Element AI raises $151M on a $600-700M valuation to help companies build and run AI solutions

Element AI raises $151M on a $600-700M valuation to help companies build and run AI solutions

While tech giants like Google and Amazon build and invest in a multitude of artificial intelligence applications to grow their businesses, a startup has raised a big round of funding to help those that are not technology businesses by nature also jump into the AI fray. Element AI, the very Read more…

Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong

Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong

Megvii Technology, the Beijing-based artificial intelligence startup known in particular for its facial recognition brand Face++, has filed for a public listing on the Hong Kong stock exchange. Its prospectus did not disclose share pricing or when the IPO will take place, but Reuters reports that the company plans to Read more…

YC’s Earth AI closes funding for its platform to make mining less wasteful

YC’s Earth AI closes funding for its platform to make mining less wasteful

Discovering and drilling for the important minerals used for industry and the technology sector remains incredibly important as existing mines are becoming depleted. If the mining industry can’t become more efficient at finding these important deposits, then more unnecessary, harmful drilling and exploration takes place. Applying AI to this problem Read more…

Google discloses its acquisition of mobile learning app Socratic as it relaunches on iOS

Google publicly disclosed its acquisition of homework helper app Socratic in an announcement this week, detailing the added support for the company’s A.I. technology and its relaunch on iOS. The acquisition apparently flew under the radar — Google says it bought the app last year. According to one founder’s LinkedIn Read more…

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MIT researchers are working on AI-based knitting design software that will let anyone, even novices, make their own clothes

The growing popularity of 3D printing machines and companies like Thingiverse and Shapeways have given previously unimaginable powers to makers, enabling them to create everything from cosplay accessories to replacement parts. But even though 3D printing has created a new world of customized objects, most of us are still buying Read more…

VMware acquires ML acceleration startup Bitfusion

VMware acquires ML acceleration startup Bitfusion

VMware today announced that it has acquired Bitfusion, a former participant in our Startup Battlefield competition. Bitfusion was one of the earliest companies to help businesses accelerate their complex computing workloads on GPUs, FPGAs and ASICs. In its earliest iteration, over four years ago, the company’s focus was less on Read more…

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Google Announces Beta Version of Deep Learning Containers For ML Applications

Artificial Intelligence and Machine Learning are some of the futuristic technologies every tech enthusiast is dreaming about. Tech giants like Google and Microsoft are leaving no stone unturned in providing the required resources required to get started with these technologies. A few days ago, Google announced the availability of the Read more…