Most of us could infer that large scale autonomous vehicle programs were capital intensive. With that being said, the recent news of Uber’s $20 million a month burn rate for its autonomous vehicle program must have caught a lot of us by surprise. With that amount of money they might as well pursue 1 or 2 acquisitions to help accelerate progress. Other weekly news can be found below.
There’s something about the week after Labor day. It seems like every industry starts firing on all cylinders with deals, meetings, and new developments. The AI industry is no different as we saw a plethora of fascinating developments. Highlights include Renesas’ $6.7bn purchase of IDT to expand further into autonomous vehicles, the Pentagon’s $2bn investment… Read More »
Big week for fundraising and autonomous vehicle related partnerships. Highlights include Kroger’s partnership with Nuro for driverless grocery deliveries, Ford’s partnership with Baidu, Nvidia/Bosch/Volkswagen partnership, and Audi’s partnership with Cognata. It’s becoming obvious that these partnerships are vital to stay competitive in the space. Meanwhile, both Microsoft and IBM have made progress with eliminating bias… Read More »
Recapping the week of May 21st-27th. This week’s post to follow soon. Big highlights from last week include Sensetime’s partnership to invest in AI startups in Hong Kong, Microsoft developing a tool to “detect biased algorithms” and congress diving into recent use cases of facial recognition. Company developments: Mobvoi Releases 4 New AI-Powered Wearable &… Read More »