"Silicon Valley’s financiers and entrepreneurs are digging into artificial intelligence with remarkable exuberance. The region now has at least 19 companies designing self-driving cars and trucks, up from a handful five years ago. There are also more than a half-dozen types of mobile robots, including robotic bellhops and aerial drones, being commercialized.Artificial Intelligence Swarms Silicon Valley on Wings and Wheels - The New York Times
“We saw a slow trickle in investments in robotics, and suddenly, boom — there seem to be a dozen companies securing large investment rounds focusing on specific robotic niches,” said Martin Hitch, chief executive of Bossa Nova, which has a base in San Francisco.
Funding in A.I. start-ups has increased more than fourfold to $681 million in 2015, from $145 million in 2011, according to the market research firm CB Insights. The firm estimates that new investments will reach $1.2 billion this year, up 76 percent from last year."
Monday, July 18, 2016
Artificial Intelligence Swarms Silicon Valley on Wings and Wheels - The New York Times
Also see A Lifelong Tinkerer Who’s Taking Robots to the People (NYT)