AI & RoboticsNews

Snapdocs raises $25 million to streamline mortgages with AI

Real estate tech company Snapdocs today revealed that it has raised $25 million in series B funding to further develop its products and platform. Coinciding with the news, the San Francisco-based company announced the opening of a new office in Denver, Colorado. Snapdocs said the new office would serve as a center for a “wide variety” of roles, with an emphasis on engineering and…
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AI & RoboticsNews

Nvidia unveils Jetson Xavier NX for edge AI

Nvidia today unveiled the Jetson Xavier NX, a module for training and deploying AI systems on edge devices like drones, cars, and robots. The Xavier NX is about the size of a credit card that can achieve 21 TOPS for AI workloads, while consuming as little as 10 watts of power. The Xavier NX will retail for $399 and be available in March. “So we’ve taken Xavier and tuned it for extremely high…
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AI & RoboticsNews

Neural Magic raises $15 million to boost AI training speed on off-the-shelf processors

Despite the proliferation of accelerator chips like Google’s tensor processing unit (TPU) and Intel’s forthcoming Nervana NNP-T, most machine learning practitioners are limited by budget or design to commodity processors. Unfortunately, these processors tend to train sophisticated AI models rather slowly, exacerbating one of the many challenges involved in AI R&D. Hence, Neural Magic. MIT…
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AI & RoboticsNews

NVIDIA's AI will help USPS handle packages 10 times faster

The US Postal Service (USPS) delivers an estimated 146 billion pieces of mail annually, including 6 billion packages. In an attempt to process package data more efficiently, USPS is experimenting with AI. Today, NVIDIA announced that it will provide USPS with its AI tech. NVIDIA claims its system will process package data 10-times faster and with higher accuracy. For months, engineering teams…
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