AI & Robotics

These days it’s hard to find a public company that isn’t talking up how artificial intelligence is transforming its business. From the obvious (Tesla using AI to improve auto-pilot performance) to the less obvious (Levis using AI to drive better product decisions), everyone wants in on AI. To get there, however, organizations are going to need to get a lot smarter about data. To even get close…

Physna, a Cincinnati, Ohio-based startup developing an AI-powered 3D modeling platform for industrial engineering, today announced that it raised $20 million. The company says the funds will be used to grow its team and increase development as new customers sign on. It’s often difficult to search using the 3D model of a physical part, such as a CAD model or a 3D scan — especially when the part…

Phocas Software‘s cloud data analytics tools might be best known in Australia, where they’re used by Thermo Fisher Scientific, Fiskars Royal Doulton, and Burson Automotive to streamline employee access to key financial data, but the company is planning to become more aggressive globally in 2021. Today, Phocas announced that it raised $34 million to bolster its AI capabilities and reach new…

Summarizing historical text can help people gather, organize, and share knowledge, but cultural and linguistic changes and the sheer volume of archives can make interpreting historical text challenging even for experts. Researchers at the University of Sheffield, Beihang University, and the Open University in the U.K. recently attempted to tackle this problem using AI and machine learning…