World’s Premiere Self-driving IPO: TuSimple Raises USD 1.35 Billion
On April 15, self-driving truck company TuSimple raised USD 1.35 billion with its NASDAQ IPO, with company valuation hitting USD 8.5 billion at high point.
Category: Industry
Global AI Industry updates.
Tech Giant Xiaomi Announces Ambition to Produce Electric Cars
Xiaomi, the Chinese electronics giant with a valuation over RMB 100 billion, has announced its entrance into the electric cars market on March 30th.
Scania and TuSimple Pilot Self-Driving Trucks in Sweden
Scania, the Swedish manufacturer of heavy lorries, trucks and buses, is testing L4 level self-driving trucks on the E4 motorway between Södertälje and Jönköping, in collaboration with San Diego-based company TuSimple.
Shanghai’s 2025 Ambition to Be the New Energy and Self-Driving Vehicles Hub
On February 25, the Shanghai Government announced its Implementation Plan for Accelerating the Development of the New Energy Automobile Industry (2021-2025).
JPMorgan Chase: Global Chip Demand is 10-30 Percent Higher Than Production Capacity
According to multiple investment institutions, the global chip shortage shows no signs of alleviation, despite of increasing demand in 2021.
Canadian Agritech Startup Farmers Edge Inc. Files IPO to Raise CAD 100 Million
Farmers Edge Inc, an AI startup to help growers increase crop yields, plans to go public on Canada’s largest Toronto Stock Exchange under the ticker symbol “FDGE”.
Swedish Telecom Giant Ericsson: 5G Users are Expected to Reach 3.5 Billion in 2026
At the Mobile World Congress held in Shanghai on February 28, Telecommunications company Ericsson revealed numbers for the fast-paced development of 5G networks.
Quicktron Accelerates Global Expansion After C Round Financing as Human Touch-Free Approach Gains Traction in Logistics
Quicktron completed a new C+ financing round led by KION Group and Prosperity7 Ventures, and proceeds will be used for global market expansion and further technical development.
Toyota Constructs Smart City at the Foot of Mount Fuji
On February 3, Japanese automotive manufacturer Toyota has began to construct a high-tech city at the base of Mount Fuji.
Dell Opens Global Innovation Facility in Singapore, the First Outside US
Dell Technologies has opened a new innovation facility in Singapore, to focus on R&D for edge computing, data analytics and augmented reality.
Baidu’s Revenue Hits RMB 100 Billion in 2020, Driven by AI Transitions
On February 18, Baidu released the 2020 full year and Q4 financial report, presenting revenue of RMB 107.1 Billion, and its net profit of RMB 22 billion.
Chinese AI Voice Recognition Star Unisound Withdraws IPO Request Three Months After Application
On February 19, Beijing-based AI startup Unisound has decided halted its IPO application to the Shanghai Stalk Exchange.
SAIC Joins Hand With Horizon Robotics for Autopilot Chips
On February 22, Chinese state-owned automotive company SAIC Motor announced that it has forged a comprehensive strategic cooperation with Horizon Robotics, an AI smart chip unicorn.
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Daimler Subsidiary Torc Robotics Adopts Amazon Cloud to Develop Autonomous Driving
Torc Robotics has selected Amazon Cloud Services (AWS) as its cloud service provider to meet large-scale data transmission, storage and computing speed requirements.
Huawei’s HMS for Car Partners with Mercedes Benz
Huawei and Mercedes-Benz S-Class are cooperating to provide car owners with the HMS for Car Huawei smart vehicle solution.
Apple Reveals Design of Its On-Device ML System for Federated Evaluation and Tuning
Apple has laid out the design characteristics of a new generic system that enables federated evaluation and tuning (FE&T) systems on end-user devices.
L.E.K. Consulting: Drones to Account for 30% of Deliveries by 2040
British consulting firm L.E.K. has released a recent research report stating that as unmanned technology and network scale greatly reduce costs, by 2040, drones may account for as much as 30 percent of same-day parcel deliveries.
Goldman Sachs Launches Marcus Invest Robo-Adviser
On February 16, Goldman Sachs announced that it is launching an automated wealth management platform to invest client funds in a portfolio of stocks and bonds.
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Chinese AI Chip Maker Horizon Robotics Bags USD 9M for Series C
According to statement on February 12, Chinese AI chip unicorn Horizon Robotics announces a third time series C financing.
