The Surge of Edge AI Hardware
Deep tech and blockchain with updates on new LATAM startups. Market forecasts and investment news that could changes the Generative AI race in the region —and around the world.
The latest news and trends in the Latin American AI startup scene.
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Global Edge AI Hardware Market 2023-2032: The Rise of Investments in AI Startups
The global edge AI hardware market is set to explode, hitting a staggering USD$7.977 billion by 2032. What's fuelling this growth? Think about your insatiable hunger for AI-enabled gizmos, the blossoming of edge computing in the IoT sphere, the autonomous car revolution, and those shiny new decision-making machines that don't hesitate for a nanosecond.
But, hold onto your silicon chips; it doesn't stop there. As we shrink ginormous AI models into hardware that fits in the palm of your hand and governments open their wallets wider, edge AI hardware will further prosper. Tech powerhouses like the US and Germany are gearing up to lead this march forward. (CISION PRNewswire)
Quick News
The DFINITY Foundation allocates USD$5 million to AI projects. The nonprofit DFINITY Foundation launches a USD$5 million bounty program to boost the development of Artificial Intelligence applications in blockchain. The program will fund the development of decentralized Artificial Intelligence (DeAI) that seeks to drive ICP Hub LATAM in Latin America. (Business Insider Mexico)
ZoomAgri, the Argentine agritech, receives USD$6 million from GrainCorp and GrainInnovate. ZoomAgri, a global Argentine agricultural technology company that uses AI and machine learning for grain variety recognition, has just raised USD$6 million in an investment round led by GrainCorp and GrainInnovate, along with venture capital funds like the Grain Research Corporation (GRDC) and Artesian, and a larger participation from existing investors SP Ventures.(Contxto)
Botmaker selected for Google for Startups Accelerator program The renowned chatbots development company based in Latin America, has been selected as one of the companies participating in the prestigious Google for Startups Accelerator program. This initiative aims to provide mentoring, support and tools to address technical and product challenges, focused on Google technologies and programming tools. (Prensario TI Latin America)
Kamay Code is coming to São Paulo to connect the innovation ecosystem The multicorporate investment fund Kamay Ventures is bringing its Kamay Code program to São Paulo, with the aim of nurturing and strengthening ties with the region’s technological ecosystem and talent. The event, which will take place on August 22, 2023, at CUBO, offers free admission, although spaces are limited. (Contxto)
Colombian startups will be able to access free software to create their own apps. The program, called WSO2 for Startups, provides startups with access to software, support and funding. Startups that are selected for the program will have access to Choreo software, a SaaS application development suite with artificial intelligence tools, and Asgardeo, another SaaS solution that manages customer identity and access (CIAM). They will also receive support from a senior architect and WSO2's customer service team. In addition, they will get an allowance of USD$2,100 for three months for costs. (Enter.co)
Deep Tech: The new wave in Latin America. A study focused on 340 funded startups and a USD$8 billion market, estimates that the deep tech ecosystem in Latin America and the Caribbean will grow 20 times more in the next decade. In Peru, the case of the startup Tumi Robotics stands out. The robotics company, founded in 2016 by Francisco Cuellar and Claudia Akemine, is dedicated to the development of Artificial Intelligence and robotics, and has raised USD$10 million in capital.
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Food for Thought
AI Startup Raises USD$1.3 Billion! (Start of Market Bubble!?!?)
The artificial intelligence market is experiencing a boom, but its growth is sustainable in the long term, is it not a bubble? The following podcast analyzes the current situation of the AI industry. (All-In Podcast Clips)
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