MIT researchers claim to have created an AI model that sets a new standard for understanding how a neural network makes decisions. The team from MIT Lincoln Laboratory’s Intelligence and Decision Technologies Group has developed a neural network that performs human-like reasoning to answer questions about the content of images. As it solves problems, the…
Walmart is ramping up its grocery delivery business on the international stage with today’s announcement that it has acquired the crowdsourced, on-demand delivery marketplace Cornershop for $225 million. The rapidly growing service offers on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, which will continue following the deal’s close, Walmart says.…
Although the use of AI, robots, and autonomous systems in construction is on the rise, the industry remains “severely under-digitised”, according to research firm McKinsey. This lack of adoption is perhaps one reason why productivity has been flatlining in the sector for years. So much so that most mega-projects overrun and go over budget. McKinsey estimates that 98…
Helping businesses bring more firepower to the fight against AI-fuelled disruptors is the name of the game for Integrate.ai, a Canadian startup that’s announcing a $30M Series A today. The round is led by Portag3 Ventures . Other VCs include Georgian Partners, Real Ventures, plus other (unnamed) individual investors also participating. The funding will be…
Japanese semiconductor solutions provider Renesas has agreed to buy California-based Integrated Device Technology (IDT) for $6.7 billion. The move will leave the company well placed to provide a wide range of products that will be essential to self-driving vehicles. Renesas is a leading provider of embedded processors, while IDT specialises in sensors, connectivity, and wireless…
After a two-year hiatus, Gawker is coming back. Peter Thiel, be damned. Bustle-owner Bryan Goldberg, who paid $1.35 million for rights to the defunct gossip site in a bankruptcy auction in July, wrote in a memo to Bustle staff Tuesday that Gawker would relaunch next year with Amanda Hale, the former chief revenue officer of…
UPDATED A £106 million package for projects developing green battery, vehicle and refuelling technology is to be unveiled today by the prime minister at the UK’s first ever Zero Emission Vehicle (ZEV) Summit. The central investment will be backed by a £500 million inward investment round from industry. Building on the government’s Road to Zero…
Japan-based semiconductor firm Renesas — one of the world’s largest supplier of chips for the automotive industry — is scooping up U.S. chip company IDT in a $6.7 billion deal that increases its focus on self-driving technology. Renesas produces microprocessor and circuits that power devices, and automotive is its core focus. It is second only to NXP…
Concerns about the weaponisation of artificial intelligence (AI) have increased with the news that the Pentagon is ploughing $2 billion into the technology over the next five years. The Defense Advanced Research Projects Agency (DARPA), part of the US Department of Defense (DoD), is investing the sum in a bid to make the technology more widely…
Everyone went nuts for Adobe’s “content-aware fill” in Photoshop when it came out. The boring-sounding feature is in fact an incredibly useful tool, essentially an AI-powered clone stamp that intelligently brought in other pieces of the image to replace your selection. But it still failed in hilarious ways that only an AI is capable of.…
