Artificial intelligent RPT-UPDATE 2-SoftBank-backed CloudMinds slashes workforce amid cash burn -sources

(Repeats story that ran on Friday, with no changes) * CloudMinds cutting 175-225 people in China out of 700 -source * To be left with nominal presence in U.S., Japan -sources * Attempt to list in U.S. met with cool investor reception -source By Sam Nussey TOKYO, Jan 24 (Reuters) – SoftBank-backed cloud robotics and…

Artificial intelligent Xiaomi to invest $7 billion in 5G, AI and IoT over next five years

FILE PHOTO: The logo of Xiaomi is seen inside the company’s office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File PhotoBEIJING (Reuters) – Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation internet technologies over the next five years, as competition in the…

Artificial intelligent Xiaomi to invest $7 billion in 5G, AI and IoT over next 5 years

Xiaomi logos are seen during a news conference in Hong Kong, China June 23, 2018.  REUTERS/Bobby Yip/File PhotoBEIJING (Reuters) – Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation internet technologies over the next five years, as competition in the sector grows. Xiaomi Chief…

Artificial intelligent Emotion-sensing robot launches to assist space station astronauts

FILE PHOTO: Bret Greenstein, IBM Global Vice President of Watson Internet of Things Offerings, holds a clone of an artificial intelligence bot named CIMON, at the Kennedy Space Center in Florida, U.S., June 28, 2018. REUTERS/Joey RouletteWASHINGTON (Reuters) – An intelligent robot equipped with emotion-sensing voice detectors was headed to the International Space Station after…

New chip for waking up small wireless devices could extend battery life

A new power saving chip developed by engineers at the University of California San Diego could significantly reduce or eliminate the need to replace batteries in Internet of Things (IoT) devices and wearables. The so-called wake-up receiver wakes up a device only when it needs to communicate and perform its function. It allows the device…

Particle Raises $40 Million in Funding to Empower IoT Adoption

Particle, the IoT platform company focused on making the Internet of Things (IoT) easy, has raised $40 million in series C funding. Particle claims to be “the only all-in-one IoT platform on the market.” As such, they offer a competitive advantage for companies looking to bring their products and services online. This is especially critical…

NYC Deploys IoT Sensors to Monitor Traffic and Reboot Signals

New York City’s traffic signals are going decidedly high-tech, with the rollout of IoT sensors, according to a press release by Transition Networks, Inc. The new system will monitor traffic at some 10,000 intersections and reboot malfunctioning signals. Transition Networks is working with the NYC Department of Transportation to deploy Power-over-Ethernet (PoE+) switches at the…

Cybersecurity Firm Firedome Raises $10 Million to Secure IoT Devices

VentureBeat is reporting that Tel Aviv and New York-based cybersecurity firm Firedome has raised an additional $10 million in funding, bringing their total to $14.5 million. The new round of investment will help the company continue development of its cybersecurity suite aimed at protecting Internet of Things (IoT) devices from hackers, malware, ransomware, denial of…

SAP and Verizon Partnering to Develop Next-Gen IoT Analytics Solution

SAP and Verizon have announced a collaboration to help applications process data where it is generated, thanks to Verizon’s network and SAP’s edge computing platform. Edge computing allows companies to reduce data processing time by processing the data collected by Internet of Things (IoT) devices at or near the data collection point, rather than sending…