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Jennifer Gill Roberts and Kelly Coyne believe in hardware. Yesterday, they announced the merging of their respective firms, Grit Labs and Pitch, to launch an institutional seed fund focused on AI and robotics. They are are keeping the name Grit Labs and kicking off the fundraising process with a $30 million target for their Fund I.
The two will focus future investments on B2B robotics. With offices in both San Francisco and Menlo Park, Coyne and Roberts will be leveraging their
expertise to get into the nitty gritty of hardware and engineering. “We’re not investing in gadgetry, IoT, or fitness bracelets,” said Coyne. “We’re very focused on AI-driven robotics, which is much more complicated from a software point of view.”
Are you one of the up to 143 million Americans who had their personal info. hacked in last week’s massive Equifax data breach? If so, help might come from an unlikely place — a chat bot.
DoNotPay, the bot originally created to help people contest parking tickets, has been programmed to sue Equifax on behalf of people who had their
data compromised in the breach. Users who access the bot online will see a prompt that says “Automatically sue Equifax for $15,000.” If they click, they will be taken to a page that lists New York, California, and other states where they can file a claim.
Cerebral palsy is the leading cause of childhood disability in the United States, affecting about 3.3 children per 1,000 births. The neurological disorder is a lifelong affliction that can have a devastating impact on an individual’s mobility, even when managed well with current physical and occupational therapies.
But a new robotic design could significantly improve mobility outcomes. A recent study in the journal Science Translational Medicine found that wearing a robotic exoskeleton – a leg brace powered by small motors – helped children achieve significant mobility improvement.
As a Data Science grad from NYU and a VC analyst, Justin Gage gets to see and evaluate a lot of startups that are involved with AI. He thinks that his industry doesn’t always do a stellar job at categorising, saying that “AI companies seem to get put together in large buckets without clear demarcations.”
To that end, he put together a useful blogpost trying to demarcate the different flavours of AI companies. Check it out here.
Core AI Companies (Data scrubbing and cleaning/Modelling/Deployment)
Application AI Companies (Analysing text, images, and video/Bots/Voice)
Industry AI Companies (Applying these techniques to specific business problems in specific verticals)
Yesterday, the Trump administration unveiled updated safety guidelines for self-driving cars aimed at clearing barriers for automakers and tech companies wanting to get test vehicles on the road.
The new voluntary guidelines announced by US Transportation Secretary Elaine Chao update policies issued last fall by the Obama administration, which were also largely voluntary. “We want to make sure those who are involved understand how important safety is,” Chao said during a visit to an autonomous vehicle testing facility at the University of Michigan. “We also want to ensure that the innovation and the creativity of our country remain.”
Liam Hänel (CEO and Co-Founder, Lyra) is at it again. In the third and final part of his series on AI tools, he focuses on industry specific tools which you can use today (check out part 1, part 2, and the continuation of part 2). Categories include:
The UK has sided with global robotics and AI experts in formally declaring that humans will always retain control over the country’s robotic weapons systems.
The announcement from the UK Ministry of Defense coincides with the Defense and Security Equipment International show, one of the biggest arms exhibitions in the world. Mark Lancaster, the minister for the armed forces, said: “It’s absolutely right that our weapons are operated by real people capable of making incredibly important decisions, and we are guaranteeing that vital oversight.