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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out. In the 2-1/2 years since it was founded, Nervana raised roughly $25 million.

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Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Xconomy

[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I. As chairman of Austin, TX-based A.I.

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Udacity Achieves 50,000 Nanodegree Grads Amid Company Reorganization

Xconomy

Launched four years ago, the Nanodegree courses allow students worldwide to gain expertise in areas such as data analytics, machine learning, and autonomous flight engineering by completing coursework that can take as little as six months.

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Esperanto Reaps $58M To Speed Development of Its 7nm AI Chip

Xconomy

Mountain View, CA-based Esperanto is vying with a host of competitors to create new processors for high-order tasks like machine learning and deep learning, while also minimizing power consumption. The field includes big semiconductor companies like Nvidia and tech giants like Google and Facebook, as well as other startups.

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Quantum Computing 101: Brilliant, Google, Microsoft Training Workers

Xconomy

From Microsoft and IBM to Alphabet’s unit X and Canada’s D-Wave Systems, companies are racing to build powerful quantum computers that may solve problems beyond the capacity of the most sophisticated conventional processors, and do it much faster.

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Nuance Spinout Cerence Vies With Tech Giants in Voice-AI for Auto

Xconomy

Cerence is a spinout from pioneering speech recognition company Nuance Communications (NASDAQ: NUAN ), and it will carry on the work of Nuance’s former automotive division —a longtime player in the hotly competitive drive to equip vehicles to take full advantage of voice interactivity, artificial intelligence, and mobile Internet connections.

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Austin Group Joins Other Tech Efforts to Promote Responsible AI Use

Xconomy

Artificial intelligence is poised to infiltrate nearly all aspects of human life. Given this development, technologists are focusing on how to ensure the technology usage is governed by ethics. The general rule is that power begets responsibility,” says Michael Stewart, founder and CEO of Lucid AI , an AI startup in Austin. “If