Anki raises m as money pours into AI start-ups

Anki, a San Francisco start-up whose toys are powered by artificial intelligence, has raised $52.5m in its latest funding round, as it unveils its latest robot, Cozmo. JPMorgan led the round, alongside Silicon Valley venture capital firms Andreessen Horowitz and Index Ventures, brining the six-year-old company’s total investment to $182.5m. More IN Technology Even as tech funding has waned in some once-hot areas such as on-demand delivery apps, venture capital has flooded into AI start-ups over the past 18 months. The ability to process large amounts of data more quickly and cheaply, thanks to ever-increasing processing power used in smartphones and high-resolution graphics in video games, has spawned hundreds of AI start-ups focused on areas ranging from virtual assistants to self-driving cars. Anki’s staff includes AI experts from research labs…


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