CNN reporter Peter Valdes-Dapena writes that MIT researchers are working with Lamborghini to develop a battery-free, electric supercar. Valdes-Dapena explains that instead of running on batteries, the body of the car, which would be made from exotic carbon nanotubes, would be used as a supercapacitor.
As part of HUBweek, more than two dozen robots were publicly displayed at City Hall Plaza reports Kim Tunnicliffe for CBS Boston. The “robot block party” featured an autonomous vehicle petting zoo, which included “self-driving vehicles created by nuTonomy, Optimus Ride, Delphi and a collaboration between Toyota and the Massachusetts Institute of Technology.”
The Engine has raised $200 million and financed its first seven companies “in fields such as aerospace, advanced materials, genetic engineering and renewable energy,” reports Michael McDonald of Bloomberg.
Asma Khalid of WBUR reports that The Engine has raised $200 million and funded its first seven “tough tech” companies. "We have to believe it's a breakthrough [idea] that can have big impact in the world," says Katie Rae, president and CEO of The Engine, of the selected companies.
Boston Globe reporter Andy Rosen writes that The Engine has raised $200 million to invest in “tough tech” companies. “The interest from private investors reflects a recognition that the venture capital world must find better ways to evaluate the technical promise of emerging technologies, and give them time to succeed,” notes Katie Rae, CEO of The Engine.
The Engine has announced its initial investments in seven startups ranging from alternative energy to space communications, reports Alex Konrad of Forbes. “By helping research teams productize their ideas early, at the pre-seed and seed stages of investment,” The Engine hopes to keep talented students and professors in the Boston area, explains Konrad.
IBM is joining forces with MIT to establish a new lab dedicated to fundamental AI research, reports the AP. The new lab will focus on, “advancing the hardware, software and algorithms used for artificial intelligence. It also will tackle some of the economic and ethical implications of intelligent machines and look at its commercial application.”
IBM has invested $240 million to develop a new AI research lab with MIT, reports Jing Cao for Bloomberg News. “The MIT-IBM Watson AI Lab will fund projects in four broad areas, including creating better hardware to handle complex computations and figuring out applications of AI in specific industries,” Cao explains.
CNBC reporter Jordan Novet writes that MIT and IBM have established a new lab to pursue fundamental AI research. Novet notes that MIT, “was home to one of the first AI labs and continues to be well regarded as a place to do work in the sector.”
Boston Globe reporter Andy Rosen writes that MIT and IBM have established a new AI research lab. “It’s amazing that we have a company that’s also interested in the fundamental research,” explains Anantha Chandrakasan, dean of the School of Engineering. “That’s very basic research that may not be in a product next year, but provides very important insights.”
Writing for Fortune, Barb Darrow highlights how IBM has committed $240 million to establish a new joint AI lab with MIT. Darrow explains that, “the resulting MIT–IBM Watson AI Lab will focus on a handful of key AI areas including the development of new 'deep learning' algorithms.”
Aaron Schrank reports for Marketplace that the textile industry is experiencing a revival as it creates more technologically advanced fabrics. Schrank highlights the Advanced Functional Fabrics of America (AFFOA) Institute, led by Prof. Yoel Fink, where researchers have developed programmable backpacks that should be able to “send you an email when they get lost."
New Scientist reporter Aylin Woodward writes MIT researchers used the MIT Bitcoin Project, which provided freshman access to bitcoin, as an opportunity to examine early-adoption behaviors. The study shows that if you make “early adopters feel special…their resulting enthusiasm seems to help technology go viral.”
This CNN video highlights the new programmable backpack unveiled during the grand opening of the AFFOA headquarters in Cambridge. MIT alumnus Tairan Wang, COO of AFFOA, explains that the backpack is made with a programmable fabric that allows users to share information. The technology addresses how people initially connect, Wang explains.
The launch of the AFFOA headquarters featured demos of two new smart fabrics, including a programmable backpack and fabric that uses LED lights to stream information to the wearer, writes Donna Goodison for the Boston Herald. Prof. Yoel Fink, AFFOA’s CEO, explains that, “the way to changing what fabrics are involves changing what fibers are.”