Edgybees, a provider of georegistration and augmented reality tools for drone operators, today announced that it raised $9.5 million, bringing its total raised to $15 million. The company says the proceeds will be used to drive product research, expand global adoption, and support an “aggressive” hiring strategy.
The commercial drone market was already accelerating, with reports the industry…
Recogni raises $48.9 million for AI-powered perception chips
February 18, 2021
Recogni, a startup designing an AI-powered vision recognition module for autonomous vehicles, today announced it raised $48.9 million. The company says the funds will help it bring its perception product to market while expanding the size of its engineering and go-to-market…
Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation. The company says the funding will allow it to accelerate product innovation and global…
While appreciation of the potential impact AI can have on business processes has been building for some time, progress has not nearly been as quick as many initial forecasts led many organizations to expect.
Arin Bhowmick, chief design officer for IBM, explained to VentureBeat what needs to be done to achieve the level of AI explainability that will be required to take AI to the next level in the…
AI shapes people’s lives on a daily basis. It sets prices in retail stores and makes recommendations ranging from movies to romantic partners. But it’s an open question whether AI can become a trusted advisor or even a corrupting force, influencing people’s behavior…
Boston, Massachusetts-based AdmitHub, a startup developing a chatbot platform aimed at boosting student enrollment and graduation rates, today revealed it has raised $14 million in a series B round led by Rethink Education. The company, which also announced it will be…
Scaling AI: The 4 challenges you’ll face
February 15, 2021
Organizations of all sizes are embracing AI as a transformative technology to power their digital transformation journeys. Still the challenges around operationalizing AI at scale can still seem insurmountable, with a large number of projects failing.
I’ve worked in big data and AI with several organizations and have seen some clear trends on why AI efforts are floundering after an enthusiastic…
AI progress depends on us using less data, not more
February 14, 2021
In the data science community, we’re witnessing the beginnings of an infodemic — where more data becomes a liability rather than an asset. We’re continuously moving towards ever more data-hungry and more computationally expensive state-of-the-art AI models. And that is…
Thought-detection: AI has infiltrated our last bastion of privacy
February 14, 2021
Our thoughts are private – or at least they were. New breakthroughs in neuroscience and artificial intelligence are changing that assumption, while at the same time inviting new questions around ethics, privacy, and the horizons of brain/computer interaction.
Research…
AI Weekly: Techno-utopianism in the workplace and the threat of excessive automation
February 13, 2021
Every so often, VentureBeat writes a story about something that needs to go away. A few years back, my colleague Blair Hanley Frank argued that AI systems like Einstein, Sensei, and Watson must go because corporations tend to overpromise results for their products and services. I’ve taken runs at charlatan AI and white supremacy.
This week, a series of events at the intersection of the…
