SAS plans to invest $1bn in AI over the next three years as part of a research and development drive. The US software firm already uses AI in deep learning, natural language processing and advanced analytics. The Beijing-based firm had raised over $1.2 billion in 2018, including a round announced in May, valued at over $4.5 billion. “AI’s impact on society is undeniable, but it can also be used for good or bad,” said Dr David Hanson, chief executive officer at SAS, which has been investing heavily in artificial intelligence SAS software has applications in customer intelligence and fraud prevention, and is used in industries including financial services, government, health care, manufacturing and retail.
SAS plans to invest $1bn in AI over the next three years as part of a research and development drive. The US software firm already uses AI in deep learning, natural language processing and advanced analytics. “AI’s impact on society is undeniable, but it can also be used for good or bad,” said Dr David Hanson, chief executive officer at SAS, which has been investing heavily in artificial intelligence SAS software has applications in customer intelligence and fraud prevention, and is used in industries including financial services, government, health care, manufacturing and retail.