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5 things about AI you may have missed today: Foxconn, Nvidia to build AI factories, IBM’s AI pact with India, more

18Oct

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Technology

5 things about AI you may have missed today: Foxconn, Nvidia to build AI factories, IBM’s AI pact with India, more

[ad_1] In what proved to be an interesting day big steps were taken in furthering the advancement of artificial intelligence. In the first incident, Foxconn and Nvidia partnered up to set up AI factories to create a range of products including self-driving cars. In other news, IBM has signed three different agreements with the IT Ministry in the space of semiconductors, AI, and quantum computing. This and more in today's AI roundup. Let us take a closer look.Nvidia, Foxconn to set up AI factoriesTaiwan's Foxconn and Nvidia have revealed plans to collaborate on the construction of a new AI-powered data center, reported Reuters. This facility will incorporate Nvidia chips and software designed for a diverse array of applications, including self-driving cars. This announcement was made dur...

Killing machines! Legendary Apple cofounder says AI in Elon Musk’s Tesla cars can KILL people

[ad_1] Elon Musk-led Tesla is going through a rough period. Yesterday, May 12, safety regulators in China ordered the EV maker to recall 1.1 million vehicles due to an issue in its regenerative braking system. Earlier, questions were raised on its full-self-driving system after Tesla was forced to recall 363000 cars after US safety regulators found that the car did not follow speed limits around intersections. To make matters worse, in a recent interview, Apple cofounder Steve Wozniak criticized Tesla's AI technology and said that it can potentially kill people. Wozniak famously cofounded Apple along with the celebrated Steve Jobs.From Friend To Foe?In an interview with CNN, Wozniak said that he was an admirer of Elon Musk for the role he played in pushing consumers towards electric veh...

Driverless Car Development Sets Ablaze a Bonfire of Billions

[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...