AI & RoboticsNews

Robotics-powered ‘microfulfillment’ startup Fabric raises $200M

October 26, 2021
Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Fabric, a startup developing a “microfulfillment” automation platform for retailers, today announced that it raised $200 million in series C funding led by Temasek with participation from Koch Disruptive Technologies, Union Tech Ventures, Harel Insurance & Finance…
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AI & RoboticsNews

AI-powered spend management platform Yokoy secures $26M

October 26, 2021
Spend management platform Yokoy today announced that it raised $26 million in series A financing from Left Lane, with participation from prominent European investor Balderton Capital. The Zurich, Switzerland-based company says that it’ll use the new funding — which…
AI & RoboticsNews

AI Weekly: The intractable challenge of bias in AI

October 26, 2021
Last week, Twitter shared research showing that the platform’s algorithms amplify tweets from right-of-center politicians and news outlets at the expense of left-leaning sources. Rumman Chowdhury, the head of Twitter’s machine learning, ethics, transparency, and accountability team, said in an interview with Protocol that while some of the behavior could be user-driven, the reason for the bias…
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AI & RoboticsNews

Utilizing AI to improve mass transit

October 26, 2021
Of all the ways AI is expected to improve modern life, perhaps none is more intriguing than its impact on mass transit. The pandemic will not last forever. So, at some point, people around the world will once again need to move from place to place quickly, efficiently, and…
AI & RoboticsNews

4 things VCs get wrong about AI

October 24, 2021
VCs have a detailed playbook for investing in software-as-a-service (SaaS) companies that has served them well in recent years. Successful SaaS businesses provide predictable, recurring revenue that can be grown by acquiring more subscriptions at little additional cost, making them an attractive investment. But the lessons that VCs have learned from their SaaS investments turn out not to be…
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AI & RoboticsNews

Mailchimp employs AI to boost email marketing campaigns

October 22, 2021
Earlier this month, Mailchimp released Content Optimizer, a new product that uses artificial intelligence to help improve the performance of email marketing campaigns. Thanks to its vast trove of data, Mailchimp is in a unique position to discover common patterns of…
AI & RoboticsNews

NATO launches AI strategy and $1B fund as defense race heats up

October 22, 2021
The North Atlantic Treaty Organization (NATO), the military alliance of 30 countries that border the North Atlantic Ocean, this week announced that it would adopt its first AI strategy and launch a “future-proofing” fund with the goal of investing around $1 billion. Military.com reports that U.S. Defense Secretary Lloyd Austin will join other NATO members in Brussels, Belgium, the alliance’s…
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