China’s adaptive robot maker Flexiv raises over $100 million

As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which closed a Series B round north of $100 million from investors including China’s on-demand services giant Meituan.

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Graphcore raises $222 million to scale up AI chip production

Graphcore claims its M2000 AI computer hits 1 petaflop

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 global expansion and further accelerate future silicon, systems, and software development.

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Chinese AI chipmaker Horizon endeavours to raise $700M to rival NVIDIA

AI chipmaker Horizon Robotics is seeking to raise $700 million in a new funding round. Horizon is often seen as potentially becoming China’s equivalent of NVIDIA. The company is founded by Dr Kai Yu, a prominent industry figure with quite the credentials. Yu led Baidu’s AI Research lab for three years, founded the Baidu Institute…

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Sony has a new ‘AI robotics’ drone division called Airpeak

Sony’s latest division, Airpeak, is described as being “in the field of AI robotics” and will focus on next-generation drones. Despite incidents of reckless flying, drones unlock huge opportunities. We regularly see beautiful photography and videography shot using drones—but, of course, they can do so much more. Sony has built a stellar reputation in media…

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NVIDIA chucks its MLPerf-leading A100 GPU into Amazon’s cloud

NVIDIA’s A100 set a new record in the MLPerf benchmark last month and now it’s accessible through Amazon’s cloud. Amazon Web Services (AWS) first launched a GPU instance 10 years ago with the NVIDIA M2050. It’s rather poetic that, a decade on, NVIDIA is now providing AWS with the hardware to power the next generation…

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NVIDIA sets another AI inference record in MLPerf

NVIDIA has set yet another record for AI inference in MLPerf with its A100 Tensor Core GPUs. MLPerf consists of five inference benchmarks which cover the main three AI applications today: image classification, object detection, and translation.

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Intel, Ubotica, and the ESA launch the first AI satellite

Intel, Ubotica, and the European Space Agency (ESA) have launched the first AI satellite into Earth’s orbit. The PhiSat-1 satellite is about the size of a cereal box and was ejected from a rocket’s dispenser alongside 45 other satellites. The rocket launched from Guiana Space Centre on September 2nd. Intel has integrated its Movidius Myriad…

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South Korea wants to develop 50 types of AI chips by 2030

South Korea has set itself the ambitious national target of developing 50 types of AI chips within the next decade. The country’s ICT ministry made the announcement this week as South Korea positions itself to move beyond its historic foothold in memory chips into artificial intelligence semiconductors. South Korea is investing heavily in AI; especially…

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