Emerging Tech – SiliconANGLE

Applied Intuition to acquire self-driving truck software company Embark for $71M

Duncan Riley — Fri, 26 May 2023 00:53:05 +0000

Autonomous vehicle software development company Applied Intuition Inc. today said it has agreed to acquire self-driving truck software company Embark Technology Inc. in an all-cash transaction for $71 million. Founded in 2016, Embark designs automotive-grade self-driving software that uses machine learning for perception while relying on a safety-redundant computing system. The company’s custom-built hardware platform, pitched as […]

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Red Hat’s innovation roadmap goes beyond the hype cycles

Gabrielle Stenzel — Thu, 25 May 2023 21:42:06 +0000

Today’s businesses are looking to do more with less. So, why is it important for technology institutions to dedicate resources for their internal teams toward innovation? Red Hat Inc., a worldwide leader in open-source modernization, has contributed progress toward unconventional solutions to help solve the larger scope of problems in the tech world. One of the […]

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Paralyzed man walks for first time in over a decade with electronic brain implants

James Farrell — Thu, 25 May 2023 01:09:58 +0000

A 40-year-old Dutch man who was paralyzed in a cycling accident in China in 2011 has walked again thanks to a brain-machine interface. Gert-Jan Oskam was told he’d never walk again after his accident, but with the help of researchers in Switzerland, he has now walked up stairs and down the street for distances of […]

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Ayar Labs reels in another $25M for its optical chip interconnect

Maria Deutscher — Wed, 24 May 2023 21:13:25 +0000

Ayar Labs Inc., a startup developing a new way of linking together chips in data centers, today announced that it has raised $25 million from investors. The funding was provided as an extension to a $130 million Series C round the startup closed last year. Capital TEN led the new investment, which is described as a […]

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AI robotics firm Figure raises $70M to build robots with a human form

Kyt Dotson — Wed, 24 May 2023 16:40:39 +0000

Looking to disrupt the industry with humanoid-style bipedal AI-driven robots, Figure AI Inc. today announced that it has raised $70 million in a Series A round led by Parkway Venture Capital to drive its vision of commercializing a robotic workforce. Most workforce robots take on specific tasks based on single-function designs that do specific tasks extremely […]

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Uber and Waymo sign partnership to enhance access to autonomous vehicles

Duncan Riley — Wed, 24 May 2023 00:05:17 +0000

Uber Technologies Inc. and Alphabet Inc.’s Waymo LLC today announced a new multiyear strategic partnership to enhance access to autonomous vehicles. Starting in Phoenix, Arizona, the collaboration will see Waymo’s autonomous driving technology, known as Waymo Driver, integrated into the Uber platform. Phoenix is one of two locations where Waymo is testing autonomous ride-hailing services, […]

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Meta reportedly in talks with Magic Leap for IP licensing and manufacturing

Duncan Riley — Mon, 22 May 2023 00:29:05 +0000

Facebook’s parent company, Meta Platforms Inc., is reportedly in talks with augmented reality startup Magic Leap Inc. as part of its pursuit of creating the metaverse. The Financial Times reported today that Meta is exploring a potential multiyear agreement with Magic Leap, focusing on intellectual property licensing and contract manufacturing in North America. The collaboration is […]

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IBM announces new 10-year, $100M quantum-centric supercomputer initiative

Duncan Riley — Sun, 21 May 2023 23:53:48 +0000

International Business Machines Corp. today announced a new 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits. A “qubit,” or quantum bit, is the fundamental unit of quantum information and is distinguished by its ability to exist in multiple states at […]

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IBM and Google commit $150M to quantum computing research

Maria Deutscher — Wed, 17 May 2023 21:11:55 +0000

IBM Corp. and Google LLC have pledged $150 million to support two universities’ quantum computing research efforts. The recipients are the University of Chicago and the University of Tokyo, the Wall Street Journal reported today. Besides financial resources, researchers will also receive access to quantum computing hardware from Google. Today’s quantum computers are capable of […]

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Sanctuary AI unveils a humanoid robot called Phoenix that’s ready to offer its ‘labor-as-a-service’

Mike Wheatley — Wed, 17 May 2023 00:39:15 +0000

Sanctuary Cognitive Systems Corp., better known as Sanctuary AI, has unveiled an incredibly humanlike and supposedly very capable general purpose robot called Phoenix that’s being billed as the first robot worker prototype. Announced today, Phoenix is a humanoid robot that runs on Sanctuary AI’s Carbon AI control system, which provides it with human-like intelligence and […]

