AI & Startups July 8 - July 14

AI & Startups July 8 - July 14

Gen AI Product News

谷歌 Gemini 1.5 Pro Powers Robot Navigation

Image source: Google DeepMind


Google DeepMind has unveiled groundbreaking research on robot navigation, leveraging the extensive context window of Gemini 1.5 Pro. This advancement allows robots to comprehend and navigate complex environments based on human instructions, marking a significant leap in robotic capabilities.

?? Features:

?? Mobility VLA Integration: DeepMind’s “Mobility VLA” combines Gemini’s 1M token context with a map-like representation of spaces, forming robust navigation frameworks.

?? Video Tour-Based Mapping: Robots are provided with a video tour of an environment, where key locations are verbally highlighted. Using these video frames, robots construct a detailed graph of the space.

?? Multimodal Instructions: In testing, robots responded to various instructions, including map sketches, audio requests, and visual cues such as a box of toys.

?? Natural Language Commands: The system supports natural language commands like "take me somewhere to draw things," enabling robots to guide users to suitable locations based on the given instructions.

?? Impact:

?? Enhanced Multimodal Capabilities: Equipping robots with multimodal capabilities and extensive context windows will unlock unprecedented use cases. This innovation paves the way for more sophisticated and intuitive robot interactions.

?? Future of Voice Assistants: Google’s ‘Project Astra’ demo showcased the potential of voice assistants that can see, hear, and think. Embedding these functions within robots is set to revolutionize how we interact with technology in everyday scenarios.

This research highlights the transformative potential of advanced AI models in real-world applications, setting the stage for more interactive and capable robotic systems in the near future.

OpenAI ’s 5-Level Roadmap to AGI

Image source: OpenAI

OpenAI has reportedly introduced a new five-tier system to track its progress toward achieving artificial general intelligence (AGI). This framework offers a fresh perspective on how the company envisions the journey toward creating human-level AI.

?? The Details:

?? Level Classification: The system ranges from Level 1 (current conversational AI) to Level 5 (AI capable of running entire organizations).

?? Current Status: OpenAI believes its technology is currently at Level 1 but is approaching Level 2, which is referred to as ‘Reasoners.’

?? Recent Demonstrations: The company showcased a GPT-4 research project exhibiting human-like reasoning skills, suggesting significant progress toward Level 2.

?? Level 2 Capabilities: AI at Level 2 can perform basic problem-solving tasks equivalent to a PhD-level human without additional tools. Level 3 will see the rise of agents capable of taking autonomous actions for users.

?? Why It Matters:

?? Concrete Benchmarks: The definition and roadmap toward AGI have been ambiguous until now. OpenAI’s new system could help establish clearer benchmarks and milestones.

?? Rapid Progress: While some may find it disheartening that we are only at Levels 1 or 2 out of 5, the potential for exponential acceleration means we could advance up the ladder faster than anticipated.

This structured approach highlights the systematic path OpenAI is taking towards AGI, providing a more transparent and measurable framework for tracking progress in the field of artificial intelligence.

?? OpenAI and Thrive Create AI Health Coach

?? The OpenAI Startup Fund and Thrive Global just announced Thrive AI Health, a new venture developing a hyper-personalized, multimodal AI-powered health coach to help users drive personal behavior change.

Image source: Midjourney

?? The Details:

  • Focus Areas: The AI coach will target sleep, nutrition, fitness, stress management, and social connection.
  • Tailored Recommendations: Thrive AI Health will use scientific research, biometric data, and individual preferences to offer personalized guidance.
  • Leadership: DeCarlos Love, former product leader at Google, steps in as CEO of Thrive AI Health.
  • Vision: OpenAI CEO Sam Altman and Thrive Global founder Ariana Huffington detailed AI’s potential to enhance health and lifespans in a TIME article.

?? Why It Matters: With chronic disease and healthcare costs rising, AI-driven personalized coaching could be transformative — enabling anyone to leverage their data for significant health improvements. Altman’s extensive network of companies and partners positions this venture as a potential AI health powerhouse.

Sovereign AI Product News

???? Japan Ministry Introduces First AI Policy

??? Japan's Defense Ministry has unveiled its inaugural policy on AI use in military applications, addressing recruitment challenges and aligning with global defense tech advancements.

Image source: Reuters

?? The Details:

  • Seven Priority Areas: The policy focuses on target detection, intelligence analysis, and unmanned systems, among others.
  • Recruitment Solution: AI is seen as a potential remedy for Japan's aging and shrinking population, which affects military recruitment.
  • Human Control: The strategy emphasizes human oversight of AI systems, explicitly ruling out fully autonomous lethal weapons.
  • Global Context: Highlighting the U.S. and China’s military AI advancements, Japan underscores the urgent need to adopt AI to boost efficiency.

?? Why It Matters: The intersection of AI and military operations is imminent. Japan’s decision to exclude autonomous lethal weapons sets a precedent for responsible AI use, potentially influencing global norms in the AI military arms race.

Venture Capital for AI Startups: Key Trends and Investments

?? AI Startups Steal the Show in Q2’24!

