If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a $5.8 million Series A extension to scale its AI-based ship berthing monitoring and navigation systems to help cargo ships navigate safely and assist port operators anchoring their vehicles at harbor. The fresh funds, led by SoftBank Ventures Asia, bring Seadronix's the total round up to $8.3 million. Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its "smart ports" are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. A smart port uses technologies including AI, big data, Internet of Things and 5G to provide more security and save energy by digitalizing the way huge ships enter docks and handle logistics at the ports.
Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption. Interos Inc, Fero Labs, KlearNow Corp and others are using artificial intelligence and other cutting-edge tools so manufacturers and their customers can react more swiftly to supplier snarl-ups, monitor raw material availability and get through the bureaucratic thicket of cross-border trade. The market for new technology services focused on supply chains could be worth more than $20 billion a year in the next five years, analysts told Reuters.
Venture capital firms are eager to allocate money into robotics firms in a wide range of industries from shipping to healthcare as more automation became a focus during the global pandemic. In 2021, funding globally for robotics and drone companies rose to $14.9 billion, according to PitchBook. The amount of funding raised for robotics in 2022 has been steady. By January, VCs allocated $560 million of funding into robotics startups, excluding the round for Wandelbots, a German industrial robotics company that raised $84 million for its Series C round in January. The funding for the company's no-code platform came from U.S. investor Insight Partners, which led the round and was also supported by its existing backers - Microsoft (MSFT) - Get Microsoft Corporation Report, 83North, Next47, Paua, Atlantic Labs and EQT.
Due to mobility restrictions and limited supplies of essentials, the pandemic highlighted the importance of commercial vehicle fleets. It also emphasized the importance of technological solutions for effectively managing commodities movement. According to Fortune Business Insights, the global fleet management software industry will develop at a compound annual growth rate (CAGR) of 18.3 percent between 2022 and 2029. Fleet-tech is about utilising the capabilities of the Internet of Things (IoT) and Artificial Intelligence (AI) to achieve efficiency (AI). The drivers, their "khalaasis" (navigators), fleet managers, and fleet owners are at the heart of commercial fleets.
To further strengthen our commitment to providing industry-leading coverage of data technology, VentureBeat is excited to welcome Andrew Brust and Tony Baer as regular contributors. COVID-19 has led to a dramatic acceleration in the adoption and implementation of digital transformation initiatives. Nowhere was this more obvious than in customer experience (CX). Organizations have been quick to adopt new technologies such as chatbots powered by artificial intelligence (AI) to fulfill customer expectations of timely response to queries and problem resolution. Chatbots are an example of how AI can be used to augment human capabilities, providing a convenient way for customers to interact with organizations 24/7.
A US-based well-funded pizza delivery startup service wanted to predict the ingredients that make up the most popular orders at any given location and predict the denser location. Experts from Frost Digital Ventures built and deployed a system that predicted demand at the ingredient level relative to each market location. This helped the pizza delivery team determine the most effective place for their orders and the most preferred meal by the customers. With the system, the number of accepted orders increased. There was a reduction in food waste because of proper inventory management.
Residents of Japan's remote Gotō Islands will have new access to medical supplies. The route comes via a partnership with Toyota Tsusho Corporation, a member of the Toyota Group, and Zipline, a drone logistics company. The rollout is the latest in a long line of international firsts for drone delivery that seems to be pointing toward a nearby future of routinized aerial delivery. Zipline's fixed-wing drones drop packages via parachute. This lineup of aerial hardware fits a variety of enterprise photography and video use cases.
Beijing (Gasgoo)- The Nasdaq-listed autonomous driving company TuSimple has entered into strategic cooperation with China's LiDAR supplier, RoboSense, TuSimple announced on April 14th. Per the cooperation, the two companies will focus on deploying RoboSense's RS-LiDAR-M1 intelligent solid-state LiDAR onto TuSimple's L2 and L4 autonomous commercial vehicles. The partners will work on mass-producing ADAS and autonomous driving system, and explore the potential of a high-performance, auto-grade, and production-ready integrated LiDAR perception solution under logistics scenarios. All in all, TuSimple believes that the cooperation will help accelerate the large-scale commercialization expansion of its autonomous commercial vehicles and AFN technology. In December last year, TuSimple had successfully completed the world's first fully autonomous test on open roads with its driverless heavy-duty trucks, without safety drivers or any other human interventions.
Machine Learning (ML) is revolutionizing the way of doing business at a global scale. Do you want to help us to shape the future together? We value humility and we're as interested in your character as we are in your talent. Please apply, even if you feel you only meet part of our listed criteria. Diversity drives innovation and we offer an international and friendly work environment with an energetic company culture. Just be yourself and maybe you'll bring something valuable to the role we didn't initially think of.