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Wingcopter raises $44M from EU to scale drone deliveries across the globe

Kyt Dotson — Thu, 11 May 2023 20:25:23 +0000

Wingcopter GmBH, a German drone technology and services startup, today announced it has raised €40 million (about $44 million) in new funding from the European Investment Bank to expand production on its flagship drone hardware and take its delivery services into Europe and abroad. Founded in 2017, Wingcopter is the developer, manufacturer and operator of […]

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What to expect during Red Hat Summit: Join theCUBE May 23-24

Ryan Stevens — Wed, 10 May 2023 19:32:49 +0000

The information technology landscape is constantly shifting, with new trends emerging around automation for DevOps and container management, as well as serverless reemerges. Open-source transformations, in particular, are a big part of this shift. The future of open-source technology will be a main subject of discussion during this year’s Red Hat Summit in Boston. This year, […]

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UVeye, creator of an AI-powered vehicle inspection system, raises $100M in funding

Mike Wheatley — Tue, 09 May 2023 13:00:16 +0000

Automated vehicle inspection systems startup UVeye Inc. said today it has closed on a $100 million funding round led by Hanaco VC. The Series D round, which also saw participation from existing investors GM Ventures, CarMax, W.R. Berkley Corporation, F.I.T. Ventures L.P. and various Israeli institutional investors, brings the company’s total amount raised to date […]

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LightSolver debuts ‘laser processing unit’ as alternative to quantum computing and supercomputers

Mike Wheatley — Tue, 09 May 2023 12:00:40 +0000

High-performance computing startup LightSolver Ltd. today announced what it says is the world’s first pure “laser-based processing unit,” providing businesses with an alternative to expensive supercomputers and unstable quantum computing platforms. The LightSolver LPU is designed to solve business challenges that involve multiple variables. Defined as “NP-hard optimization problems,” they traditionally require specific mathematical models […]

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Global venture capital investments drop 56% in April

Duncan Riley — Wed, 03 May 2023 11:00:50 +0000

New data released today by Crunchbase Inc. finds that global venture capital funding continued to decline in April as broader macroeconomic issues, 40-year-high interest rates and the war in Ukraine continue to disrupt global markets. In April, total global venture capital investments dropped 56% year-over-year, with the slowdown affecting all funding stages. Seed funding dropped […]

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Riverlane raises £15 million as it strives to solve quantum error correction

Mike Wheatley — Mon, 24 Apr 2023 09:12:30 +0000

British quantum engineering startup Riverlane Ltd. said today it has closed on a £15 million ($18.65 million) round of funding. The Series B round, which significantly boosts its valuation, will enable it to continue innovating until it becomes cash flow positive, the company said. Molten Ventures led the round, which also saw participation from Altair Engineering […]

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Moderna to harness IBM’s quantum computers and advanced AI models for mRNA vaccine research

Mike Wheatley — Thu, 20 Apr 2023 23:57:39 +0000

The biotechnology and pharmaceutical firm Moderna Inc., best known for its COVID-19 vaccine, said today it’s working with IBM Corp. to explore ways in which quantum computing and generative artificial intelligence can advance its mRNA technology. The two companies have signed an agreement that will allow Moderna’s scientists to access IBM’s quantum computing systems, which […]

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Thanks to Elon Musk’s electric car price war, Tesla reports lower-than-expected revenue

Duncan Riley — Thu, 20 Apr 2023 02:17:24 +0000

Shares in Tesla Inc. dropped by over 6% in late trading after the electric car and solar panel maker reported slightly lower-than-expected revenue and earnings in its fiscal first quarter. For the quarter that ended March 31, Tesla reported adjusted earnings per share of 85 cents on revenue of $23.33 billion. Analysts were expecting 86 […]

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Space communications startup Kepler raises $92M to build satellite relay network

Mike Wheatley — Fri, 14 Apr 2023 01:05:44 +0000

Canadian satellite startup Kepler Communications Inc. said today it has closed on a $92 million round of funding that will help it build out its on-orbit data network for space-based infrastructure. Today’s Series C round was led by IA Ventures, an existing investor that has backed the company since its initial seed funding round seven years […]

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Tesla staff reportedly shared videos of intimate moments and accidents from customer vehicles

Duncan Riley — Thu, 06 Apr 2023 23:53:31 +0000

Tesla Inc. employees reportedly have been sharing videos taken for customer cars, including intimate moments and accidents, according to a new report from Reuters. The report claims that between 2019 and 2022, Tesla employees shared footage from vehicles on internal messaging systems. Tesla vehicles have multiple cameras that are used by the self-driving feature, with […]