Image source: CB insights
Image source: CB insights
Image source: CB insights


?? Key Highlights:

  • Venture Funding Climbs: Up 8% quarter-over-quarter (QoQ) to $65.7B, despite a ninth consecutive quarter of declining deal volume.
  • Average Deal Size: Rose 17% this year, with the average deal now at $14.4M.
  • AI Dominance: AI startups captured a record 28% of global funding, raising $18.3B in Q2’24, driven by massive deals like Elon Musk’s xAI.
  • Exit Activity: The US saw a rise in exit share to 39%, its highest in 2 years, with notable IPOs and acquisitions.
  • Active Investors: SOSV, Andreessen Horowitz, General Catalyst, and Lightspeed Venture Partners led the charge in backing new companies.
  • Sector Trends: Fintech funding rebounded, while retail tech remained stagnant and digital health funding declined.

?? Global Insights:

  • Asia's Decline: Funding in Asia fell below $10B for the first time since 2014, significantly impacted by reduced international investment in China.
  • Regional Growth: The US and Europe saw double-digit funding growth, while Canada, LatAm, Africa, and Oceania experienced slight increases in deal counts.

?? Why It Matters: As investors grow more selective, they're focusing on fewer, larger deals in high-growth areas like AI. The rise of AI funding highlights its transformative potential, positioning it as a pivotal driver in the venture capital landscape.

?? Pittsburgh AI Robotics Startup Skild AI Raises $300M, Including from Jeff Bezos

?? Overview: Skild AI, a robotics company with headquarters in Pittsburgh and San Francisco, has secured $300 million in Series A funding. Notably, Amazon CEO Jeff Bezos invested through his firm, Bezos Expeditions. This round brings Skild AI's valuation to $1.5 billion.

?? Key Highlights:

  • General-Purpose Robotics: Skild AI is developing a versatile robotics model, an artificial "brain," adaptable to various robots for diverse applications.
  • Broad Applications: The technology aims to power resilient quadrupeds for challenging conditions and vision-based humanoids for complex tasks in households and industries.
  • Strategic Use of Funds: The capital will scale the company's model and training datasets for future commercial deployment.

?? Industry Impact: “We believe Skild AI represents a step change in how robotics will be scaled and has the potential to change the entire physical economy,” said CEO and co-founder Deepak Pathak. The company envisions using low-cost robots across many industries.

?? Investor Confidence:

  • Key Investors: Alongside Bezos Expeditions, Softbank Group and Carnegie Mellon University participated. The startup's team includes talent from Meta, Nvidia, and Google.

?? AI Startup Hebbia Locks Up $130M Series B Led By a16z

?? Overview: Hebbia, an AI startup enhancing data analysis for businesses, secured a $130 million Series B round. Andreessen Horowitz led the investment, joined by Index Ventures, Google Ventures, and Peter Thiel. Bloomberg reports this round values Hebbia at approximately $700 million.

?? Key Highlights:

  • Investor Lineup: Andreessen Horowitz, Index Ventures, Google Ventures, and Peter Thiel.
  • Company Valuation: Approximately $700 million.
  • Core Offering: Hebbia enables companies to analyze structured and unstructured data to answer complex business questions, including regulatory filings and PDFs.

?? Rapid Growth: In just 18 months, Hebbia grew its revenue 15x and quintupled its headcount. Founded in 2020, the New York-based startup has now raised a total of $161 million.

?? Vision: “There have been seven major technological revolutions in human history: fire, agriculture, the wheel, repeatable manufacturing, electricity, the internet and AI. AI is undoubtedly the most important technology of our lives. But technology doesn’t drive revolutions — products do. Hebbia is building the human layer — the product layer — to AI,” wrote George Sivulka, Hebbia’s founder and CEO.

?? Why It Matters: After a slow funding week, the market is picking up momentum, mirroring last month’s trend where several AI startups like Etched.ai and Magic raised large rounds. Hebbia's significant funding round indicates strong investor confidence in AI’s transformative potential.

??? Intel Capital Leads $15M Round in AI Construction Tech Startup Buildots

?? Overview: Buildots Ltd., an AI company revolutionizing construction site management through digital twins, has secured $15 million in funding. The round was led by Intel Capital, with participation from OG Tech Partners and previous investors. This brings Buildots' total funding to $121 million.

?? Key Highlights:

  • Digital Twin Technology: Buildots creates digital replicas of construction sites, enabling real-time data capture and tracking of project status, identifying bottlenecks, and optimizing workflows.
  • Efficiency Gains: The platform measures the efficiency of construction tasks, offering recommendations to improve performance and reduce costs, with delays shortened by up to 50%.
  • Objective Data: Unlike traditional self-reporting, Buildots uses objective site data for accurate progress updates and reliable performance metrics.

?? Strategic Significance: Intel Capital's investment is notable as Intel itself is engaged in multiple multi-billion-dollar construction projects globally. Buildots’ AI-driven solutions could enhance Intel's construction efficiency, aligning with its plans to expand chip manufacturing capacity.

?? Market Impact: Buildots' technology is poised to transform the construction industry, which has been slow to adopt digital innovations. The startup’s new “delay forecast” tool predicts construction delays, enabling proactive management and substantial cost savings.

?? Industry Perspective: Buildots aims to lead a shift towards performance-driven construction management, with AI technologies becoming increasingly pivotal in overcoming industry challenges. The investment highlights Intel's recognition of AI's potential to drive productivity in construction.


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