kainos recognizes the transformative potential of AI and the value it can bring to businesses and organizations. By equipping its staff with skills in AI and leveraging generative AI technology, Kainos aims to remain at the forefront of innovation in the industry.
Sources:
– [Source 1]
– [Source 2]
Definitions:
– Artificial Intelligence (AI): The simulation of human intelligence in machines that can perform tasks requiring human-like intelligence, such as speech recognition, decision-making, and problem-solving.
– Generative AI: An aspect of AI that involves machines creating new content or generating new data based on patterns and examples given to it. In the case of Kainos, generative AI is used to create Desdemona, the humanoid robot in the band Jam Galaxy.
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