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NVIDIA Launched TensorRT8 For Faster Artificial Intelligence Inference

NVIDIA Launched TensorRT8 For Faster Artificial Intelligence Inference

NVIDIA has recently announced that it has launched its new TensorRT8 that will enable faster artificial intelligence inference. 

The new platform will allow enterprises to build artificial intelligence-powered interactive language applications like search engines and chatbots on cloud. The eighth generation of NIVIDIA’s artificial intelligence software TensorRT8 will be available to all the NVIDIA developers at no extra cost. The new updated software has the capability to reduce latency to 1.2 ms and will also deliver two times more accuracy for INT8 precision with Quantization Aware Training. 

NVIDIA’s vice president of developer programs, Greg Estes, said, “Artificial intelligence models are growing exponentially more complex, and worldwide demand is surging for real-time applications that use AI. That makes it imperative for enterprises to deploy state-of-the-art inferencing solutions.” 

Read More: WeRide Acquired Self-Driving Autonomous Trucking Company MoonX.AI

He further added that the latest version of the software would enable enterprises to develop highly responsive conversational artificial intelligence programs for their customers. NVIDIA’s software is being used by enterprises of various industries like manufacturing, automobile, healthcare, finance, and communication. 

NVIDIA has optimized its transformers to enable TensorRT 8.0 to attain best-in-class speed. The company has also introduced a new Graphic Processing Unit architecture called Sparsity that reduces computational operation to increase the speed of neural networks. 

Jeff Boudier, product director of Hugging Face, said, “We’re closely collaborating with NVIDIA to deliver the best possible performance for state-of-the-art models on NVIDIA GPUs.” he also mentioned that the company’s accelerated API delivers hundred times speedup for transformer models that use NVIDIA GPUs. 
WeChat, one of China’s largest messaging platforms, used NVIDIA’s Tensor platform to develop its search engine that has a user base of more than 500 million users. WeChat officials said that they were able to achieve a reduction of 70% in computational resources using NVIDIA’s artificial intelligence-powered platform.

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WeRide Acquired Self-Driving Autonomous Trucking Company MoonX.AI

Weride Acquired MoonX.AI

Chinese startup WeRide recently announced that it had acquired an autonomous trucking company named MoonX.AI. With this acquisition, the self-driving vehicle manufacturing company WeRide plans to speed up its research and development process in order to commercialize its product quickly. 

The company also wants to expand its presence to different regions of China. There is intense competition in the Chinese autonomous vehicle market as many companies like Pony.ai and AutoX have started testing prototypes on the streets of China. 

No official information has been provided regarding the valuation of the acquisition deal. A statement mentioned that the founder and CEO of MoonX.AI, Qingxiong Yang, will be joining WeRide as the Vice President. The Guangzhou-based startup MoonX.AI will bring fifty highly skilled engineers to the WeRides team in order to work on autonomous driving technology. 

Read More: US Department Of Defense Is Racing Against China To Stay Ahead In Artificial Intelligence

WeRide is a Guangzhou-based self-driving vehicle developing company founded by Qing Lu, Tony Han, and Yan Li in 2017. It has received total funding of $620 million from investors like Renault, Mitsubishi, Nissan, and Yutong Group. 

Two years earlier, the company launched its fully autonomous robot taxi service in China. The taxi service operates within a range of 144 square kilometers in Guangzhou city. Till date, the taxis have served more than 60000 customers and have completed 147,128 trips. 

CEO of WeRide, Tony Han, said, “MoonX has a team of talented engineers with substantial experience in autonomous driving technology development and commercialization. The acquisition of MoonX enables us to build an even stronger team and attract the best talents in the industry.” 

He further added that MoonX.AI’s expertise would help them develop new autonomous driving products. After the acquisition, the market value of WeRide has increased to $3.3 billion.

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Mobileye Starts Testing Autonomous Driving Vehicles In New York City

Mobileye Starts Testing Autonomous Driving Vehicles In New York City

Mobileye has recently announced that it has started to test its vision-based autonomous driving vehicles in New York, United States. Mobileye became the first company to receive a permit from the US government to test autonomous cars in New York. 

The heavy traffic of the city is helping Mobileye’s artificial intelligence-powered vision-based platform to learn and improve its algorithms from human drivers. States like California had issued permission to numerous companies to test self-driving vehicles, but New York has strict rules regarding car testing. 

President and CEO of Mobileye, Prof. Amnon Shashua, said, “Driving in complex urban areas such as New York City is a crucial step in vetting the capabilities of an autonomous system and moving the industry closer to commercial readiness.” 

Read More: OpenAI Shuts Down Its Robotics Team Due To Lack Of Data

Mobileye is a subsidiary of Intel based in Jerusalem that specializes in developing artificial intelligence-powered diver assistance solutions and manufacturing self-driving cars. It was founded by Shashua in 1999 and has an annual revenue of more than $1 billion. 