Swiss Fragrance Giant Givaudan Acquires French AI Startup Myrissi
As part of the long-term strategy to “expand AI capabilities”, Swiss flavours and fragrance giant Givaudan announced that it will acquire the French company Myrissi.
Chinese AI Firm 4Paradigm Raises $700M for Series D
On January 22, Beijing-based AI firm 4Paradigm announced USD 700 million series D investments from Boyu Capital, Primavera Capital and Hopu Investments.
Japan: Harvesting Robots to Help Aging Farmers and Shortage of Labor
Recent footage shows agricultural robot co-developed by National Research Institute Agricultural Research Organization, Ritsumeikan University, and automobile parts manufacturer Denso harvesting apples in Japan’s orchards.
IBM Closes China Research Laboratory
IBM has closed off its Beijing-based China Research Laboratory (CRL) after 25 years of operation.
South Korea’s Gwangju City Applies AI to City Governance
According to reports on January 20, South Korea’s Gwangju is adopting integrated AI technology to help with city governance.
McGill Researchers Use AI to Manage Extreme Weather Events
On January 18, in efforts to understand and manage extreme weather events, McGill University announced a new interdisciplinary project to combine deep learning (DL) with social network analysis (SNA).
Trump Administration Cuts Off Licenses for Huawei Chips Suppliers Including Intel
According to a report from Reuters, the Trump administration has notified Intel among others, that their supplier licenses to Chinese telecommunication giant Huawei have been revoked.
Kenyan-Developed APP Utilizes ML to Predicate the Migration and Breeding of Locusts
Kuzi is using satellite data, soil sensor data, ground meteorological observation and machine learning technology trained on predict the locusts’ breeding, appearance and migration routes.
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2020 in Review With Tatsuya Nagata
Synced has invited Mr. Tatsuya Nagata, the COO of Navier Inc., to share his insights about the current development and future trends of artificial intelligence.
2020 in Review: 10 AI Failures
This is the fourth Synced year-end compilation of “Artificial Intelligence Failures.” Our aim is not to shame nor downplay AI research, but to look at where and how it has gone awry with the hope that we can create better AI systems in the future.
2020 in Review: 8 New AI Regulatory Proposals from Governments
As part of our year-end series, Synced has compiled a global list of proposals, rules and regulatory frameworks for AI introduced in 2020.
2020 in Review: 10 AI-Powered Tools Tackling COVID-19
As part of our year-end series, Synced highlights 10 AI-powered efforts that contributed to the fight against COVID-19 in 2020.
Baidu Releases ML Bio-computing Framework PaddleHelix
At the Wave Summit 2020 held on December 20, Baidu unveiled the company’s newest ML-based bio-computing framework named “PaddleHelix”.
IPU Maker Graphcore Raises USD222 Million in Series E Funding Round
Graphcore has announced that it has raised USD 222 million in a Series E funding round that will boost company value to USD 2.77 billion.
Singapore Coffee Shop Builds a Robot Barista With Intel AI
At Crown Coffee, a small-yet-homey coffee bar in downtown Singapore, the autonomous robot barista “Ella” never gets your order wrong.
AI “Sounce” is the Noise Detector to Porsche Cars
Porsche Digital, the subsidiary of the Stuttgart-based sports car manufacturer, has unveiled digital assistant ‘Sounce’ offers an improved ability to detect noise – for example, during vehicle component tests.
Zhengzhou China Launches Urban-Brain to Triage and Park 4.5 million Vehicles
China’s east-central city Zhengzhou has successfully used AI to triage parking for over 4.5 million vehicles in the area.
China Drafts 14th Five-Year Digital Economy Plan; AI Industry Scale in 1H 2020 Reach USD 11.7 Billion
China is accelerating the preparation of the “14th Five-Year” digital economy plan, which will be the country’s first designated plan for the digital economy.
IEEE: AI, ML, 5G and IoT will be the Most Important Technologies in 2021
Recent IEEE study released the results of a survey of Chief Information Officers and Chief Technology Officers in the U.S., U.K., China, India and Brazil.
ABB Shanghai Future Robot Factory to Open December Next Year with Production Capacity Reaching 100k Units
ABB announced an investment of RMB 1 billion to build a new robot super factory in Shanghai, which began construction in 2019.
AI Patent Application Exceeds 30,000 and 180 Universities Add AI Majors in China Last Year
Among the top 100 highly cited AI papers in the past five years, China’s output accounted for 21 and rank second globally.