ACME Capital, an early-stage venture firm that’s run by industry insiders Scott Stanford and Hany Nada, has just closed two funds totalling $300 million in capital commitments, including a $240 million early-stage fund and a $60 million vehicle for later-stage bets. The money is significant given that the outfit’s last fund closed with $181 million…
Three-quarters of executives are expecting their sector to be disrupted by automation within 12 months. The findings come from research firm GlobalData which calls automation “no longer a distant dream”. Undoubtedly, the pandemic has sped up the adoption of automation as leaders seek to shelter their businesses in uncertain times and adapt to lasting societal…
February 3, 2022 Source: AI Trends Staff | AI Trends The auto industry is transforming into a value network, driven by the technological development of electric-connected autonomous and shared (ECAS) vehicles architectures, systems intelligence, new computing paradigms at the edge and swarm capabilities into vehicle domains. That is from a report from the journal Frontiers in…
BharatPe co-founder and managing director Ashneer Grover has asked the board for the removal of chief executive Suhail Sameer from the board in the latest of a series of remarkable turn of events at the Tiger Global-backed Indian fintech startup. Grover, who is subject to an ongoing investigation whose preliminary finding has suggested fraud, wrote…
Global IoT connectivity services provider Eseye has partnered with device security platform Armis to launch a solution for securing devices on cellular networks. The partners first announced their Connectivity Management Platform in April 2021—boasting the ability for organisations to deploy connected devices anywhere in the world with enterprise-class security and consistent, reliable cellular (4G/LTE/5G) connectivity.…
February 3, 2022 Source: AI Trends Staff | AI Trends The auto industry is transforming into a value network, driven by the technological development of electric-connected autonomous and shared (ECAS) vehicles architectures, systems intelligence, new computing paradigms at the edge and swarm capabilities into vehicle domains. That is from a report from the journal Frontiers in…
Zero Grocery is on a mission to deliver your groceries in two hours and in a way that doesn’t hurt the planet. The plastic-free grocery, home and personal care delivery startup is one of the companies we featured two years ago when discussing venture capital interest in businesses focused on reducing waste. At the time,…
Self-driving vehicle service Cruise is offering free public robotaxi trips in San Francisco without backup drivers. The free trips will use Cruise’s fleet of retrofitted Chevrolet Bolt vehicles that includes Poppy and Tostada. These vehicles are ‘Level 4’ meaning they’re fully driverless and don’t require a backup driver but still feature a steering wheel, pedals,…
February 1, 2022 Source: Claudia Jarret, US country manager | EU Automation | Manufacturing Tomorrow The digital universe is doubling in size every two years, growing from 4.4 trillion gigabytes in 2013 to 44 trillion in 2020. Enterprises have responsibility for around 85 per cent of the data held in this digital universe, according to the…
The United States Department of Homeland Security this week detailed ongoing work with its Science and Technology Directorate exploring the use of quadruped dog robots on the nation’s southern border. Specifically, the department is deploying these Spot-like robots to patrol stretches that might otherwise be inhospitable to human agents. “The southern border can be an…
