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Robin Williams was interested in playing Hagrid in the Harry Potter films but was turned down because J.K. Rowling insisted on using only British and Irish actors.
What’s in store:
Radical Ventures, betting on the future one billion at a time.
AI gives wildfire predictions and saves lives.
Around the web: A federal judge blocked Disney, Fox, and Warner Bros.' Venu Sports streaming service.
Master AI with a free masterclass from Growth School!
Read Time: 5 minutes
AI STARTUPS
Radical Ventures, a Toronto-based venture capital firm, has raised nearly $800 million to create the largest AI-focused fund.
This is their third fund, aimed at supporting growth-stage start-ups, following $550 million in 2022 and $350 million in 2019.
Key investors include former Google chief Eric Schmidt, AI expert Fei-Fei Li, and Geoffrey Hinton, along with Canadian pension funds like CPP Investments, which recently committed $75 million, raising its total investment in Radical to $204 million.
Here’s what you should know:
Radical Ventures raised $800 million for AI growth-stage start-ups.
Backed by prominent figures and Canadian pension funds.
Leading AI investor since 2017, with early support for companies like Cohere.
No guts, no glory
Despite some concerns about AI start-up returns, Radical Ventures co-founder Jordan Jacobs remains confident in the firm’s ability to invest in future industry giants.
Founded in 2017, Radical has been a leader in AI investments, backing companies like Cohere, now valued at $5.5 billion.
Venture capitalists have heavily invested in AI over the past two years, even as broader start-up funding has faced challenges.
Radical’s founders, who studied under AI pioneer Geoffrey Hinton, recognised AI's transformative potential early on and have remained committed to the field ever since.
Who needs a crystal ball when you’ve got $800 million and a few AI start-ups?
Is $800M into AI worth the gamble? |
Vote for live results and see results + opinions from yesterday at the bottom of the email.
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On This Day
August 18th 1868 - French astronomer Pierre Janssen discovers helium while observing a total solar eclipse in Guntur, India.
AI Image Or Real? The Results
Makes you wanna have another cup right?
79% said AI…
21% said it was real…
IT WAS REAL! We got you!
Free Resources
We have gathered a great collection of the best AI tools that can help you with your sales and marketing strategy.
AI AND NATURE
Every morning, California’s top firefighters now use AI to predict wildfire behaviour, identify high-risk areas and improve their response plans.
Chief Phillip SeLegue explains that when AI signals a high fire risk, they strengthen their response with extra resources.
This change is already making a big difference, as AI cuts the time it takes to predict fire paths from hours to seconds.
Here’s what’s happening:
AI reduces fire path prediction times from hours to seconds, boosting response speed.
It predicts wildfires up to 10 days in advance by analysing large datasets.
Global projects are using AI to predict and manage wildfires on a wider scale.
Fighting fire with code
AI’s ability to predict wildfires days in advance is a game changer.
By examining large amounts of data on vegetation, weather, and ignition risks, AI helps foresee when and where wildfires might start.
This predictive power is already in use not just in California but in other US states and countries like Chile and Spain.
These AI systems use advanced tools like Lidar to map vegetation and predict how fires might spread.
Around the world, other AI projects are underway, aiming to predict fires by analysing factors like lightning strikes and CO2 levels.
As AI continues to develop, its role in wildfire management will grow, providing more accurate predictions and improving firefighting efforts globally.
Fire chiefs not only check the weather app now but their AIs too.
AI TOOLS
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Mindstream Picks
Space: SpaceX's Transporter-11 mission launches 116 satellites for government and commercial customers.
Crypto: Digital euro faces resistance in Germany, Austria, Netherlands, and Slovakia.
Gaming: Krafton acquires Tango Gameworks, including Hi-Fi Rush IP, ensuring a smooth transition with Xbox.
Stock: Strategist warns market is too complacent about potential oil price surge.
Don’t Miss - A New York federal judge blocked Disney, Fox, and Warner Bros.' planned sports streaming service, Venu Sports, after Fubo claimed it violated antitrust laws by creating a near-monopoly. The ruling supports Fubo's argument that the service would unfairly disadvantage competitors by consolidating key sports channels.
AI Art
Our Image of the Day
Artwork submitted by Mindstream reader Jimena S: “Tyrannosaurus rex in the jungle”
Daily Image Prompt
Space Invaders
Yesterday’s Poll
“Is Nvidia's push into health care the breakthrough we've been waiting for, or just a high-tech placebo?”
Game-changing innovation - 63% ✅
Tech hype with a prescription - 37%
Your Views:
“I am developing an application to help people with cognitive troubles live a better, safer life and remain independent for a long time. I believe we need more tools like this, supported by AI data analytical capabilities.” - almoisan
“It will be great for research, problems when insurers use it to chart clients and their risks.” - beck
Submit your opinions in our daily poll to be featured!
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