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Modulus, a cell therapy biotech incubated at the Allen Institute for AI, raises $3 5M
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AI voice actors are more humane than ever and are willing to hire
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Madrona Awards the Madrona AI Impact Prize to Researchers Who Uncovered the Environmental Costs of Training AI Models
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Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund
December 31, 2020 at 9:58 am
Madrona Venture Group managing directors from L to R: Tim Porter, Matt McIlwain, Len Jordan, Tom Alberg, S. Somasegar (Soma), Hope Cochran, Steve Singh, Scott Jacobson, and Paul Goodrich. (Madrona Photo)
Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups. It marks the firm’s largest fundraising effort.
Madrona reeled in $345 million for its eighth fund money that it will use to invest in 35-to-40 Pacific Northwest tech startups over the next several years. It also raised $161 million for its second “Acceleration Fund,” designed for more mature companies located across North America.
AI’s Carbon Footprint Issue Is Too Big To Be Ignored
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A lot has been said about the capabilities of artificial intelligence, from humanoid robots, self-driving cars to speech recognition. However, one aspect of AI that often doesn’t get spoken about is its carbon footprint. AI systems consume a lot of power, and resultant of this generate large volumes of carbon emissions that harm the environment and further accelerate climate change.
AI Carbon Footprint
It is interesting to note the duality of AI in terms of its effect on the environment. On the one hand, it helps in devising solutions that can reduce the effects of climate and ecological change. Some of which include smart grid design, development of low-emission infrastructure, and climate change predictions.