Praveen chintu

Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column, Perceptron (previously  Deep Science ), aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artificial intelligence — and explain why they matter. This week in AI, engineers at Penn State announced that they’ve created a chip that can process and classify nearly two billion images per second. Carnegie Mellon, meanwhile, has signed a $10.5 million U.S. Army contract to expand its use of AI in predictive maintenance. And at UC Berkeley, a team of scientists is applying AI research to solve climate problems, like understanding snow as a water resource. The Penn State work aimed to overcome the limitations of traditional processors when applied to AI workloads — specifically recognizing and classifying images or the objects in them. Before a machine ...

LG Electronics has acquired AppleMango, a South Korean electric vehicle battery charger developer, as the race to produce everything related to EVs ramps up globally. The acquisition, which was made jointly with GS Energy, an EV charging station operator, and GS Neotek, an IT provider, will allow LG to take advantage of future business opportunities, the company said . “The EV charging market is expected to grow rapidly due to the surging demand for more eco-friendly vehicles,” said Paik Ki-mun, senior vice president of LG Electronics in a statement. “Leveraging our know-how and experience in the B2B sector, we will offer customized, integrated vehicle charging solutions for diverse customers, enhancing the competitiveness of our existing and ensuring our readiness for future opportunities.” LG Electronics acquired a 60% stake while GS Energy and GS Neotek took over 34% and 6%, respectively, in AppleMango, which will become a subsidiary of LG Electronics following the deal. The compa...

These goals include the doubling of climate tech applied studies, patents, startup companies, and pilot projects carried out on state infrastructure, increasing the number of fundraising deals and Israeli venture capital funds specializing in climate technologies, and the promotion of joint research with other countries. from Gadgets Now https://ift.tt/mpzhW1n

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Logistics in much of Southeast Asia is not only complicated, but also expensive. Deliveree wants to solve that problem with a platform that not only lets clients book trucks, but also uses algorithms to determine the best route based on location, trucking loads and even the weather. The company announced today that it has raised a $70 million Series C led by Gobi Partners and SPIL Ventures, with participation from returning investor Inspire Ventures. This brings the company’s total raised so far to $109 million since it was founded in 2015. The high cost of logistics means consumers end up paying higher prices, said founder and CEO Tom Kim. “The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. Imagine you’re in California, Los Angeles, and buying a pair of Nike shoes. What portion of that sales cost is spent on logistics and transportation and warehousing? The answer is very well-documented. It’s about 8%. If yo...

Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her “Your First Million” podcast that was published Sunday. The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios. This workforce reduction further underscores that the venture capital firm is struggling to grow, both externally and internally. “It’s not that I feel like there’s any sort of failure on the fund side, on the firm’s side, on Backstage’s side, it’s that this could have been avoided if systems were different if the system we work within were different,” Hamilton said during the podcast. Hamilton did not respond to TechCrunch’s request via email for further comment. Backstage announced in March it was pivoting to fund only existing portfolio companies and would no longer make new investments. At the time, Hamilton said that “there will be peopl...

Despite all the controversy surrounding the crypto world, one obvious bright spot of blockchain technology has been its ability to support creators and artists in monetizing their work. Rapper and visual artist Latashá , our guest on the latest episode of the Chain Reaction podcast, is a living embodiment of web3’s potential to support independent artists. She minted and successfully sold her first NFT in 2021 of a music video she had made — her first foray into the web3 world. Since then, she’s sold NFTs of her work for tens of thousands of dollars and has become a highly visible advocate for artists to leverage web3 technology. She serves as head of community at NFT marketplace Zora, through which she has hosted her signature event, Zoratopia, all over the country to educate artists interested in getting into the space. You can listen to the full episode below: For artists, the value proposition of minting NFTs is “just like putting things up in an art gallery,” Latashá said. “...