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Autonomous vehicle tech developer Nauto raises $159 million in funding

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nauto self-driving system

Autonomous vehicle technology company Nauto, which is developing an artificial intelligence and data platform for self-driving technology, has closed a $159 million Series B financing round, led by a SoftBank subsidiary, and Greylock Partners.

Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series A investors Playground Global and Draper Nexus.

The funds will fuel Nauto’s growth and the deployment of its retrofit safety and networking system into more vehicles around the globe, as well as support the expansion of the Nauto data platform in autonomous vehicle research and development across multiple automakers.  [Read more…] about Autonomous vehicle tech developer Nauto raises $159 million in funding

Brain Corp raises $114 million to develop self-driving technology for robots

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Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.

Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.

The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots.  [Read more…] about Brain Corp raises $114 million to develop self-driving technology for robots

Chinese robot maker CloudMinds creates robots based on cloud intelligence

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cloud-computing

Company backed by SoftBank says it has switched from artificial intelligence to cloud intelligence

A Chinese company called CloudMinds says it has created what it says is a “cloud intelligence ecosystem” for robotics. 

CloudMinds specialises in the research, development and manufacturing of cloud intelligence-based applications.

It has several investors, including SoftBank Group, the Japanese multinational telecommunications and Internet firm.  [Read more…] about Chinese robot maker CloudMinds creates robots based on cloud intelligence

Qualcomm could become king of the road if it buys NXP

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qualcomm headquarters

Mergers and acquisitions happen quite frequently these days, and there’s a lot of interest surrounding them. 

For example, there are currently strong rumours that US smartphone chip giant Qualcomm is about to buy NXP Semiconductor for $40 billion.

NXP itself last year bought Freescale for $12 billion. The deal gave NXP access to the market for micro-controllers, in which Freescale is one of the leading companies.

And in a separate, similarly large deal, Japanese communications colossus SoftBank recently agreed to buy the British chip designer ARM for $32 billion.  [Read more…] about Qualcomm could become king of the road if it buys NXP

Your artificially intelligent assistant is ready to take a letter

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boss dictates letter to secretaryOne of the many perks of being the boss of a reasonably sized company is having your own personal assistant, someone who you can dictate letters to, someone who keeps your diary updated, answers your phones and helps you organise your time so you are as efficient and as productive as you can be at work.

A good PA is often very highly paid, commensurate with the company and business sector he or she works for, and their image as super-fast typists and excellent organisers is one that is often celebrated and acknowledged.

However, the relationship between the boss and the PA could be about to change forever as a result of developments in artificially intelligent assistant technology. Already there are a number of artificially intelligent personal assistants – let’s call them AIPAs for now – on the market and according to some, they’re quite good. [Read more…] about Your artificially intelligent assistant is ready to take a letter

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