Big highlight this week is China Growth Capital’s Wayne Shiong predicting that Chinese AI companies could see their valuations decrease by 30-50%, reflecting signs of a liquidity crunch. My take is it’s too early to tell if the valuation hits will actually happen. You have to look at it on a macro / political perspective… Read More »
Quite a few interesting trends this week in AI. On the fundraising side, we saw three different AI startups focused on infrastructure raise capital. I can see this trend continuing as there is no shortage of energy, transportation, and other infrastructure-related assets that could benefit from improvements in maintenance efficiencies through the use of AI.… Read More »
Heavy week on the fundraising side. In particular, lots of Chinese AI startups raised money this week including Moviebook, Suiyuan, and Tianrang. In addition to startup fundraising, nonprofits were big winners this week as well. AI4All, a nonprofit working to increase diversity and inclusion in artificial intelligence, received a $1mm grant from Google. It’s great to… Read More »
This week was relatively light compared to others, but nonetheless, there were some important developments. In particular, Microsoft revealed another failed chatbot. This time it’s so politically correct that it’s cringeworthy. Speaking of failed AI technology, Rep. Jerrold Nadler and Sens. Ron Wyden, Chris Coons, Ed Markey and Cory Booker are pushing for an investigation… Read More »