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.
Major highlight this week was Blackberry’s acquisition of cybersecurity AI startup Cylance for $1.4bn. Stuart McCulre, CEO of Cylance, has struck gold again having previously sold a cybersecurity startup to McAfee for $86mm. This is another example of how important major tech companies value cybersecurity. In addition, this also demonstrates that applying AI to the field adds tremendous value when done properly.
The creep factor from China was pretty high this week. To start, ~30 of the brightest young minds in China have been recruited to develop AI weapons for the government. These kids aren’t even in college yet, and are already doing this kind of work. Meanwhile surveillance in the country has reached a new level as the government is now able to identify people based on the way they walk. Looks like hiding your face won’t work anymore. Finally, China revealed an AI news anchor for its state run media. It’s pretty weird and I don’t really know how to interpret this. Other than the awkward lip movements the AI is pretty solid. I see potential for this to become a common fixture for pushing propaganda 24/7 (since AI doesn’t need a break like us obviously), but hopefully I’m proven wrong.
Highlights from the AI world this week include the UAE’s $20bn AI partnership with India. It’s interesting to see how far the UAE is pushing their AI agenda. Just last week the UAE hosted a joint economic forum with China as part of Xi Jingping’s visit to the country. One of the main focal points… Read More »
This past week has been quite a busy one. Highlights include Apple’s increased investment in its autonomous vehicle program, Softbank’s push to invest in Sensetime, Microsoft’s AI/cloud partnership with Walmart, Zoox’s $630mm potential investment round, and much more. Company developments: Get down with Google’s new pose-matching machine learning experiment – July 20, 2018 (Android Authority)… Read More »