Big news this week is centered around the AI chip industry. Out in China, Horizon Robotics has raised a massive $600mm series B led by SK China. They’re already backed by Intel and will use the proceeds to continue expanding their capabilities in what’s known to be a very competitive space.
Meanwhile in the U.S., Google Ventures has invested in Lightmatter, an AI chip startup out of Boston. More weekly news can be found below.
This week we saw some interesting M&A activity. Microsoft made yet another acquisition in the field of AI. This time they acquired Lobe, who’s developed an AI drag and drop tool. In addition we saw U.K. based Medopad acquire Sherbit to continue to enhance their AI driven disease detection solutions. KPMG has previously said Medopad… Read More »
This week featured many positive news stories. Most notable was the use of new facial recognition software by police in India to find thousands of missing children. Always great to see the use of AI to help make the world a safer and better place. Company developments: IAI developing autonomous vehicles – Apr. 29, 2018… Read More »