AI industrial operating systems trendy— but agricultural AI is the future

Tractian raises USD$47 million. albo acquires delt.ai. Binance gets license to operate in El Salvador. AI's "tectonic change" in LATAM. Big revenues for Agricultural AI.

Aug 09, 2023

The latest news and trends in the Latin American AI startup scene.

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Tractian Raises USD$47M Investment in Mexico

Tractian, the industrial operating systems company with artificial intelligence (AI), announced an investment of MXN$800 million (USD$47M) in its Series B. General Catalyst led the investment.

With this new investment round, Tractian seeks to strengthen its position as one of the fastest-growing industrial startups. According to a press release from the company, from 2022 to 2023, Tractian doubled the number of clients in Brazil, Mexico, and the United States, reaching a total of more than 500 multinational clients such as Grupo Bimbo, La Costeña, Johnson Controls, Avon, and Clarios. Additionally, the company has experienced growth of more than four times in its revenues between 2022 and 2023, the document highlights. (Contxto)

Quick News

albo, the Mexican Neobank, Acquires delt.ai for USD$20M, strengthening its offer for consumers and SMEs. albo, the neobank in Mexico, has confirmed the purchase of the fintech company delt.ai, specializing in financial services for small and medium-sized enterprises (SMEs), for USD$20 million. With this strategic acquisition, albo strengthened its position in the Mexican financial sector, becoming the only neobank to offer debit and credit products for consumers and SMEs. (Contxto)

Binance Obtains License for Cryptocurrency Exchange in El Salvador. El Salvador’s central bank and crypto regulator have granted Binance a Bitcoin Service Provider (BSP) License and a Digital Asset Service Provider (DASP) license. With these new licenses, users will gain custody services, cryptographic payment processing, digital wallets, and the ability to conduct digital asset exchanges within the Central American country. Binance is a well-known cryptocurrency exchange platform that combines digital technology and finance. (Contxto)

LatAm in Focus: What AI's "Tectonic Change" Means for Latin America. How can the region benefit from the AI revolution without leaving people behind? For Ángel Melguizo, a Latin America advisor to UNESCO on AI, roughly a third of Latin Americans “don't have the connectivity or the skills to take advantage of AI, and they should be also the focus.” Melguizo, who is also a partner at green technology and economic consulting firm Argia, spoke with AS/COA about the “tectonic change” that comes with AI, the challenges at hand, and how it could even help pave the way to more inclusive policies. (AS/COA)

OpenAI launches web crawler GPTBot amid plans for next model: GPT-5. Artificial intelligence firm OpenAI has launched GPTBot — its new web crawling tool tit says could potentially be used to improve future ChatGPT models. “Web pages crawled with the GPTBot user agent may potentially be used to improve future models,” OpenAI said in a new blog post, adding it could improve accuracy and expand the capabilities of future iterations. That’s great news for all users in LATAM… Right? (Coin Telegraph)

Automotive Artificial Intelligence Market Next Big Thing | Major Giants Audi AG, Daimler AG, Toyota Motor Corporation, Honda Motor Co. Ltd. Advance Market Analytics published a new research publication on Automotive Artificial Intelligence Market Insights, to 2028 with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. (Digital Journal)

AI in Agriculture Market Will Hit Big Revenues in Future. Agricultural AI refers to the use artificial intelligence in Agriculture. Agricultural AI helps to predict analysis. Fueling Demand artificial intelligence techniques such as Cattle Face Recognition Technology, precision agricultural, drone analytics, agriculture robots, and livestock observing will help to boost the global agriculture AI market. (Open PR)

Voice Cloning Market Projected to Show Strong Growth. The growth of the Voice Cloning Market was mainly driven by the increasing R&D spending across the world. It is based on copying and reusing of recorded voice or speech with the help of cloning software. According to AMA, the Global Voice Cloning market is expected to see growth rate of 29.8% and may see market size of USD$1741.1 Million by 2026. (Digital Journal)

Robotics Market to Register Growth of 9.2%. According to the International Federation of Robotics (IFR), the automotive segment remains the world's largest robotics market with a record 21 Percent growth in 2017. According to AMA, the Global Robotics market is expected to see growth rate of 9.2% and may see market size of USD$50.32 Billion by 2028. (Open PR)

Zendesk wants to integrate human talent and artificial intelligence. One of the first applications of Trends like artificial intelligence (AI) is chatbots, service applications based on natural language processing (NLP) algorithms. This way they can clear doubts and regular queries in a conversational manner. Thus, organizations can optimize operating time and quality of service. (Nation World)

Why Sam Altman wants to scan two billion eyes. Sam Altman –the executive behind ChatGPT– has scanned the irises of more than two million people with a metal sphere, to prove that they’re human. The process is simple: you install an application on your mobile phone and receive a QR code. Then, you must allow a metallic sphere to look at you with its eye and generate a “personality test.” The proof is then associated with the QR code and the app becomes a passport called World ID. This also acts as a digital wallet for a cryptocurrency called Worldcoin. (El País)

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Food for Thought

What the Finance Industry Tells Us About the Future of AI
What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players. But it may not leave the overall system better off. (Harvard Business Review)