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TechCrunch News
Augury raises $75M at $1B+ valuation for its AI that detects malfunctions in factory machines 19 February 2025 at 05:32

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

By: Ingrid Lunden

19 February 2025 at 05:32

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 […]

TechCrunch News
EU looks to the private sector to help fund ‘AI Gigafactories’, eyeing the frontier AI race 11 February 2025 at 01:25

EU looks to the private sector to help fund ‘AI Gigafactories’, eyeing the frontier AI race

TechCrunch News

By: Natasha Lomas

11 February 2025 at 01:25

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 […]