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Nervana Raises $600K For Artificial Intelligence Hardware

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San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificial intelligence software, has raised $600,000 in a funding round. The company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning". Aditya Agrawal, Ruchi Sanghvi, and SV Angels. READ MORE>>.

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Toyota Plans Artificial Intelligence Push

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Auto maker Toyota , which is headquartered in Torrance, says this morning that it is announcing how it plans to leverage artificial intelligence research in its next generation vehicles. Toyota said in November that it will invest $1 billion over the next five years on the R&D effort. READ MORE>>.

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AlphaTrAI Applies AI To Investment Management

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San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.

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Lantern Credit Buys Machine Learning Technology

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Newport Beach-based Lantern Credit , a fintech startup focused on the consumer credit market, said this morning that it has acquired a set of software used for machine learning. Lantern Credit said Korns previously has served at such companies as IBM, Tymshare Transaction Services, Xerox Imaging and Investment Science.

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Qualcomm Sets Up New, $100M AI Investment Fund

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San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venture capital investment fund, which will focus only an artificial intelligence. The first investment out of the fund is in AnyVision , a startup working on face, body, and object recognition. READ MORE>>.

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Temasek Funds New AI Effort In San Diego, Aicadium

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Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment.

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Greycroft Leads $6.3M Funding In Frame AI

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Los Angeles-based venture investor Greycroft , which has made investments in such companies as AwesomenessTV, Maker Studios, Sometrics, Venmo, and others, is one of the lead investors in New York-based Frame AI. Frame AI is a developer of artificial intelligence and machine learning used by companies to understand customer churn and behavior.