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Artificial Intelligence

Artificial Intelligence News: AI will add $15 trillion to the global economy (according to Gartner) by 2030. This fast-moving, technological breakthrough is powering the next industrial revolution and will disrupt the global economy in unforeseen ways. The DailyAlts AI channel tracks the latest developments, capital flows, technological advancements, and other influences that will transform the 2020s.

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Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn

January 4, 2022

Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.

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More Stories on Artificial Intelligence

The Top 5 AI Start-Ups in Europe

August 23, 2019

AI is the fastest-growing sector in European venture capital.
Investors poured in €1.3 billion in 2017 to fund AI startups in the region. They followed that up with €1.8 billion in 2018. By August 2019, investments in AI startups have already touched €1.9 billion.
Investors are looking to secure an early-mover advantage in AI, a fascinating and disruptive technology with enormous potential.

Chinese AI Start-Up AInnovation Planning an IPO Within Two Years

August 23, 2019

ccording to Kai-Fu Lee, a well-known Chinese venture capitalist, and founder of Sinovation Ventures, his AI start-up AInnovation would likely be ready to list within two years
Founded in March 2018, AInnovation focuses on artificial intelligence solutions for customers in the retail, finance and manufacturing sectors. Prominent clients include Foxconn, Nestlé, Carlsberg, Mars, and the Postal Savings Bank of China Co.

ESG investing using artificial intelligence

August 21, 2019

Data science and enormous computing power such as artificial intelligence are now able to provide new ESG insights to investment managers
Unstructured, voluminous and incompatible data always presented a challenge to investors and asset managers looking to make environmental, social and governance (ESG)-friendly investments. Artificial intelligence (AI) could change all that with its capacity to crunch vast amounts of data and throw Up new insights not available through other, traditional methods.

Intel introduces its latest SpringHill chip designed for AI applications

August 21, 2019

Developed at Intel’s facility in Haifa, Israel, the new chip Nervana NNP-I, a.k.a. Springhill targets the future situation of “AI everywhere.”
Intel designed its latest processor for large computing centers and AI applications. Based on a 10 nm Ice Lake processor, it can take up high workloads with low consumption of energy.

AI firm H2O.ai

Goldman Sachs and Ping An lead $ 72.5 million funding round in AI firm H2O.ai

August 20, 2019

Goldman Sachs and Ping An lead $ 72.5 million funding round in AI firm H2O.ai
Wells Fargo, NVIDIA and Nexus Venture Partners also made repeat investments in the India-based artificial intelligence startup
With the latest Series D funding round, H2O.ai has raised a cumulative amount of $ 147 million. Other investors include Barclays, Capital One, New York Life, Walton River Wood, and Transamerica.

Cerebras Systems

Cerebras Systems Launches AI Chip with a Record 1.2 trillion Transistors

August 19, 2019

Cerebras Systems, the hitherto stealth mode AI start-up, has come out swinging with its Cerebras Wafer-Scale Engine (WSE), the largest chip ever built
“56x larger than any other chip, the WSE delivers more compute, more memory, and more communication bandwidth. This enables AI research at previously-impossible speeds and scale,” the company says on its website.

Venture Capital: Dexai Robotics Raises $5.5M To Develop Alfred, an Aspiring Robotic Chef

March 9, 2000

Dexai Robotics addresses the labor shortage in the restaurant industry by developing AI-powered robotics for commercial kitchens. It raised $5.5 million in a seed round led by Hyperplane Venture Capital.
New investors in the startup included Rho Capital, Harlem Capital, Contour Venture Partners, and NextView Ventures.