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Oxbotica raises $47 million to bring autonomy to vehicles in challenging environments

Oxbotica, a U.K.-based developer of autonomous vehicle software, today announced that it raised $47 million in a series B round led by BP Ventures. The startup says the funding will be used to accelerate Oxbotica’s commercial deployment of its software platform across key industries and markets. Some experts predict the pandemic will hasten adoption of autonomous vehicles for delivery. Self-driving cars, […]

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OpenAI debuts DALL-E for generating images from text

OpenAI today debuted two multimodal AI systems that combine computer vision and NLP, like DALL-E, a system that generates images from text. For example, the photo above for this story was generated from a text caption “an illustration of a baby daikon radish in a tutu walking a dog.” DALL-E uses a 12-billion parameter version of GPT-3, and like GPT-3 […]

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Cox acquires AI/3D scanner maker Fyusion to aid used car dealerships

When car dealers sell new vehicles, customers can rely on manufacturer-provided 3D models that look exactly like the cars they’re about to purchase. But that isn’t the case for used cars, which commonly have dings and other issues that must be disclosed to prospective buyers. To aid in the vehicle imaging and disclosure process, media conglomerate Cox Enterprises today announced […]

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Graphcore raises $222 million to scale up AI chip production

Graphcore, a Bristol, U.K.-based startup developing chips and systems to accelerate AI workloads, today announced it has raised $222 million in a series E funding round led by the Ontario Teachers’ Pension Plan Board. The investment, which values the company at $2.77 billion post-money and brings its total raised to date to $710 million, will be used to support continued […]

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How to build AI applications users can trust

To work effectively, algorithms need user data — typically on an ongoing basis to help refine and improve the experience. To get user data, you need users. And to get users, especially lasting users who trust you with their data, you need to provide options that suit their comfort levels now while still allowing them to change them in future. […]

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How RPA could help distribute and track COVID-19 vaccines

The first shipments of Pfizer’s and Moderna’s COVID-19 vaccines arrived at health systems across the U.S. this month, a significant milestone in the fight against a pandemic that has infected and killed millions of people. But vaccine distribution and administration is a major logistical challenge, not least because both vaccines require cold storage. Nevertheless, Operation Warp Speed, the U.S. public-private […]

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13 acquisitions highlight Big Tech’s AI talent grab in 2020

It’s no secret that Big Tech has for years nabbed top technology talent through product acquisitions and acqui-hires. In fact, this is something the Federal Trade Commission (FTC) is currently looking into through ongoing antitrust investigations. So it should come as little surprise that Facebook, Amazon, Apple, Microsoft, and Alphabet (FAAMG) have also engaged in an AI talent arms race […]

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Nuro acquires self-driving truck startup Ike

Driverless truck company Ike today announced that it’s been acquired by Nuro, the autonomous delivery vehicle startup, for an undisclosed amount. Ike says it’s already begun work on integration of its 55 employees and technology and that joining forces with Nuro will allow it to “move faster on an ambitious mission to make people’s lives better with automated vehicles.” “Our […]

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