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The ElliQ eldercare robot gets a hardware upgrade, generative AI for improved conversations

TechCrunch

In Tel Aviv, meanwhile, Intuition Robotics has been promoting a “companion” robot since 2016 […] © 2023 TechCrunch. In recent years, other markets have begun exploring the space. Labrador Robotics’ home assistive system is a good example here in the States. All rights reserved. For personal use only.

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. March 2010: Apotheker says he wants to transform HP from a hardware producer to a software and services provider. November 2012: HP takes an $8.8

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” A DPU is a dedicated piece of hardware designed to handle certain data processing tasks, including security and network routing for data traffic. .

Azure 282
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Apple acquired a startup using AI to compress videos

TechCrunch

” WaveOne was founded in 2016 by Lubomir Bourdev and Oren Rippel, who set out to take the decades-old paradigm of video codecs and make them AI-powered. It’s an effective approach, but new codecs require new hardware specially built to accelerate compression or decompression, making improvements slow to propogate.

Video 278
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Japan’s Terra Drone gets $14M lift from Saudi investors

TechCrunch

The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97 million since its inception in 2016. It declined to comment on its post-money valuation.

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As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform

TechCrunch

Existing investors LAUNCHub Ventures, Hoxton Ventures, HCVC (Hardware Club) and Change Ventures also participated. It was founded in 2016 in Riga, Latvia by two brothers, Mikus Opelts and Madars Opelts, and is headquartered in London, U.K. To date, the company has raised $22 million in equity and $9 million in venture debt.

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Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles.