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Enterprise, Gadgets, Media & Entertainment, Robotics & AI

Amazon to Expand AI Presence with Andrew Ng Appointment, Departure of Former MTV Executive, McGrath

If the decisions made by corporate boards of directors can indicate where a company wants to be focusing, Amazon’s board just made an interesting move. The company announced on Thursday that Andrew Ng, known for building AI at large tech companies, is joining its board of directors. And given the AI whiplash that every big tech company is currently dealing with, it feels timely that McGrath is stepping away from the board now. To stay at the forefront of the tech industry, Amazon will be looking for better thought leadership on the next steps in its artificial intelligence strategy. It’s worth remembering that Amazon has been a leading player in AI for a long time.

Startups, Venture

Construction-Tech Startup BRKZ Emerges from Stealth in MENA with $8M in Funding

Saudi Arabia is poised to become one of the largest global construction hubs owing to its trillion-dollar infrastructure and the real estate projects that are underway in the country. BRKZ is today emerging from stealth backed by a $8 million Series A round co-led by Beco Capital and 9900 Capital. Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures also participated in the round. Following the fresh capital injection, the B2B marketplace aims to expand in Saudi Arabia and the MENA region to facilitate contractors in procuring materials and manufacturers in selling, with a focus on same or next-day delivery. He added that the startup can process commonly ordered building materials within minutes, but more time is required for “specialized materials”.

Max Chen
March 6, 2024

Media & Entertainment

ispace Creating a New Lunar Economy with April Moon Landing

Eyeing a new lunar economy, ispace plans to land on the moon at the end of April

If all goes according to plan, Tokyo-based ispace will be the first company to land a spacecraft on the surface of the moon in over three decades. The Hakuto-R lunar…

Dylan Williams
February 27, 2023

Enterprise, Robotics & AI, Startups, Venture

McKinsey Acquires Israeli MLOps Platform Iguazio

McKinsey, eyeing the MLOps space, buys Tel Aviv–based Iguazio • TechCrunch

Experts say that McKinsey’s purchase of Iguazio signals that the enterprise-focused sector of the AI market is becoming increasingly important. Iguazio specializes in creating AI platforms that can help businesses…