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.
Untether AI closes additional $9.4 million CAD from Radical Ventures, Intel Capital (BETAKIT)
Toronto-based Untether AI has closed an additional $9.4 million CAD ($7 million USD) in financing.
The one book Erin Bury thinks every startup founder should read
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.
RealityEngines.AI becomes Abacus.AI and raises $13M Series A (TECHCRUNCH)
In addition, the company also disclosed that it has raised a $13 million Series A round led by Index Ventures’ Mike Volpi, who will also join the company’s board.
Today in funding: Sampler, DivDot, Hardbacon (BETAKIT)
Three Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised.
Predictive policing algorithms are racist. They need to be dismantled. (MIT TECHNOLOGY REVIEW)
Lack of transparency and biased training data mean these tools are not fit for purpose. If we can’t fix them, we should ditch them.
BuyBack Booth secures $5.2 million in seed funding to bring smartphone diagnostic robot to market (BETAKIT)
BuyBack Booth, which provides artificial intelligence-based mobile phone evaluations, has raised a $5.2 million seed round led by Brightspark Capital.
Canadians can now opt out of Clearview AI facial recognition, with a catch (CBC)
Canadians may now request they not appear in Clearview AI’s facial recognition search results, days after the controversial U.S.-based firm announced it was pulling out of this country.
Clearbanc launches free platform to help startups determine their valuation (BETAKIT)
Toronto-based Clearbanc has launched a new platform that allows founders to determine the valuation of their startup.
British chip designer Graphcore unveils new AI processor more complex than Nvidia’s (THE VERGE)
Graphcore, a well-funded and ambitious British chip designer that focuses solely on AI applications, has unveiled what it says is the world’s most complex chip: the Colossus MK2 or GC200 IPU.
Three Ottawa tech companies receive over $11 million from FedDev Ontario (BETAKIT)
Through FedDev Ontario, the Government of Canada has invested nearly $11.2 million CAD in a trio of Ottawa-based software firms: Solace, You.i TV, and Lytica.
How BMW and Malong used edge AI and machine learning to streamline warehouse and checkout systems (VENTUREBEAT)
Regardless of the use case, Floyd emphasized the importance of open platforms with respect to edge computing and AI.