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Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

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Switzerland-based Teralytics has raised $17.5 million for what is described as “the world’s first intelligent mobility operating system”.

innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company.

The round was led by Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar. [Read more…] about Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

ABB pilots automation solution for data centres

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A colocation data centre provider is piloting ABB‘s new data centre automation cloud solution, which aims to meet challenges faced by the rapid growth of data centres.

Optimisation of data centre performance, increased tenant retention, agile communications between operations and upper management, and reduced costs are some of the benefits claimed for the new ABB offering.

With a holistic data centre approach, the solution is said to provide a detailed insight into how multiple data centres and devices are performing.

[Read more…] about ABB pilots automation solution for data centres

Recogni launches with $25 million to develop AI processing for autonomous vehicles

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A US-German startup called Recogni has raised $25 million in Series A funding to make “fully-autonomous vehicles a reality”.

Until now, Recogni has been in “stealth mode” while it develops its “high-performance, low-power AI processing for autonomous vehicles”.

Recogni says it has designed a vision-oriented artificial intelligence platform for autonomous vehicles. [Read more…] about Recogni launches with $25 million to develop AI processing for autonomous vehicles

Verizon launches mobile 5G nationwide and ultra-wideband 5G in Minneapolis

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Verizon has debuted its fifth 5G-enabled device with the launch of the Inseego MiFi M1000.

When connected to Verizon’s 5G Ultra Wideband network, the device, exclusively available to Verizon customers, provides the large bandwidth and fast download speeds required for applications like 4K/8K video streaming, virtual reality and augmented reality (VR/AR), mobile workforce, industrial IoT and more.

Verizon also launched 5G Ultra Wideband mobility service in St Paul, Minnesota, joining Denver, Chicago, Minneapolis and Providence as the fifth of more than 30 Verizon 5G mobility cities Verizon plans to launch in 2019. [Read more…] about Verizon launches mobile 5G nationwide and ultra-wideband 5G in Minneapolis

When Automation Works Alongside Humans

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When we talk about automation, we often imagine a future in which everything we do will be almost entirely handled by machines. Cars will drive themselves. Management decisions will be handed over to an AI. Even the creative arts might one day be taken over by robots.

But for the time being, automation isn’t quite there. And so, some compromise between machine and human worker is needed. A synergy between the two has already yielded great results – just think about an autopilot guiding a plane for the majority of a flight, and human pilot intervening only for take-off and landing.

A more commonplace example of machine-assistance comes in the form of a spell-checker on a word-processing program. And these are getting more sophisticated. Apps like Grammarly and ProWritingAid not only identify grammatical or spelling errors; they now also identify more stylistic problems, and help us to make writing clearer and more concise, even when it isn’t technically wrong. [Read more…] about When Automation Works Alongside Humans

BMW provides insight into how it uses artificial intelligence in production

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Artificial intelligence (AI) is on the rise in automotive production. Since 2018, the BMW Group has been using various AI applications in series production.

One focus is automated image recognition: In these processes, artificial intelligence evaluates component images in ongoing production and compares them in milliseconds to hundreds of other images of the same sequence.

This way, the AI application determines deviations from the standard in real time and checks, for instance, whether all required parts have been mounted and whether they are mounted in the right place.

[Read more…] about BMW provides insight into how it uses artificial intelligence in production

Robert Bosch Venture Capital leads growth funding round in MegaRobo

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Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, is leading a growth financing round in MegaRobo. 

The Chinese high-tech robotic company with over 100 employees is headquartered in Beijing and integrates cutting-edge machine vision and artificial intelligence (AI) to provide modular automation solutions for lab automation, smart retail and light industrial sectors.

“MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC managing director Dr Ingo Ramesohl.

[Read more…] about Robert Bosch Venture Capital leads growth funding round in MegaRobo

Samsung Electronics introduces high-speed NPU solution for AI deep learning

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Deep learning algorithms are a core element of artificial intelligence (AI) as they are the processes by which a computer is able to think and learn like a human being does.

A Neural Processing Unit (NPU) is a processor that is optimised for deep learning algorithm computation, designed to efficiently process thousands of these computations simultaneously.

Samsung Electronics last month announced its goal to strengthen its leadership in the global system semiconductor industry by 2030 through expanding its proprietary NPU technology development.

[Read more…] about Samsung Electronics introduces high-speed NPU solution for AI deep learning

BMW highlights application of virtual and augmented reality in production

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Automotive giant BMW is providing an insight into its application of virtual and augmented reality in the company’s production system.

The company says the “fast and flexible” planning of new workstations in production is made possible by virtual reality and digitized 3D factory data.

It’s still a learning process but augmented reality technologies is making it possible to design training courses without any coding knowledge.

It also enables comparison between the camera image and CAD models for fast, straightforward quality checks of parts and vehicles. 

Full story below… 

[Read more…] about BMW highlights application of virtual and augmented reality in production

AMP Robotics and Ryohshin partner on automation for construction recycling

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AMP Robotics, a pioneer in artificial intelligence and robotics for the recycling industry, and waste management technology company Ryohshin are to make and sell AI-driven industrial robotics for material recovery in the Japanese construction and demolition market.

The companies also announced the commercial launch of a high-performance construction and demolition robotic systems now available in Japan.

Ryohshin and AMP have co-developed a robotic system using the AMP Neuron AI platform to guide high-performance robots that recognise, sort, pick and process construction and demolition debris for recycling. The two robotic systems are called “AI-Benkei” and “AI-Musashi”.

[Read more…] about AMP Robotics and Ryohshin partner on automation for construction recycling