Tag Archives: MIT

What’s happened in AI: June 3rd-9th

By | June 10, 2019

What do you do when you have a talented team but no chance to compete against better scaled competitors? You sell and move on. Looks like this is the situation Drive.ai finds itself in as it’s rumored to be in talks with Apple to be acquired.

I’m personally a huge fan of Drive.ai. They were one of two startups I pitched in my AI VC thesis a few years ago (the other one being Netra). My thesis on them held true, as I said they were a strong candidate to be acquired by a self-driving player who felt “behind the game”, which Apple very much is. With that being said the return early stage investors are getting likely isn’t great as this will be an acqui-hire and Drive.ai was looking for a buyer for 6 months (not the best sign). Regardless, I wish the team the best of luck in their next adventure. More weekly news below.

What’s happened in AI: May 20th-26th

By | May 27, 2019

Company developments: Siemens Unveils Simulation Tool for Testing of Autonomous Vehicles – May. 24th, 2019 (Design News) Known as PAVE360, the new tool allows developers to design and test an autonomous vehicle system-on-chip (SoC) and its surrounding electronic components in a completely virtual environment. “We don’t just model the analog or electromechanical systems,” noted David… Read More »

What’s happened in AI: May 6th-12th

By | May 14, 2019

Two big M&A announcements this week in the AI space. The first one is Salesforce, who acquired Bonobo AI out of Israel for an undisclosed price. Bonobo AI specializes in analyzing customer interactions for sales teams. Acquisition clearly makes sense for Salesforce.

The other big acquisition this week is Square acquiring Eloquent Labs, who provides a conversational AI assistant named “Ellie”. This acquisition should help bolster Square’s NLP capabilities. Other weekly news can be found below. 

What’s happened in AI: January 21st-27th

By | January 28, 2019

Lots of M&A this week in the AI world with Termset (NLP), Textkernel (recruiting), and Crunchbot (chatbots) all being acquired. Many enterprises are finding out that sometimes it’s easier to acquire AI talent than develop it in-house, especially if it’s outside of a particular domain of expertise for the acquirer.

Other news this week includes a few developments in the autonomous vehicle world. Waymo is set to test driverless cars out in Michigan, while Apple cut 200 jobs in its autonomous vehicle division (Project Titan). Not sure what’s going on with Apple, but it’s definitely not the best sign as competitors ramp up research, investment, and personnel additions.

What’s happened in AI: October 22nd-28th

By | October 31, 2018

Big week highlight this week is Baidu’s development of simultaneous language translation through one of their AI programs. It’s considered a major step forward in the natural language processing realm.

Elsewhere on the M&A side Lyft made an acquisition of Blue Vision to further enhance their autonomous vehicle program.

What’s happened in AI: October 15th-21st

By | October 22, 2018

Big week for Samsung as they announced an acquisition of Spanish AI company Zhilabs to bolster their 5G capabilities, and separately opened an AI research center in Montreal (their 4th AI center in North America).

Meanwhile on the partnership front, Baidu became the 1st major Chinese tech company to join the American-led Partnership for AI (PAI). Current members include Google, Amazon, Facebook, and Microsoft, who also collaborate with government entities like the UN and Human Rights Watch.

What’s happened in AI: October 1st-7th

By | October 8, 2018

Highlights this week include two big autonomous vehicle partnerships and some heavy fundraising rounds. Honda and GM, in addition to Toyota and Softbank, launched autonomous vehicle partnerships with major commitments. The space continues to build and scale based on who partners with who. On the fundraising side, ZipRecruiter and Hopper both had over $100mm fundraising… Read More »

What’s happened in AI: September 24th-30th

By | October 1, 2018

Big week across the board in the AI world. To start, there were a few developments related to social good including Microsoft’s $40mm fund dedicated to developers focused on solving humanitarian problems and Google using its AI to predict floods in India. We definitely to see more of this. For the major company developments, look no further than DeepMind partnering with Unity to develop simulated AI training environments and Ford potentially eyeing an IPO for its self-driving car unit.