Data is the fuel for machine learning, but the data needs to be accurately labeled for the machines to learn. To that end, data training startup Dataloop yesterday unveiled that it's received $11 million in Series A funding to build SaaS data pipelines that combine human supervision of the data annotation process, along with data management capabilities. Today's computer vision models are extremely powerful, and the ones based on deep learning approaches can exceed human capabilities. From self-driving cars navigating in the world to programs that can accurate diagnose diseases in MRI images, the potential uses for Ais built upon convolutional neural networks are astonishingly wide. However, there's a catch (there always is).
It was reported that Venture Capital investments into AI related startups made a significant increase in 2018, jumping by 72% compared to 2017, with 466 startups funded from 533 in 2017. PWC moneytree report stated that that seed-stage deal activity in the US among AI-related companies rose to 28% in the fourth-quarter of 2018, compared to 24% in the three months prior, while expansion-stage deal activity jumped to 32%, from 23%. There will be an increasing international rivalry over the global leadership of AI. President Putin of Russia was quoted as saying that "the nation that leads in AI will be the ruler of the world". Billionaire Mark Cuban was reported in CNBC as stating that "the world's first trillionaire would be an AI entrepreneur".
Wayve, a U.K.-based startup that's developing artificial intelligence (AI) that teaches cars to drive autonomously using reinforcement learning, simulation, and computer vision, has raised $20 million in a series A round of funding led by Palo Alto venture capital (VC) firm Eclipse Ventures, with participation from Balderton Capital, Compound Ventures, Fly Ventures, and First Minute Capital. Several notable angel investors also participated in the round, including Uber's chief scientist Zoubin Ghahramani and Pieter Abbeel, a UC Berkeley robotics professor and pioneer of deep reinforcement learning. Founded out of Cambridge, U.K., in 2017, Wayve's core premise is that the big breakthrough in self-driving cars will come from better AI brains rather than more sensors or "hand-coded" rules. The company said that it trains its autonomous driving system using simulated environments and then transfers that knowledge into the real world, where it emulates how humans adapt to conditions in real time. Wayve's systems learn from each safety driver intervention to understand why the driver had to intervene, bypassing HD maps, lidar, and other sensors that have become synonymous with the burgeoning autonomous vehicle movement.
Deep learning computer vision startup allegro.ai is set to showcase its latest product offering, hosted at the Intel partner booth (booth #307), during the Embedded Vision Summit which will take place in Santa Clara, California on May 20-May 23, 2019. The company's platform and product suite simplify the process of developing and managing deep learning-powered perception solutions - such as for autonomous vehicles, medical imaging, drones, security, logistics and other use cases. The platform enables engineering and product managers to get the visibility and control they need, while research scientists focus their time on research and creative output. The result is meaningfully higher quality products, faster time-to-market, increased returns to scale, and materially lower costs. The company's investors include Robert Bosch Venture Capital GmbH, Samsung Catalyst Fund, Hyundai Motor Company, and other venture funds.