Homebase
November 7, 2024
Welcome to Homebase Edition #26 - A weekly newsletter bringing you stories & insights from smart founders & tech leaders who are leveraging AI to build game-changing companies.
What’s on tap today:
Our interview with Mohammad Musa, Founder @ Deepen AI
Weekly AI Headline Recap
What's trending in AI
From mastering 3D visuals in the gaming industry to leading product launches at Google, Mohammad Musa's journey to founding Deepen AI was anything but typical. In 2017, he started his company with a mission that went beyond just creating autonomous vehicles—he wanted to make them extremely safe. Today, as Deepen AI partners with big brands like BMW and Mercedes-Benz, his vision of improving self-driving car safety through advanced sensor technology is becoming a reality.
What he achieved so far:
Major Partnerships: Collaborated with BMW and Mercedes-Benz, leading in autonomous vehicle safety.
Innovative Technology: Pioneered real-time sensor calibration, enhancing how self-driving cars adapt.
Versatile Applications: Extended technology into agriculture and robotics.
By expanding Deepen AI's technology beyond cars, Mohammad showcased its wide-ranging potential. His team's unique sensor fusion and real-time calibration have positioned Deepen AI at the forefront of autonomous safety.
How he did it:
Human-AI Collaboration: Ensured humans remain integral in AI systems.
Leveraged Gaming Expertise: Applied 3D visualization skills to real-world challenges.
Strategic Partnerships: Worked closely with industry leaders to drive innovation.
Unwavering Safety Focus: Maintained a steadfast commitment to the highest safety standards.
Key Highlights:
Safety is Paramount: In autonomous systems, safety cannot be compromised.
Human Touch Matters: AI should enhance human expertise, not replace it.
Think Broadly: Look beyond initial applications to discover new opportunities.
Full story here! 🔥🔥🔥
Meta Plans $52B AI Push (IM) Meta intensifies its AI development with a massive $52 billion infrastructure investment plan.
Musk Invests in Trump Campaign (F) Elon Musk reportedly contributes $130 million to support Donald Trump's presidential campaign efforts.
AI Drives Xometry's Record Growth (DC) Manufacturing marketplace Xometry achieves unprecedented revenue growth through AI-powered solutions.
LG Plans Trillion Won Investment (K) LG Uplus announces plans to invest 3 trillion won in artificial intelligence initiatives by 2028.
AI Startup Funds Clinical Trials (M) Research Grid raises $6.5 million to automate and streamline clinical trial processes using AI technology.
Key Player:Â Codeium
Market Value:Â Raised a $65 million Series B round earlier this year at a $500 million valuation.
Adoption:Â AI searches are up 9700% in the last 2 years.
Recent Developments: Leverages generative AI as a code completion tool and features an AI chatbot designed to assist programmers.
Growth: The explosive 9700% increase in "Codeium" searches over the past 2 years indicates rapidly growing adoption and demand for the company's generative AI-powered tools among small businesses and developers.
Why It Matters: For small businesses with few employees, improving efficiency is essential. Generative AI tools like Codeium can help by automating tasks like code completion, reducing manual work.
The Big Picture: Small businesses are quickly adopting generative AI to save time and cut costs. Searches for "small business AI" have risen 1500% in the past five years, and most small business owners plan to try it soon. AI can handle tasks like design and customer support, helping small businesses work more efficiently and compete with larger companies.
AI-driven Robotaxi... or is it just outsourced?
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