In its recently released fourth-quarter and full-year earnings report, NVIDIA (NASDAQ: NVDA) showed the world that it could continue to put up blockbuster revenue and earnings numbers. The company grew revenue 34% over the prior-year quarter, while data center revenue based on AI (artificial intelligence) produced triple-digit year-over-year growth for the seventh consecutive quarter. It also beat analysts' estimates on both its top and bottom lines to produce a record-setting quarter.
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.
Boat collision avoidance system maker Orca AI today announced the close of a $2.6 million funding round. The funding will be used to grow the company's engineering ranks and possibly open an office in Europe later this year. Orca uses a combination of thermal cameras, low-light cameras, and other sensors to keep ship operators aware of nearby ships and alert them about potential danger. Factors like weather conditions, radar data, and data from existing ship sensors also inform the object detection system trained with a combination of open source data, synthetic data from simulations, and data from initial trials that took place last fall. "Autonomous vessels will change the industry dramatically like autonomous cars," Orca AI CEO Yarden Gross told VentureBeat in a phone interview.
Apple will cut the price of some of its flagship iPhones for just the second ever time, as interest in buying them falls. The company is going to reduce the phones to the cheaper prices it used to charge in countries outside the US, instead of taking into acount the rising US dollar, it said. Apple has recently experimented with charging considerably higher prices for iPhones, especially in some countries around the world. With the iPhone X, it increased the cost of the flagship model considerably, and recent currency fluctuations meant that this year's phones were even more expensive. But now it will look to drop those prices so they are in line with last year's prices.
Light cofounder and CEO Dave Grannan raised $121 million for his imaging platform on the promise of its value to robotics, drones, and, especially, self-driving vehicles.Courtesy of Light In February, Dave Grannan, cofounder and CEO of imaging startup Light, flew to Tokyo to meet SoftBank's Masayoshi Son for the first time since beginning conversations with the Japanese billionaire's venture-capital arm. After two more meetings, in Tokyo and Silicon Valley, Son agreed to lead a massive $121 million investment in Light, through his SoftBank Vision Fund. Leica Camera also joined the deal. A big reason that Light was able to attract so much funding is the promise of robots, drones and, especially, self-driving cars. Light uses complex algorithms to combine images from multiple camera modules into a single, high-quality image with depth.