Why This Startup Created A Deep Learning Chip For Autonomous Vehicles

#News(General) [ via IoTForIndiaGroup ]

Israeli artificial intelligence (AI) startup, Hailo Technologies, has closed a $12.5 million Series A from Maniv Mobility, OurCrowd, and NextGear to develop a chip for deep learning on edge devices and processing of high-resolution sensory data in real time.

According to a report from Markets and Markets, edge computing will be worth $6.72 billion by 2020, and IC Insights reported that integrated circuits in cars are expected to generate global sales of $42.9 billion in 2021. Combine those statistics with the automotive industry’s need for advanced driver assistance systems (ADAS), and there’s a demand for computational power for deep learning algorithms for ADAS

Read More..