Neuralink Corp., the technology start-up aiming to link computers to human brains founded by billionaire Elon Musk, has raised $27 million from a dozen investors and plans to raise as much as $100 million, according to financial documents filed Friday. The San Francisco company is at the forefront of so-called neural lace technology, which implants electrodes into the brain with the goal of allowing people to upload and download thoughts and information. The financial disclosures about the fundraising were made to the Securities and Exchange Commission. However, in a series of tweets Friday, Musk denied that the company was seeking investment. "Neuralink is not raising money," Musk wrote in a reply to a tweet from Wall Street Journal reporter Rolfe Winkler.

New drone footage has revealed the latest look of Tesla's Gigafactory located on Electric Avenue in Sparks, Nevada. Once completed in 2020, the factory is set to become one of the biggest buildings in the world, with a final size of 10 million square feet. With production underway at the Gigafactory, the company is churning out lithium ion battery cells by the masses in hopes to ultimately reduce the cost of sustainable energy. Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018, which is crucial for the company in reaching its production target of 10,000 units per week in 2018 for its new Model 3 car. According to electrek, Tesla's goal is on target as Tesla co-founder Elon Musk said this month that the factory is already the biggest battery producing factory in the world.

In late June, BlackBerry reported quarterly earnings that missed analysts' forecasts due to an unexpected sales decline, ramping up pressure on the company to meet its goal of boosting software and services revenue by 10 percent to 15 percent this year. BlackBerry declined to comment on the stock price, but QNX manager Grant Courville said it expected to sign deals with at least three major companies to get QNX into self-driving vehicles.

Everyone who follows the tech space knows that artificial intelligence ("AI") is one of the hottest area of investment. From my anecdotal experience, if you ask market participants to list who they think is the current leader in AI, most will say Google (NASDAQ:GOOGL) (GOOG), then followed by perhaps Microsoft (MSFT) or NVIDIA (NVDA). Being labeled an "AI" company helps these stocks attract incremental investors. However, it surprises me how few market participants recognize Amazon's (AMZN) leadership in AI. In my view, though impossible to quantify exactly, Amazon's AI investments and capabilities should sustain and increase its competitive advantage over time, leading me to believe that the stock has a much longer runway than what investors are giving it credit for. If I am correct, this also means bad news for Amazon competitors - this is particularly true in the retail space where competitive have invested little in AI technology by comparison.

The Apple HomePod is slated to come out later this year, but it might be difficult to find on store shelves. Limited shipments at launch may give the Siri-powered home speaker a gradual rollout, according to the Nikkei Asian Review. During an earnings conference call Monday, HomePod supplier Inventec Appliances gave further details about the new Apple device's launch schedule. Inventec president David Ho said via the Review that the company is expecting to have a smaller amount of units when the HomePod launches this fall. "We will finally ship the smart home device this year, but its contribution will be fairly limited and hopefully that will improve next year."

ARMONK, New York - 08 Aug 2017: While marketing and sales professionals increasingly find themselves drowning in data, a new IBM (NYSE: IBM) study finds that nearly two thirds--64 percent--of surveyed CMOs and sales leaders believe their industries will be ready to adopt cognitive technologies in the next three years. However despite this stated readiness, the study finds that only 24 percent of those surveyed believe they have strategy in place to implement these technologies today. Surveyed executives from businesses that have outperformed their competition for the past three years in revenue growth, profitability, or other factors, made up 13 percent of the study. Of these surveyed Outperformers, 93 percent believe cognitive computing is mature and market ready, and 91 percent assert that cognitive computing is good for their organizations. Cognitive computing, such as IBM Watson, is a next generation technology that can quickly understand and reason vast amounts of structured and unstructured data, like sounds and images, in the same way humans do--by reasoning, learning, and interacting to improve accuracy overtime.

Tableau, a Seattle-based business intelligence and analytics provider, announced this morning that it has acquired ClearGraph. Based in Palo Alto, Calif., ClearGraph provides smart data discovery and data analysis natural language query solutions. The purchase price has not been disclosed. ClearGraph was founded in 2014 by investment specialist Andrew Vigneault (CEO) and CTO Ryan Atallah. It is expected that ClearGraph's entire team will join Tableau and help integrate the technologies.

Nvidia, which has been diversifying into newer technologies including self-driving cars and artificial intelligence, originally came into prominence in the gaming industry for designing graphics processing chips, that are also used for cryptocurrency mining.

If you haven't heard, artificial intelligence (AI) startups are sort of a big deal. It's a tech category that has left the halls of academia in favor of entrepreneurs' innovative embrace. In turn, those entrepreneurs are holding their hands out to investors who have shown an increasing willingness to invest. Whether the current cohort of AI startups find market traction, and, eventually, the exits their backers anticipate, is an open question. Of course, for AI startups being funded, there are two paths to exit for founders and their investors: going public or being acquired.

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