H3 Dynamics secures $26M in mission to decarbonize airspace

H3 Dynamics gets $26 million series B funding to decarbonize air cargo and drone delivery logistics

The environmental benefits of flying over driving are hard to dispute. Aviation accounts for about 12% of all carbon emissions from transport, a fraction of the 74% of emissions pumped out by road transport – in fact, today’s aircraft have about twice the fuel efficiency as the earliest jet airliners from the 1960s. But there’s a problem – demand is through the roof.

Air cargo is, both literally and figuratively, taking off. According to the International Air Transport Association, taking...

https://www.freightwaves.com/news/h3-dynamics-secures-26m-in-mission-to-decarbonize-airspace

Baidu chip unit reported at $2B valuation; China dominates AI, report finds

Baidu Inc. (NASDAQ:BIDU), one of China’s largest multinational technology companies, has completed a fundraising round on its artificial intelligence (AI) chip, Kunlun, that would value the business at $2 billion, a source told Reuters. The round, which generated an undisclosed amount of funding, was led by CITIC Private Equity Funds Management (CPE), and is said to include IDG Capital, Legend Capital and Oriza Hua. 

The Kunlun chip has been praised for its development of autonomous vehicles and...

https://s29755.pcdn.co/news/baidu-chip-unit-reported-at-$2b-valuation;-china-dominates-ai-report-finds

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