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Category: business – Page 195

Locus Robotics raises another $40M as retailers increasingly look to automate

The COVID-19 pandemic will have a profound impact on robotics, as more companies look to automation as a way forward. While wide-scale automation had long seemed like an inevitability, the pandemic is set to accelerate the push as corporations look for processes that remove the human element from the equation.

Of course, Locus Robotics hasn’t had too much of an issue raising money previously. The Massachusetts-based startup, which raised $26 million back in April of last year, is adding a $40 million Series D to its funds. That brings the full amount to north of $105 million. This latest round, led by Zebra Technologies, comes as the company looks to expand operations with the launch of a European HQ.

“The new funding allows Locus to accelerate expansion into global markets,” CEO Rick Faulk said in a release, “enabling us to strengthen our support of retail, industrial, healthcare, and 3PL businesses around the world as they navigate through the COVID-19 pandemic, ensuring that they come out stronger on the other side.”

IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle

The current health crisis has snowballed into a world economic crisis, where every old business norm has been challenged. In such times, we cannot fall back on old ways of doing our business. Today, three technologies

Internet of Things(IoT), Artificial Intelligence (AI), and blockchain are poised to change every aspect of enterprises and our lives. Now more than ever, organisations realise the pertinent need for a robust digital foundation for their businesses as their future plans have been disrupted. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence,” Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle told Moneycontrol in an interview:

How is India reacting to emerging technologies as compared to other Asia Pacific (APAC) regions?

Volkswagen T2 Camper Van Electric Conversion

A couple of months ago I introduced you to a UK company that converts classic cars to electric propulsion. The company, named eDub Services, was founded by a young man named Kit Lacey, and since my piece on his business, he and I have been in conversation about this fascinating field of entrepreneurship. I have an old Volvo 240 in my garage that one day will need an electric drivetrain for sure, so getting acquainted with someone like Kit is a good bet.

I talked to Kit about the concrete and chronological information on his rebuilds and how we could make it accessible for all of us curious about how such projects can be carried out. This series is the result, in Kit Lacey’s own words. So let’s begin at the beginning.

It all started with a road trip. All the best ideas do, in my opinion. Driving down the A1 with my mum in the driver’s seat and my wife in the back. The year is 2013. “How hard would it be to convert a camper van to electric?” I ask my mum. “Not too hard,” she replied. … Maybe a strange question to ask, but there is some context.

SpaceX’s pioneering astronauts board the International Space Station

Following a dramatic launch, 19-hour voyage and successful docking procedure, pioneering astronauts Robert Behnken and Douglas Hurley have left the Crew Dragon and are now aboard the International Space Station (ISS). The pair emerged from the Crew Dragon capsule at around 1:15 PM ET and were greeted with bear hugs by astronaut Christopher Cassidy and cosmonauts Anatoli Ivanshin and Ivan Vagner. While describing the ride as less smooth than the space shuttle, Hurley said he “couldn’t be happier” about the Crew Dragon’s performance.

The astronauts, who christened the Crew Dragon “Endeavor,” chatted with NASA executives after their arrival. “It’s great to get the United States back in the crewed launch business,” said Hurley. “And we’re just really glad to be onboard this magnificent complex.” Earlier, SpaceX founder Elon Musk said he was “quite overcome with emotion,” adding “this is hopefully the first step on a journey towards civilization on Mars.”

Post-coronavirus fate differs among Shenzhen tech startups

GUANGZHOU/TOKYO — Tech startups in Shenzhen, known as China’s Silicon Valley, are set to experience a range of outcomes as the novel coronavirus pandemic appears to near its end, with some seeing their businesses thrive while others face headwinds following significantly reduced investment.

AI and robot companies feel positive impact, while some face harsh climate.

European R&D review finds lagging high-tech performance despite major science investment

To encourage businesses to invest in new technologies, the European Union funds industrial research partnerships worth billions of euros in fields such as clean aviation and hydrogen fuel cells. It also offers direct grants to tech startups, and when Horizon Europe launches next year, it plans to offer them equity investments, too.

Report says scientific output is not translating into innovation.

Executing low-power linear computations using nonlinear ferroelectric memristors

Researchers at Toshiba Corporate R&D Center and Kioxia Corporation in Japan have recently carried out a study exploring the feasibility of using nonlinear ferroelectric tunnel junction (FTJ) memristors to perform low-power linear computations. Their paper, published in Nature Electronics, could inform the development of hardware that can efficiently run artificial intelligence (AI) applications, such as artificial neural networks.

“We all know that AI is slowly becoming an important part of many business operations and consumers’ lives,” Radu Berdan, one of the researchers who carried out the study, told TechXplore. “Our team’s long-term objective is to develop more efficient hardware in order to run these very data-intensive AI applications, especially neural networks. Using our expertise in novel memory development, we are targeting (among others) memristor-based in-memory computing, which can alleviate some of the efficiency constraints of traditional computing systems.”

Memristors are non-volatile electrical components used to enhance the memory of computer systems. These programmable resistors can be packed neatly into small but computationally powerful crossbar arrays that can be used to compute the core operations of , acting as a memory and reducing their access to external data, thus ultimately enhancing their energy efficiency.

PETER VOSS — Could AGI Cure Aging?! (#003)

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Moderna execs dumped nearly $30 million of stock after news of promising coronavirus vaccine

Moderna’s stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits.

Moderna’s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday, SEC filings reviewed by CNN Business show.

The sales occurred after Moderna (MRNA) excited Wall Street before markets opened Monday by announcing encouraging vaccine trial results. Moderna’s market value swelled to $29 billion — even though the company has no marketed products.