Aurora Innovation – pressnews

[ad_1] AI Roundup: NITI Aayog VC advocates AI solutions for marine fisheries challenges; Government and industry collaborate on AI for public grievance resolution; AI model predicts COVID-19 fresh variant waves with 80% accuracy; Railways to utilise AI for crowd control during Prayagraj's Magh Mela- this and more in our daily roundup. Let us take a look.1. NITI Aayog VC advocates AI solutions for marine fisheries challengesArtificial intelligence (AI) can address challenges in marine fisheries, according to NITI Aayog Vice Chairman Suman Bery. Speaking at a workshop on the fisheries' potential, Bery emphasized the crucial role of technology as a growth driver. The VC highlighted the need for innovative strategies to meet rising fish demand, emphasizing that understanding demand dynamics...

[ad_1] Following the money and the footsteps leaving the autonomous-vehicle industry. Autonomous vehicle companies and suppliers have collectively spent around $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from robo-car services after all that cash incineration. This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80% this year. It's no wonder Intel just slashed the targeted valuation for its autonomous-driving business Mobileye to about $16 billion, a fraction of the more than $50 billion it reportedly had in mind 10 months ago. Cruise, owned by General Motors, raised money at a roughly $30 billion valuation early last year. In March, GM bought out SoftBank...

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