A|I: The AI Times – China’s experiment in AI education

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page.


Clearbanc raises $300 million USD to take entrepreneur funding model global

Just over half a year since raising $159.28 million CAD, Clearbanc has raised an additional $393 million CAD ($300 million USD) to help scale its alternative fundraising model for entrepreneurs.



TechCrunch

Why AWS is building tiny AI race cars to teach machine learning

At the time, it seemed like a bit of a gimmick, but AWS has put a lot of its weight behind it and is currently running a DeepRacer league at its various events around the world.


Canada’s Element AI is making a high-stakes gamble it can be a world-beater

The Montreal-based artificial intelligence innovator has impressive backers and a hefty bankroll, but can it deliver what it promises?


BetaKit

Owl.co raises $2.6 million CAD for encrypted data collection platform

Owl.co, a software company that helps banks and insurers collect and encrypt customer data, has raised its first round of funding, securing $2.6 million CAD.


TechCrunch

Babylon Health confirms $550M raise at $2B+ valuation to expand its AI-based health services

This is the largest-ever fundraise in Europe or U.S. for digital health delivery, Babylon said.


Healthcare is the top industry for AI startup funding

Healthcare has emerged as the hottest area for AI investment, as investors bet billions that startups can use data to reshape how we discover new drugs and take care of patients.


AI startup funded by BMW and Toyota says robotic taxis feasible in 2024

Recogni is developing a computer vision-based inferencing system that uses a diverse set of image sensors that can identify significantly smaller objects at a much larger distance compared to competitors.


TechCrunch

Dasha AI is calling so you don’t have to

The team is building a platform for designing human-like voice interactions to automate business processes. Put simply, it’s using AI to make machine voices a whole lot less robotic.


AI video startup Minute.ly raises $8M to help boost video performance

AI-powered video enhancement firm Minute.ly announced last week the closing of an $8 million finance round. Investors that participated in the round include Ansonia Holdings Singapore BV and sports marketing company Infront.


China has started a grand experiment in AI education. It could reshape how the world learns.

In recent years, the country has rushed to pursue “intelligent education.” Now its billion-dollar ed-tech companies are planning to export their vision overseas.



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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.