Happy Sunday and welcome to InsideAI! I'm Rob May, a Partner at PJC, investing in Robotics and AI. Most recently I led the round in Root AI. I'm particularly interested in synthetic media, non-neural network AI, and robot companies that look economically like software companies. If you are building something like that please reach out.
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Talks related to TikTok’s sale of its U.S. business are at a standstill while parties try to determine if the app’s algorithms can be included in the acquisition. Last week, China's government restricted the export of AI and other technologies, which includes AI-driven personal content recommendations used in TikTok's app. Such restrictions mean the algorithms could require approval from the Chinese government to be included in the sale.
A new U.S. Government Accountability Office audit found underlying problems within the country's airport facial recognition program, including lack of performance testing and failure to tell the public where or how it works. Of the 16 million passengers that have been scanned upon arrival at U.S. airports, only seven were detained using the technology. At the southern border, 4.4 million pedestrians entering the U.S. from Sept. 2018 through Dec. 2019 were scanned, and 215 were stopped.
Boston startup Biofourmis, which developed an AI system to spot early signs of COVID-19, raised $100m in a funding round. The company's platform uses AI-based data analytics and biosensors to measure a patient's progress and the effectiveness of medical treatments. The Series C round was led by SoftBank Vision Fund 2, Softbank's tech investment fund focused on AI. The round also included participation from existing investors Openspace Ventures, MassMutual Ventures, Sequoia Capital, and EDBI.