Bait Al Mashura Financial Consultancy, represented by its technical arm “BM Fintech” and the Center for Innovation in Artificial Intelligence (CEAI) of | BLiTZ
/PRNewswire/ The 2022 Smart China Expo is held in southwest China s Chongqing from August 22 to 24. Western China (Chongqing) Science City brought 112.
Xiaomi acquires self-driving startup Deepmotion for US$77.37 million Xiaomi Inc. announced that it will acquire Deepmotion Tech Limited, a self-driving . Artificial Intelligence, Baidu, Beijing, CloudWalk, Huawei, logistics, Plum, Redpoint, Sequoia, Sequoia Capital China, shenzhen, singapore, startup, Xiaomi
AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M Our Bureau 1444
AeroVironment said it acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG) for $30 million earlier this week.
Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.
The ISG team will merge with AeroVironment’s MacCready Works Advanced Solutions team. The ISG facility in Virginia will now operate as AeroVironment’s new Artificial Intelligence Innovation Center. The ISG team will collaborate with teams across AeroVironment to integrate cutting-edge technologies into the company’s growing offering and solution roadmap. For example, new artificial intelligence and perceptive autonomy capabilities from ISG will enable AeroVironment’s unmanned systems to identify specific obj