Today's Tech Check- "Overland AI's $10M Military Boost, U.S. Army's Jet Gun Investment, Space Force's Satellite Docking Plan, CCI's Algorithm Battle, and Microsoft's AI-Powered Windows"
21th May, 2024
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1. “Overland AI Secures $10M in Funding for Revolutionary Off-Road Autonomous Tech Adopted by U.S. Military”
Overland AI, a UW spinout, has raised $10M to develop off-road self-driving technology.
Led by CEO Byron Boots, the company's tech has been deployed by the U.S. military.
Overland's technology uses machine learning and onboard sensors for navigation.
Co-founders include Stephanie Bonk, Jonathan Fink, and Greg Okopal.
Point72 Ventures led the seed round, with participation from Shasta Ventures, Ascend, and others.
#company #Startups #AI #machinelearning #technology
2. “U.S. Army Invests $1.6 Million in Cutting-Edge Jet Gun Technology with Wave Motion”
Wave Motion Launch Corp. receives $1.6M grant for Jet Gun development from U.S. Army.
Jet Gun uses supersonic gas to propel projectiles without a barrel, making it highly compact and flexible.
Intended for tactical indirect fire applications, the technology could also revolutionize mining, drilling, and space launch.
Founders Finn van Donkelaar, James Penna, and Casey Dunn are former University of Washington alumni.
Current CEO is van Donkelaar, while Penna serves as COO.
#Army #WaveMotionLaunch #Military #technology #Tech
3. “Unlocking the Cosmos: Space Force and Starfish Space Unveil Satellite Docking Mission Roadmap”
Space Force partners with Starfish Space for a "first-of-its-kind" $37.5M satellite docking mission.
Otter system enables docking and maneuverability of national security assets in orbit.
Aiming for a 2026 launch, Starfish Space will operate Otter commercially after two years of operations.
The mission will demonstrate augmented maneuver, station-keeping, life extension, and orbital disposal.
Colonel Joyce Bulson: "This project delivers what our warfighters require in sustained space maneuver."
Starfish Space received $30 million in venture capital investment in addition to Space Force funding.
#SpaceForce #Satellites #StarfishSpace #war #funding #Space
4. “CCI Chief Exposes the Shadows: The Battle Against Algorithm Opacity & Data Dominance by Digital Titans”
CCI Chairman Ravneet Kaur highlights concerns in the digital economy.
Opacity of algorithms and data dominance by digital giants pose challenges.
Algorithm opacity затрудняет assessment of competition impact.
Excessive data control by digital platforms creates barriers to entry.
Potential market concentration and lack of platform neutrality raised.
CCI focuses on emerging areas, including a market study on AI.
Draft competition bill aims to address digital market dynamics.
#News #AI #digital
5. “Microsoft's Game-Changer: Unveiling the New 'Copilot + PC' Initiative to Revitalize Windows with AI”
Microsoft introduces Copilot + PC initiative, integrating its AI technologies with Windows PCs to revitalize the platform.
CEO Satya Nadella emphasizes the distributed nature of AI, combining cloud and edge computing capabilities.
Copilot interactions provide insights and recall information based on user activities.
Intel, Qualcomm, and AMD partner on new PC machines designed to enhance AI capabilities.
Microsoft unveils updated Surface Laptop and Surface Pro devices featuring the new AI integrations.
The initiative leverages Microsoft's strength in PC systems, competing with Google Cloud and Amazon Web Services through Azure.
Copilot integrates OpenAI's GPT-4o model, despite OpenAI releasing its ChatGPT app for Mac computers.
Sensitive personal data remains secure on user devices, including data used for the "Recall" feature.
#OpenAI #Qualcom #AMD #Amazon #Microsoft #AI #GPT #update #Google #Tech
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