 Hey Insiders! We have a brand new LIVE INTERVIEW SERIES premiering on Jan. 4, 2022. Allow us to introduce Venturing In VC, hosted by Inside.com's Landon Campbell. Join Landon as he interviews influential venture capitalists about their routines, journeys, and lessons learned along the way. Catch a sneak preview and don't miss a live interview. Sign up today: https://live.inside.com/vivc | | |
Forbes has opened up nominations for its fourth annual AI 50, the list of private North American companies that are using AI in fundamental and transformative ways. The magazine and VC firm Sequoia Capital will evaluate nominees in areas including revenue growth, talent, and valuation, it said. More: - Furthermore, a judging panel will consider if AI plays an essential and central role in each business, which will further determine its placement on the editorial list.
- The deadline to submit free nominations is 6 p.m. PST Friday, Jan. 21, 2022.
- This year's AI 50 had 37 companies from the Silicon Valley/theSan Francisco Bay Area. All are privately held and use machine learning, natural language processing, and/or computer vision in some way.
- Trends this year included more AI workbench companies, like Dataiku and Databricks, which sell AI-based platforms to various enterprises. Healthcare and biotech research, robotics, computer vision, NLP, and autonomous vehicles firms were also represented.
FORBES | |
Hyundai's IONIQ 5 robotaxi Uber plans to launch a semi-autonomous food delivery pilot with Hyundai and Aptiv's self-driving venture Motional next year. Motional will use its retrofitted Hyundai Ioniq 5 robotaxis to deliver curated restaurant meal kits to Uber Eats customers in Santa Monica, Calif. More: - Motional said the pilot will launch in "early 2022" and only use vehicles with backup safety drivers.
- It marks Motional's entrance into food delivery service using its SAE Level 4 vehicles.
- The company, in partnership with Lyft, has been testing its autonomous robotaxis and technologies in Las Vegas over the past four years.
- In November, Lyft and Motional announced plans to launch a driverless, commercial ride-hailing service in the city by 2023.
Note: Inside.com's founder and CEO, Jason Calacanis, is an investor in Uber. REUTERS | |
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France is the latest country to order facial recognition company Clearview AI to delete the data of its citizens. France's privacy regulator, CNIL, said U.S.-based Clearview violated Europe's General Data Protection Regulation (GDPR) by storing and processing people's images taken from the internet. More: - CNIL ordered Clearview to stop processing the data and delete it from its system or be subject to fines and further regulatory action.
- In response, Clearview CEO Hoan Ton-That said in a statement that the company isn't subject to GDPR laws because it doesn't have a base or customers in France or the EU.
- Reports noted that other EU regulators could follow if France's complaint against Clearview is successful.
- The company is currently appealing a possible $23M fine and finding that it violated U.K. data protection laws.
- The Information Commissioner's Office issued a notice last month to Clearview to stop processing the data of U.K. citizens and delete all the data it has collected so far.
TECHCRUNCH | |
A machine learning algorithm developed by University of Exeter researchers can predict if a person will develop dementia within two years at up to 92% accuracy. The researchers trained the AI system using 10 years of data from 15,300 U.S.-based patients. More: - The data came from individuals who attended 30 National Alzheimer's Coordinating Center memory clinics.
- From 2005-2015, one in every 10 attendees received a diagnosis of dementia within two years.
- The approach also identified patients who were misdiagnosed more than 80% of the time, according to the university's Professor David Llewellyn, who led the study.
- The researchers are planning additional studies to assess whether the ML method can be used in actual clinics.
- Their findings were published in JAMA Network Open.
UNIVERSITY OF EXETER | |
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AI sentiment insight firm Signal AI closed a $50M round to continue developing its AI platform and predictive analytics for businesses. The London-based company specializes in "decision augmentation" to help enterprises track brand perception, customer sentiment, supply chains risks, and regulatory developments over time. More: - The investment round was led by Highland Europe, with participation from ABRDN and existing investors.
- Signal says its AI platform amasses data from web filings, news articles, and other documents to uncover patterns in data.
- Its customers can apply natural language processing to the data to find specific "items of interest."
- It plans to use the funding to hire 100 employees, develop its APIs, and diversify the data sources it uses for additional insights.
- It counts Google, Exxon Mobil, Deloitte Touche Tohmatsu Ltd., and Bank of America Securities among its 700+ clients.
SIGNAL AI BLOG | |
AI drug discovery firm Insilico Medicine launched its first human trial of an AI-designed drug candidate that could help treat idiopathic pulmonary fibrosis. The rare lung disease affects an estimated 20 people out of every 100,000 worldwide. More: - The small molecule drug candidate, called ISM001-055, was developed using Insilico's Generative Tensorial Reinforcement Learning, or GENTRL, machine learning model.
- Insilico says it's the first time a drug candidate discovered entirely from AI has reached human trials.
- The process cost $2.6M and took fewer than 18 months to reach the preclinical stage.
- In June, Hong Kong-based Insilico announced it had raised $255M to help it move into clinical trials and launch additional research programs.
- The AI drug discovery market has attracted hefty interest from investors.
OUTSOURCING PHARMA | |
QUICK HITS - Wonder Dynamics, a platform that uses AI and the cloud to create high-level visual effects, raised a $10M Series A before its expected launch in 2022.
- Microsoft Azure Space's new feature, SpaceEye, uses AI to predict what Earth looks like without cloud cover.
- NFL quarterback Dak Prescott said the AI-powered workout machine OxeFit XP1 helped him recover more quickly from his broken ankle.
- Waymo confirmed that one of its autonomous vehicles struck a pedestrian on Wednesday night in San Francisco. The car was in manual mode when the collision occurred.
- Autonomous vehicle company Aurora announced a partnership to integrate Uber Freight's network into its Horizon system, which offers hauling services.
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| | Beth is an Inside Analyst and a former public policy/investigative reporter. She has covered AI, VR, technology, and e-commerce for Inside. When she's not busy writing, she's hiking in Arizona's desert, playing pickleball, or trying out new Mexican food recipes. | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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