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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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Smart-Kitchen Startups Give Cooks Digital Help Via Internet of Things

Xconomy

The Internet of Things, artificial intelligence, and related technologies are being used to connect ovens, refrigerators, and other kitchen appliances to the Web. When it comes to connected homes, the hottest spot is located in your kitchen. Feeling unsure about cooking that fish dish?

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With Launch of Dynam.AI, Analytics Ventures Shifts to New Model

Xconomy

The debut Wednesday of Dynam.AI, a San Diego startup offering its expertise in artificial intelligence, also marks a shift that has been underway for the past year or so at Analytics Ventures, a local fund that invests in tech deals.

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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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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic , which last year unveiled its novel computer chip designed for artificial intelligence, announced today that it has raised $40 million in a Series B fundraising round led by the venture capital arm of Japanese telecom and tech giant SoftBank.

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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.