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Augury raises $75M at $1B+ valuation for its AI that detects malfunctions in factory machines

As companies like Nvidia and SoftBank focus on industrial robotics as key areas for future R&D, a startup has raised funding today for another facet of how AI is being used on the factory room floor. Augury, which develops AI-based hardware to identify when machines need repairs and what is wrong with them, has raised […]

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EU looks to the private sector to help fund β€˜AI Gigafactories’, eyeing the frontier AI race

The European Union is courting the private sector as it looks to step up compute capacity for training large AI models. Giving a speech at the AI Action Summit in Paris on Monday, the EU’s president, Ursula von der Leyen, talked up the potential of homegrown AI startups but said the region’s developers must have […]

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