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 well-funded, well-connected Canadian startup that […]

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 raise between $500 million and […]

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 would seem like a no-brainer […]

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 AI and machine learning and […]

Facebook releases a trio of maps to aid with fighting disease outbreaks

Facebook this morning announced a new initiative focused on using its data and technologies to help nonprofit organizations and universities working in public health better map the spread of infectious diseases around the world. Specifically, the company is introducing three new maps: population density maps with demographic estimates, movement maps and network coverage maps. These, […]

Facebook updates PyTorch with a focus on production use

During last year’s F8 developer conference, Facebook announced the 1.0 launch of PyTorch, the company’s open-source deep learning platform. At this year’s F8, the company launched version 1.1. The small increase in version numbers belies the importance of this release, which focuses on making the tool more appropriate for production usage, including improvements to how […]

Facebook open-sources Ax and BoTorch to simplify AI model optimization

At its F8 developer conference, Facebook today launched Ax and BoTorch, two new open-source AI tools. BoTorch, which, as the name implies, is based on PyTorch, is a library for Bayesian optimization. That’s a pretty specialized tool. Ax, on the other hand, is the more interesting launch, as it’s a general-purpose platform for managing, deploying […]

Audioburst raises $10M to build AI-powered infotainment systems for cars, ad solutions

Audioburst, a startup that uses AI technology to extract the best bits from podcasts and talk radio to create new listening experiences, has raised an additional $10 million in strategic funding from Dentsu and Hyundai Motor Company. The new round is focused on helping Audioburst further expand into advertising and in vehicles. It also precedes […]

The team behind Baidu’s first smart speaker is now using AI to make films

The HBO sci-fi blockbuster Westworld has been an inspiring look into what humanlike robots can do for us in the meatspace. While current technologies are not quite advanced enough to make Westworld a reality, startups are attempting to replicate the sort of human-robot interaction it presents in virtual space. Rct studio, which just graduated from […]

Facebook’s AI couldn’t spot mass murder

Facebook has given another update on measures it took and what more it’s doing in the wake of the livestreamed video of a gun massacre by a far right terrorist who killed 50 people in two mosques in Christchurch, New Zealand. Earlier this week the company said the video of the slayings had been viewed […]