the robots are coming
In case you needed more proof that all our jobs will one day be occupied by robots, a Hong Kong V.C. firm has just named an artificial intelligence tool to its board of directors. The company’s also insisting the tool will be treated as an “equal” to the other board members.
Sure, it’s all probably a bid for press — but it’s still pretty funny.
A press release from Aging Analytics UK, a company that conducts research on biotechnology and regenerative medicine, made two announcements this morning: first, that they’ve launched an new A.I. tool called VITAL (Validating Investment Tool for Advancing Life Sciences); and second, that they’ve licensed VITAL to Hong Kong V.C. firm Deep Knowledge Ventures, where the tool will become an “equal member of its Board of Directors.”
Companies that sell fitness tracking wristbands are having a hell of a time getting people to actually keep wearing them. Fitness tracking startup OMSignal thinks the way to get people to keep using the tech is to actually put the tracker in your clothing.
As of today, OMSignal is selling their new line of fitness tracking clothes, starting with a men’s line. The collection includes long sleeve and short sleeve shirts, which you buy along with a small black tracking box. The box — which you have to attach to whatever clothing item you’re wearing — is a tracking module that hooks up to the shirt and sends the biometric data to your phone via bluetooth.
Beyond the Web
This weekend, several outlets ran an AP story about New York’s startup scene, hitting all the high points–CornellNYC, the river of VC money, the local outposts of national companies like Google and Facebook. BostInno, however, has a quibble:
There have been some rumblings recently in Silicon Alley that the city could use more diversity in its tech sector. About two thirds of venture dollars in New York flow into web and software plays. But right under our noses, some crazy cool science is going on. Like this molecular polyhedron, recently created by NYU chemist, whose unique shape might allow it trap other molecular species, which would mean we could use it to create some new materials, materials that might…actually we have no idea what they might do.
With some big name IPOs getting off to a hot start, venture capital firms went all in on during the second quarter of 2011. New data from a MoneyTree report that pulled info from PriceWaterHouseCoopers, the NVCA and Reuters, found that VC funding jumped 18.7% in Q2, reaching its highest level since the 2008 economic crisis began.
Interestingly software was the leader in terms of dollars received. It beat out more capital intensive sectors with 25% market share ($1.5 billion), followed by biotech ($1.2 billion), medical devices/equipment ($840 million) and IT services ($763 million).