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Scale AI is investing $10 million to support the creation of at least ten university chairs dedicated to AI across the country
In these unprecedented times, entrepreneurs need all the help they can get. BetaKit has teamed up with Microsoft for Startups on a new series called Just One Thing, where startup founders and tech leaders share the ‘one thing’ they want the next generation of entrepreneurs to learn.
London-based Greyparrot, which uses computer vision AI to scale efficient processing of recycling, has bagged £1.825 million (~$2.2M) in seed funding, topping up the $1.2M in pre-seed funding it had raised previously.
Artificial intelligence startup Accern raises $13 million in Series A to help enterprises adopt AI more easily (FORBES)
An example of Accern’s use is its ability to monitor over a billion indexed public news and websites which they can track in real time and quantify.
Element AI has launched two new collaborations in the Asia-Pacific region.
Freemium users of the repository can access “thousands” of graphical resources, while premium fee-paying users have access to a far wider selection of content and unlimited downloads.
Microsoft says that the 285,000-core machine would have ranked in the top five of the TOP500 supercomputer rankings.
The global AI agenda: North America (MIT TECHNOLOGY REVIEW)
How do executives in the US and Canada see AI playing out in their business? What are the main benefits reaped so far, and what challenges do they face in AI deployment?
DarwinAI brings explainability platform to aerospace industry through Lockheed Martin partnership (BETAKIT)
DarwinAI, a Kitchener-Waterloo-based artificial intelligence startup, is partnering with global aerospace company Lockheed Martin.
This isn’t the first attempt to make this kind of observation from orbital imagery, but previous efforts relied heavily on visual measurements that are “extremely site-specific,” meaning the analysis method differs greatly depending on the location.
Seattle smart home startup Wyze raises $10M to launch new product categories and improve AI tech (GEEKWIRE)
Wyze Labs just raised $10 million as it expands its smart home product offerings and adapts to the COVID-19 crisis.
Toronto-based startup Cinchy has closed a $10 million CAD Series A funding round.
AI isn’t magical and won’t help you reopen your business (WALL STREET JOURNAL)
What do you do when a sudden break from past trends profoundly reorders the way the world works? If you’re a business, one thing you probably can’t do is turn to existing artificial intelligence.