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In a media event, Shashua mentioned that they are progressing rapidly towards the commercial deployment of autonomous vehicles. The company’s autonomous vehicle uses advanced vision systems to drive through highly congested areas. 

The cars are also equipped with LIDAR and Radar systems to ensure a multi-level safety of passengers. According to the company’s press release, its self-driving prototype can analyze the behavior of pedestrians to make informed decisions regarding its movements. 

The vehicle is also capable of double parking from taking clues from other road users. The company has released a forty-two minutes long video of its autonomous vehicle prototypes driving in New York city during both day and night time. The video shows that the vehicle is capable of operating in challenging weather conditions like heavy rainfall. 

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OpenAI Shuts Down Its Robotics Team Due To Lack Of Data

OpenAI Shuts Down Its Robotics Team Due To Lack Of Data

The San Francisco-based artificial intelligence startup OpenAI recently announced that it had to shut down its robotics team as they face severe unavailability of usable data. 

Co-founder of OpenAI Wojciech Zaremba said in a statement that the company no longer plans to carry out research on integrating machine learning into physical machines but would now focus on other aspects of artificial intelligence. 

He said, “I was actually working for several years on robotics. Recently, we changed the focus at OpenAI. I disbanded the robotics team.” The artificial intelligence firm thought that it would be able to achieve breakthroughs in artificial general learning through self-generated data, but unfortunately, the plan didn’t work out. 

Read More: Artificial Intelligence Can Now Be Used To Convert Brain Waves Into Text

OpenAI now plans to work on other related domains, which have adequate available data. After successfully completing the Rubik’s cube project for reinforcement learning, the tech-enterprise has decided to stop conducting robotic research and focus on reinforcement learning through human feedback. 

They believe it is a faster and better way to bring advancement in the artificial intelligence sector. Zaremba also said, “The sad thing is if we were a robotics company, the mission of the company would be different, and I think we would continue. I believe quite strongly in the approach that the robotics team took and the direction.” 

The startup’s robotics team could not make much progress towards OpenAI’s primary goal of developing artificial general intelligence (AGI). OpenAI was founded by Elon Musk, Sam Altman, Ilya Sutskever, and Wojciech Zaremba in 2015. 

The startup is considered to be a competitor of Alphabet’s DeepMind and specializes in conducting research in the field of artificial intelligence to develop solutions that would benefit society as a whole. 

Earlier this year, the company’s CEO, Sam Altman, announced that OpenAI had released a $100 million fund for startups.

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Artificial Intelligence Can Now Be Used To Convert Brain Waves Into Text

Artificial Intelligence Can Now Be Used To Convert Brain Waves Into Text

Researchers have recently developed an artificial intelligence-powered solution capable of covering brain waves into text. According to the New England Journal of Medicine, the research was conducted at the University of California, where a paralyzed man’s brain waves were analyzed and were translated into text, enabling the man to communicate with others. 

This new groundbreaking artificial intelligence technology will enable individuals who have complete body paralysis to interact with everyone. Edward Chang, a senior author, said, “To our knowledge, this is the first successful demonstration of direct decoding of full words from the brain activity of someone who is paralyzed and cannot speak.” 

He also mentioned that this study would help scientists restore communication using the human brain’s natural speech machinery. Researchers used a neuroprosthetic device to check whether the paralyzed individual had an active neural activity in parts of his brain that process speech. 

Read More: US Department Of Defense Is Racing Against China To Stay Ahead In Artificial Intelligence

The person lost his ability to speak in 2003 after a severe car accident that left him paralyzed. Scientists analyzed the participant’s brain waves when asked to respond to certain words for a period of four months before developing their new solution. 

Once the data was analyzed, it was fed to a custom software that would generate text by capturing real-time brain waves. Researchers used thirty-two NVIDIA’s V100 Tensor core GPUs and TensorFlow framework to develop and fine-tune the technology. 

Sean Metzger, a member of the research team, said, “Utilizing neural networks was essential to getting the classification and detection performance we did, and our final product was the result of lots of experimentation. Because our dataset was constantly evolving and growing, being able to adapt the models we were using was critical. The GPUs helped us make changes, monitor progress, and understand our dataset.” The software is capable of generating 18 words per minute with an accuracy of 93% and a median rate of 75% 

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US Department Of Defense Is Racing Against China To Stay Ahead In Artificial Intelligence

US Department Of Defense Is Racing Against China To Stay Ahead In Artificial Intelligence

The U.S. Department of Defence (DoD) is currently racing against China to maintain its lead in artificial intelligence applications. Recently China has ramped up its war technologies with intensive integration of artificial intelligence in modern combat weapons. 

Considering the situation, the Pentagon wants to come up with an effective plan to counter China and maintain its supremacy over artificial intelligence-driven technological advancements. 

