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EU lawmakers are eyeing risk-based rules for AI, per leaked white paper

EU lawmakers are eyeing risk-based rules for AI, per leaked white paper The European Commission is considering a temporary ban on the use of facial recognition technology, according to a draft proposal for regulating artificial intelligence obtained by Euroactiv. Creating rules to ensure AI is ‘trustworthy and human’ has been an early […]

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Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm

Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm Volvo is making an investment in Palo Alto-based Apex.AI, a startup working on developing a robotic operating system qualified for use in production automobiles. Apex.AI, founded by automated systems engineers Jan Becker and Dejan Pangercic, raised $15.5 million in […]

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Facebook is failing to prevent another human rights tragedy playing out on its platform, report warns

Facebook is failing to prevent another human rights tragedy playing out on its platform, report warns A report by campaign group Avaaz examining how Facebook’s platform is being used to spread hate speech in the Assam region of North East India suggests the company is once again failing to prevent its platform […]

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Fabric raises $110 million Series B to expand its network of automated fulfillment centers in the U.S.

Fabric raises 0 million Series B to expand its network of automated fulfillment centers in the U.S. Fabric, the startup that wants to make automated logistics available to retailers of all sizes, announced today it has raised $110 million in Series B funding. The round was led by Corner Ventures, with participation […]

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EU contracts with Microsoft raising “serious” data concerns, says watchdog

EU contracts with Microsoft raising “serious” data concerns, says watchdog Europe’s chief data protection watchdog has raised concerns over contractual arrangements between Microsoft and the European Union institutions which are making use of its software products and services. The European Data Protection Supervisor (EDPS) opened an enquiry into the contractual arrangements between […]

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MIT is reviewing its relationship with AI startup SenseTime, one of the Chinese tech firms blacklisted by the U.S.

MIT is reviewing its relationship with AI startup SenseTime, one of the Chinese tech firms blacklisted by the U.S. The Massachusetts Institute of Technology said it is reviewing the university’s relationship with SenseTime, one of eight Chinese tech companies placed on the U.S. Entity List yesterday for their alleged role in human […]

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Eight Chinese tech firms placed on U.S. Entity List for their role in human rights violations against Muslim minority groups

Eight Chinese tech firms placed on U.S. Entity List for their role in human rights violations against Muslim minority groups Eight Chinese tech firms, including SenseTime and Megvii, have been added to the U.S. government Entity List for their role in enabling human rights violations against Muslim minority groups in China, including […]

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AI Medical Service raises $42.9 Series B for AI-based software that checks endoscopy scans for signs of cancer

AI Medical Service raises .9 Series B for AI-based software that checks endoscopy scans for signs of cancer AI Medical Service, a Tokyo-based company developing AI-based software to help detect gastric cancer, announced today that it has raised a $42.9 million Series B. Investors include Globis Capital Partners, World Innovation Lab and […]

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Element AI raises $151M on a $600-700M valuation to help companies build and run AI solutions

Element AI raises 1M on a 0-700M valuation to help companies build and run AI solutions While tech giants like Google and Amazon build and invest in a multitude of artificial intelligence applications to grow their businesses, a startup has raised a big round of funding to help those that are not […]

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Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong

Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong Megvii Technology, the Beijing-based artificial intelligence startup known in particular for its facial recognition brand Face++, has filed for a public listing on the Hong Kong stock exchange. Its prospectus did not disclose share pricing […]

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