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AWS partners with De Beers to grow artificial diamonds for quantum networking

Maria Deutscher — Wed, 05 Apr 2023 19:19:48 +0000

Amazon Web Services Inc. has partnered with De Beers PLC to make diamonds for quantum networks, according to a new report. Bloomberg reported today that the partnership involves a De Beers subsidiary called Element Six. The subsidiary has opened a plant in Oregon that can grow millions of artificial diamonds per year for networking purposes. […]

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Startup Agnostiq raises $6.1M to integrate quantum with high-performance computing

Mike Wheatley — Wed, 05 Apr 2023 13:00:17 +0000

Quantum computing startup Agnostiq Inc. said today it has closed on a seed funding round worth $6.1 million to help accelerate the development of its enterprise-grade quantum and high-performance computing platform. Today’s round was led by Differential Ventures and saw participation from existing investors Scout Ventures, Tensility Venture Partners, Green Egg Ventures and Rob Granieri, […]

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Drone automation and delivery company FlyBy Robotics raises $4M

Duncan Riley — Wed, 05 Apr 2023 13:00:11 +0000

Drone automation and delivery company Flyby Robotics today announced that it has raised $4 million to fund product development with the goal of achieving Level 4 autonomy for Flyby’s flight systems, which currently perform at Level 3. At Level 4 autonomy, drones operate without any human intervention throughout the delivery process but allow a pilot in a […]

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Venture capital funding drops 53% in first quarter amid ongoing macroeconomic issues

Duncan Riley — Wed, 05 Apr 2023 12:30:17 +0000

A new report today from Crunchbase Inc. finds that money flowing into venture capital continued to drop in the first quarter as growth investors further scaled back their investment pace amid ongoing worldwide macroeconomic issues. For the quarter that ended March 31, global funding came in at $76 billion, down 53% from the $162 billion invested […]

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Quantum startup IonQ delivers strong earnings beat and its stock rises

Mike Wheatley — Thu, 30 Mar 2023 23:53:28 +0000

Quantum computing company IonQ Inc. closed on its first full year as a publicly traded company today, beating expectations on earnings and revenue as it delivered its fourth-quarter results. The company reported a loss before certain costs such as stock compensation of nine cents per share, with revenue for the period coming to $3.8 million, […]

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Disney abandons metaverse division amid layoffs

Kyt Dotson — Tue, 28 Mar 2023 16:15:31 +0000

Walt Disney Co. has reportedly ditched its metaverse division as part of a broader restructuring process that will cut the company’s operating expenses by $5.5 billion and lay off 7,000 employees over the next two months. Citing people familiar with the matter, the Wall Street Journal reported today that would include the 50 or so […]

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How do you monetize free tech? OpenFaaS founder weighs in

Patrick Nelson — Thu, 23 Mar 2023 19:22:53 +0000

Lending insights as a community leader is how one goes about the difficult task of getting paid for developing open-source projects, according to the founder of a growing open-source, serverless deployment platform for Kubernetes. “I eventually accepted the fact that companies don’t pay for something they can get for free,” said Alex Ellis, founder of […]

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Snap opens up its AR tools to retailers and enterprise businesses

Kyt Dotson — Thu, 23 Mar 2023 18:10:40 +0000

Snap Inc., the company behind the video-messaging app Snapchat, today announced it’s launching a new division that will offer its augmented reality solutions to retailers and businesses so they can integrate them into their apps. Augmented Reality Solutions for Business, or ARES, will allow businesses to adapt Snap’s AR features for their apps and websites […]

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How the enterprise is using automation as a tool to speed IT

Patrick Nelson — Wed, 22 Mar 2023 14:51:39 +0000

Unifying orchestration and automating information technology are becoming increasingly in demand throughout digital business transformation for enterprise businesses. This is ringing true for Morpheus Data LLC, which began as an internal toolset within a private equity firm serving billions in capital and now provides cloud orchestration and self-service IT automation for developers. “Customers have actually […]

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Wingtra raises $22M as its survey drones soar to new heights

Kyt Dotson — Tue, 21 Mar 2023 12:00:23 +0000

Wingtra AG, a leading manufacturer of fixed-wing drones capable of vertical takeoff and landing, today announced that it has raised $22 million in new funding as the company expands its drone solutions and operations globally. The Series B round was joined by DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, Ace & Co. and the European Innovation […]

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