Tag: Logistics

OpenAI, the AI-powered tech firm, has invested $23.5m into 1X, a Norwegian robotics company. Their robots, EVE and NEO, may soon be playing an essential role in the areas of retail, health care and logistics. Potentially replacing the jobs of many humans, NEO is designed for mild interaction with humans, and EVE for graceful object manipulation. Elon Musk's Tesla is also creating robots for household chores. With AI, robotics is expected to grow even further and provide lots of opportunities in the near future.

Autotech Ventures, a mobility-focused VC firm, is bolstering its resources with a third fund of $230M, investing in new areas such as fintech, logistics and the circular economy. The fund is backed by both financiers and American companies like Allison Transmission, Shell, etc. Managing Director Alexei Andreev is focused on SaaS-enabled fintech, ecofriendly solutions and AI investments. Five of the investments have already gone public.

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Amazon, led by AWS administrator Jassy, is making its move in the race for AI technology and targeting corporate customers. Through the use of custom-made chips and new AI tools, Amazon aims to offer more cost-effective and efficient solutions than the competition. With other tech giants like Google, Microsoft, and Amazon itself already in the fray, Jassy is on a mission to give the company an edge over the competition as they strive for AI supremacy.

This article talks about the Holistic Agriculture Development Program (HADP) project worth Rs 560 crore in J-K, reducing value loss and boosting the agriculture and allied sectors. It includes implementation of an open auction system and a single licence for trading in all mandies. Real-time information, agri-advisory and more services are extended through eNAM platform. It is impactful to farmers and consumers.