Earlier this year, the DoD’s China task force had suggested numerous internal and structural changes to eliminate any potential threat from China. Co-founder of the In-Q-Tel division of the CIA, Gilman Louie, said that China would definitely surpass the United States if the government doesn’t take any measures as the country lacks a robust national strategy for artificial intelligence.

Read More: Swaayatt-Robots Raises $3 Million In Seed Funding

He also added, “Artificial intelligence is going to be not just a driver of things like the economy and quality of life and national security. It will be the thing that nation-states are going to want to make sure that they are in control of—and competitive space for the two largest powers in the world.” 

The National Defence Magazine mentioned in a report that the Chinese government views artificial intelligence as the key to surpassing the United State’s military power, and the People’s Liberation Army (PLA) is making considerable progress. China has already expressed its motive of becoming the world leader in technology by 2030. 

The U.S. Defence Secretary Lloyd Austin said, “It’s a capability that this department urgently needs to develop even further. Artificial intelligence is central to our innovation agenda, helping us to compute faster, share better and leverage other platforms. That’s fundamental to the fights of the future.” 

He further mentioned that the country’s use of artificial intelligence must reinforce the citizens’ democratic values, protect rights, defend privacy, and ensure safety. 

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Julia Computing Raised $24 Million In Series A Funding

Julia Computing Raised $24 Million In Series A Funding

Julia Computing recently announced that it had raised $24 Million in its series A funding round led by Dorilton Ventures. Menlo Ventures, Highsage Ventures, and General Catalyst also participated in the funding round. 

The Boston-based startup plans to use this fresh funding to expand and further improve its cloud computing platform named JuliaHub. The enterprise was founded in 2015 by the developers of Julia high-performance programming language.

Many enterprises use the language to overcome data processing challenges across the world. The startup’s CEO and co-founder, Viral Shah, said, “Technical computing is stuck in a rut today. Data scientists and engineers are using products that were designed many decades ago.”

Read More: Zoom Acquired Five9 To Develop Customer Engagement Platform

Apart from JuliaHub, the company is also developing many other solutions like JuliaSim and JuliaSpice to provide multi-physics and circuit simulation services. Julia had also collaborated with sports equipment manufacturing giant Puma to build an artificial intelligence-powered platform called Pumas for pharmaceutical simulations. 

In a statement, company officials mentioned that the former chief of software provider at Snowflake and Microsoft’s former president of tools and servers, Bob Muglia, will be joining Julia Computing as a member of its board of directors. 

The company has a massive client base of more than 1000 companies, including industry leaders like NASA, AstraZeneca, Pfizer, Moderna, Intel, Google, and Microsoft. 

Bob Muglia said, “The Julia Computing team has rocked this world by building JuliaHub, a modern platform for technical and scientific modeling. JuliaHub is poised to advance scientific computing and enable solutions that will deliver new generations of products and services that we cannot even imagine today.” 

Julia Computing is now hiring engineers to work on its solutions. Interested candidates can visit Julia’s official website to submit job applications. 

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Swaayatt Robots Raises $3 Million In Seed Funding

Swaayatt-Robots Raises $3 Million In Seed Funding

Swaayatt Robots, an autonomous driving research startup, raises $3 million in seed funding from US-based investors at a valuation of well over $65 million, which was their acquisition offer earlier this year, said the company. Founded in 2015 by Sanjeev Sharma and based out of Bhopal, Swayatt Robots is a trailblazer striving to make self-driving cars a reality in India and across the world.

Swaayatt Robots is one of the few companies in India, which is working on developing state-of-the-art algorithms for autonomous vehicles. Unlike most self-driving car companies in the world that optimize their machine learning models for structured environments, Swaayatt Robots is focused on equipping vehicles with solutions that can allow vehicles to navigate in strenuous conditions.

“The current round of funding will allow us to scale our existing planning and perception algorithmic frameworks. Furthermore, it will allow us to expand our R&D in developing novel motion planning and decision-making algorithmic frameworks, enabling autonomous driving in stochastic traffic and unstructured environments,” said Sanjeev in an email response. “We will also prepare for a high-speed autonomous driving demo on Indian roads, in a few months, showing key strengths of our motion planning and decision-making algorithmic frameworks.”

Over the years, Swaayatt Robots’ exemplary work has led to various performance breakthroughs in perception and planning, including (but not limited to) multi-agent stochastic traffic negotiation, tight space negotiation, object detection, semantic segmentation, and delimiters detection for self-driving cars. In the perception department, the company has previously showcased algorithms that enable autonomous vehicles to perceive their environments using only off-the-shelf cameras. Some of these techniques by Swaayatt Robots can outperform other existing algorithms by over 10 times, in computational efficiency.

Such advancements are highly essential for autonomous vehicles to work on Indian roads as it brings unique challenges — tight navigation, absence of delimiters, and narrow paths — from the rest of the world. A self-driving technology that might work in the US does not necessitate the same performance in India.

This is where Swaayatt Robotos is innovating and mitigating several challenges in real-world scenarios, especially on Indian roads. For instance, the company is researching in Deep Reinforcement Learning to learn, what the company’s founder calls,  an “off-shift policy” algorithm for allowing two vehicles coming from the opposite directions to cross on a narrow road — a situation that is highly common in India, which requires vehicles to either go off the road or abort or yield for the other vehicle to cross.

Swaayatt Robots continually innovates into a wide range of techniques, including inverse reinforcement learning, to accomplish Level 4 and Level 5 autonomy with vehicles. According to Sanjeev, around 70 percent of our research is focused on motion planning and decision-making under uncertainty. Around 25 percent of the work happens in developing real-time perception algorithms, and a fraction of the effort is centered around autonomous driving without LiDARs or RADARs. The other 5 percent of the research work is on enabling autonomous vehicles to work efficiently without high-fidelity maps, and in developing novel/new mathematical models for mapping the environments.

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Rapid7 Acquired Threat Intelligence Firm IntSights for $335 Million

Rapid7 Acquired Threat Intelligence Firm IntSights for $335 Million

Security analytics and automation company Rapid7 recently announced that it had acquired a threat intelligence firm IntSights through a $335 million deal. 

With this acquisition, Rapid7 plans to improve its Extended Detection and Response (XDR) platform to enable early threat detection and quicker response. The integration of the two platforms will provide the customers a unified surveillance experience with relevant insights. 

Industries across the globe have made a transition into digital services due to the ongoing pandemic. This digital transformation has created opportunities for hackers for cyber attacks. Due to this dire need for digital security, the cybersecurity market is expected to grow to a whopping $250 billion in the coming years. 

Read More: Qualcomm Acquired Twenty Billion Neurons To Strengthen Its Artificial Intelligence Team

CEO and chairman of Rapid7, Corey Thomas, said, “Cybersecurity is a lopsided battle today, and the odds consistently favor attackers. Both Rapid7 and IntSights have a shared belief that organizations will succeed only when they have a view of internal and internal threats.” 

He further mentioned that the merged company aims to make its vision a reality to its customers by using contextual intelligence and automated threat migration systems. IntSights is a New York-based startup founded by Alon Arvatz, Gal Ben David, and Guy Nizan in the year 2015. 

The firm’s artificial intelligence-powered platform specializes in detecting external threats and neutralizing them. Industry leaders like Wipro Ventures, Blumberg Capital, and Clearsky have invested in IntSights. 

CEO of IntSights, Guy Nizan, said, “We founded IntSights to make threat intelligence instantly accessible and actionable for organizations of any type and size. We are excited to join Rapid7 to continue this mission and to bring our threat intelligence capabilities to even more customers.” 

Earlier Rapid7 had acquired many other cybersecurity enterprises like Kubernetes Security for $50 million and Divvycloud through a $145 million deal. 

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Qualcomm Acquired Twenty Billion Neurons To Strengthen Its Artificial Intelligence Team

Qualcomm Acquired Twenty Billion Neurons

Qualcomm recently announced that it had acquired a Microsoft-backed tech startup Twenty Billion Neurons to strengthen its artificial intelligence team. The company officials have given no information regarding the valuation of this acquisition deal. 

Twenty Billion Neurons is a Berlin-based artificial intelligence startup founded by Roland Memisevic in 2015 that specializes in developing smart avatars capable of interacting with humans in a seamless manner. 

The startup has a workforce of twenty employees, according to Qualcomm officials. In its series A funding round, it had raised $10 million from Microsoft Venture Capital funds. Qualcomm has been heavily investing in next generation artificial intelligence solutions to develop better hardware for Android smartphones as it believes that the new 5G technology will enable companies to perform vast amounts of data processing in a short period of time. 

Read More: Toyota’s Subsidiary Woven Planet Holdings Acquires CARMERA

Senior Vice President of Qualcomm’s compute and infrastructure business unit, Alex Katouzian, said, “Today AI exists all around us, but no one really knows it too well. All of these things are happening without people realizing they are AI technologies running in the background.” 

Twenty Billion Neurons had earlier developed a unique artificial intelligence-powered smartphone application that could train and motivate users during their workout sessions. The app named Fitness Ally used a computer vision avatar that could interact with users in human-like ways. 

The startup had also released video datasets and baseline codes in the public domain for academic research purposes. Qualcomm has not yet disclosed its plans to utilize Twenty Billion Neurons’ products. 

The microchip manufacturing giant is aiming to develop high-performance artificial intelligence engines to ramp up the development of new artificial intelligence-powered features for smartphones. It also plans to build a power-efficient server system in order to provide high-performance cloud computing services. 

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