TREND REPORTS
Wayve Raises Over $1 Billion Led by SoftBank to Develop Embodied AI Products for Automated Driving
[Investing]
2024/05/07 09:07
Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank Group. This is the U.K.’s largest AI fundraise ever and sits among the top 20 AI fundraises globally to date.Also participating in the raise was Nvidia and existing investor Microsoft. Waye’s early-stage investors included Met...
Nestlé, The World’s Largest Food Company, is Struggling
[Business]
2024/05/07 09:06
When we talk about Nestlé, it’s usually tricky to pin down one reason for its performance considering that the conglomerate has a sprawling portfolio of 2,000+ brands, selling everything from cat food to candy. If some brands are doing poorly, others are typically doing well, and vice versa.But in Q1, the Swiss-based packaged food giant reported a 6% decline in revenue. That was partially due...
Microsoft Taps Sanctuary AI for General-Purpose Robot Research
[Product]
2024/05/07 09:05
Microsoft, it seems, is hedging its bets when it comes to general-purpose robotics AI. At the end of February, the Windows maker spearheaded a massive $675 million Series B in Bay Area-based Figure. Today, the tech giant announced a collaboration with Figure competitor Sanctuary AI, best known for its humanoid robot, Phoenix.The Sanctuary partnership really gets to the heart of Microsoft’s int...
Live Music Industry Shatters Records in Post-Covid Comeback
[Business]
2024/05/07 09:04
Three years after Covid-19 temporarily muted live music around the world, the industry shattered its previous record in 2023. According to Pollstar, a company that has tracked the live entertainment industry for decades, the 100 largest tours of 2023 grossed more than $9 billion, exceeding the previous record, set in 2022, by almost 50 percent. The historic result was achieved thanks to a combi...
Tesla Will Launch Humanoid Robots by 2025, Says Elon Musk
[Business]
2024/05/07 09:03
Elon Musk announced Tesla's Optimus robot, claiming it could be sold by late 2025 and eventually surpass Tesla's car sales in revenue. Musk's bold statement, though ambitious, received mixed reactions from experts. While some believe the timeline is feasible, others question the practicality and reliability of humanoid robots. Key concerns include the robots' functionality, reliability, and rea...
(Patent) Disney’s AI-Powered Memory
[Tech]
2024/05/06 09:10
Disney wants to bring a little AI into the happiest place on Earth. The entertainment giant filed a patent application for “AI generated creative content based on shared memories.” Disney’s patent aims to use AI to create personalized content and experiences in several different contexts, with guests' memories as the model’s fodder. Disney’s patent aims to use AI to create music and conten...
(PDF) WEF - Shaping The Future of Learning : The Role of AI in Education 4.0
[Business]
2024/05/06 09:09
This report explores the potential for artificial intelligence to benefit educators, students and teachers. Case studies show how AI can personalize learning experiences, streamline administrative tasks, and integrate into curricula. This report explores the potential for artificial intelligence to benefit educators, students and teachers. Case studies show how AI can personalize learning exper...
Apple Targets Google Staff to Build Artificial Intelligence Team
[Business]
2024/05/06 09:08
A new report today says that Apple has created a ‘secretive’ advanced AI lab in Europe, and it’s this facility which is responsible for some of its most ground-breaking artificial intelligence work.The same report suggests that most of Apple’s AI specialists have been poached from Google, though this isn’t a great surprise give the background of the Cupertino company’s AI chief …Advanced...
Generation Z is Unprecedentedly Rich
[Consumer]
2024/05/06 09:07
Millennials were poorer at this stage in their lives. So were baby-boomers.Generation z is taking over. In the rich world there are at least 250m people born between 1997 and 2012. About half are now in a job. In the average American workplace, the number of Gen Z-ers (sometimes also known as “Zoomers”) working full-time is about to surpass the number of full-time baby-boomers, those born fro...
