Tag: driven
3one4 Capital, driven by contrarian bets, raises $200 million new fund
Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio includes four unicorn startups. […]
3one4 Capital, driven by contrarian bets, raises $200 million new fund by Manish Singh originally published on TechCrunch
Apple Reports Better-Than-Expected Quarter Driven By iPhone Sales
“The highlight of Apple’s report was iPhone sales, which grew from the year-ago quarter even as the broader smartphone industry contracted nearly 15% during the same time,” reports CNBC, citing an IDC estimate. “IPhone revenue grew 2% during the quarter, suggesting that parts shortages and supply chain issues that had hampered the product for the last few years, including an iPhone factory shutdown late last year, had finally abated.” From the report: Here’s how the company did versus Wall Street expectations per Refinitiv consensus expectations:
EPS: $1.52 vs. $1.43 expected
Revenue: $94.84 billion vs. $92.96 billion expected
Gross margin: 44.3% vs. 44.1% expected
Apple reported $24.16 billion in net income during the quarter versus $25.01 billion last year. Overall revenue was down 3% from last year’s $97.28 billion in sales.
Here’s how Apple’s individual product lines did versus StreetAccount consensus expectations:
iPhone revenue: $51.33 billion vs. $48.84 billion expected
Mac revenue: $7.17 billion vs. $7.80 billion expected
iPad revenue: $6.67 billion vs. $6.69 billion expected
Other Products revenue: $8.76 billion vs. $8.43 billion expected
Services revenue: $20.91 billion vs. $20.97 billion expected
Read more of this story at Slashdot.
Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa
Wysa is a global leader in AI-driven mental health support, available both to individuals, through employer benefits programmes and healthcare…
The post Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa appeared first on TechRound.
Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa
Wysa is a global leader in AI-driven mental health support, available both to individuals, through employer benefits programmes and healthcare…
The post Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa appeared first on TechRound.
Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa
Wysa is a global leader in AI-driven mental health support, available both to individuals, through employer benefits programmes and healthcare…
The post Meet Jo Aggarwal, Founder and CEO at AI Driven Mental Health Support App: Wysa appeared first on TechRound.
Opus.ai is developing a new, text driven approach to 3D world development
Today’s onslaught of artificial intelligence-based tools have a similar goal: to streamline, automate, or simplify previously complex manual tasks. From the creative to the purely technical, currently available AI tools can do anything from generating written content and images to new application code based on specific algorithms, text inputs, and…
Cruise’s robotaxis have driven 1 million miles with nobody behind the wheel
For autonomous vehicle developers, every mile driven serves as proof that their technology works and as an opportunity to gather data for further improvement. Which is why Cruise, which has just announced that it has completed 1 million fully driverless miles, calls the achievement one of its biggest milestones yet. A spokesperson told us that those were miles driven with no safety driver behind the wheel and that most of them were collected in San Francisco.
If you’ll recall, the GM subsidiary started testing fully driverless rides in the city back in November 2021. It was also the first company to ever receive a driverless deployment permit from the California Public Utilities Commission, allowing it to charge passengers for robotaxi rides by June last year. Based on the disengagement reports it submitted to the California DMV, it only had around 30 cars or so operating at the beginning of 2022. CNN said it was maintaining a fleet of 100 vehicles by September last year and was seeking to add 5,000 more.
Mo Elshenawy, Cruise’s SVP of engineering, said each one of those miles “has been packed with complex scenarios that have set Cruise up for rapid scale.” Since San Francisco streets are often chaotic and packed with people, the company was able to gather tons of useful data it can use to better its technology. “For example,” Elshenawy wrote in a blog post, “stop sign blow-throughs are 46x times more frequent in San Francisco than in suburban areas.”
Cruise has been feeding data from each drive into a continuous learning machine that creates millions of permutations of real-world scenarios on the road. That allows the technology to learn from simulated drives and then apply what it learns in real life. “When you consider our safety record, the gravity of our team’s achievement comes into sharper focus,” Elshenawy continued. “To date, riders have taken tens of thousands of rides in Cruise AVs. In the coming years, millions of people will experience this fully driverless future for themselves.”
Cruise’s announcement comes almost a month after San Francisco officials sent a letter to California regulators, asking them to slow Cruise’s (and Waymo’s) expansion plans. They reportedly wanted a better understanding of autonomous vehicles first and were worried about “the hazards and network impacts caused by planned and unplanned AV stops that obstruct traffic.” As The New York Times said in a recent report, stalled Cruise and Waymo vehicles have caused traffic jams in San Francisco several times in the past. Officials believe these companies have to significantly improve their technologies before expanding, or else they “could quickly exhaust emergency response resources and could undermine public confidence in all automated driving technology.”