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Apple acquired a startup using AI to compress videos

TechCrunch

Apple has quietly acquired a Mountain View-based startup, WaveOne , that was developing AI algorithms for compressing video. “We started our journey at WaveOne, realizing that machine learning and deep learning video technology could potentially change the world. Apple wouldn’t confirm the sale when asked for comment.

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Exafunction aims to reduce AI dev costs by abstracting away hardware

TechCrunch

But they share a common bottleneck: hardware. New techniques and chips designed to accelerate certain aspects of AI system development promise to (and, indeed, already have) cut hardware requirements. Emerging from stealth today, Exafunction is developing a platform to abstract away the complexity of using hardware to train AI systems.

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Mavenoid, which automates technical support and onboarding for hardware companies, raises $30M

TechCrunch

Mavenoid , a Swedish company that provides both human- and AI-enabled support and troubleshooting tools for hardware companies, has raised $30 million in a series B round of funding. Hardware issues are repetitive, difficult, and time-consuming to fix. Mavenoid: One-click video. ” Technical support.

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ThirdAI raises $6M to democratize AI to any hardware

TechCrunch

Houston-based ThirdAI , a company building tools to speed up deep learning technology without the need for specialized hardware like graphics processing units, brought in $6 million in seed funding. Their algorithm, “sub-linear deep learning engine,” instead uses CPUs that don’t require specialized acceleration hardware.

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Deep Render lands $9M for its AI-powered video compression tech

TechCrunch

Deep Render , a startup developing AI-powered tech to compress videos on the web, today announced that it raised $9 million in a Series A funding round led by IP Group and Pentech Ventures. Deep Render isn’t the only venture applying AI to the problem of video compression, nor is its AI a silver bullet necessarily.

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WaveOne aims to make video AI-native and turn streaming upside down

TechCrunch

Video has worked the same way for a long, long time. And because of its unique qualities, video has been largely immune to the machine learning explosion upending industry after industry. Here’s how it’s worked pretty much since the old days when digital video first became possible. This is stuff like MPEG-2, H.264,

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Spot AI emerges from stealth with $22M for a platform to draw out more intelligence from organizations’ basic security videos

TechCrunch

Now, a startup is coming out of stealth with funding for tech designed to make the video produced by those cameras more useful. The issue is that many of these cameras are very old, analogue set-ups; and whether they are older or newer hardware, the video that is produced on them is of a very basic nature.

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