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CIOs’ lack of success metrics dooms many AI projects

CIO

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

Metrics 187
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How we pivoted our deep tech startup to become a SaaS company

TechCrunch

Initially, we approached this as a hardware challenge until we determined that the key to meeting next-generation electric motor demand actually lies in software. Pivoting from hardware to SaaS was the right move for our electric motor design startup, but the process wasn’t precisely linear. An assessment of global trends (e.g.,

Company 247
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Merlyn Mind emerges from stealth with $29M and a hardware and software solution to help teachers with tech

TechCrunch

We’ve chronicled, in great detail, the many layers of technology, services and solutions that have been wrapped around the world of education in recent years — and especially in the last year, which became a high watermark for digital learning tools because of COVID-19.

Hardware 244
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Gather AI secures new cash to scan inventory in warehouses using drones

TechCrunch

The proceeds bring the company’s total raised to $17 million, which CEO Sankalp Arora says is being put toward expanding Gather’s deployment capacity and go-to-market plans as well as hiring new machine learning engineers. ” Gather isn’t the first to market with a drone-based inventory monitoring system.

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DIY: 5 ways disruptive component startups can win over OEMs

TechCrunch

Creating a disruptive hardware components startup can be quite exciting. But hardware startups are challenging. For example, our company built a new way of delivering long-range wireless electricity using infrared light. So there’s no point rushing when building a hardware startup. Let’s be honest.

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Nvidia points to the future of AI hardware

CIO

NIM, Nvidia’s software package to optimize inference for several AI models, should also gain traction in the market, because many companies won’t be able to train AIs for their purposes, Rau says. They basically have a comprehensive solution from the chip all the way to data centers at this point,” he says.

Hardware 148
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Hyundai invests in teleoperations startup Ottopia as part of $9M round

TechCrunch

His brother, Oren Rosenzweig is also in the autonomous vehicle business via the lidar company he co-founded, Innoviz.) Ottopia’s software is combined with off-the-shelf hardware components like monitors and cameras to create a teleoperations center. Hyundai and IN Venture also gained board seats.