AI innovation, application make life smarter chinadaily.com.cn | Updated: 2021-04-21 14:48 Share CLOSE A visitor interacts with a robot at an AI innovation and application summit in Jinan, East China s Shandong province, on April 19, 2021. [Photo/Xinhua]
AI innovations and applications are expected to make people s lives smarter and more convenient, as showed at an AI innovation and application summit in Jinan, East China s Shandong province.
Diversified AI technologies and applications are on display at the inaugural Summit of Jinan National Artificial Intelligence Innovation and Application Pilot Zone & the Exposition of Artificial Intelligence Innovation and Application on Yellow River Basin in Jinan.
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AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M Our Bureau 1444
AeroVironment said it acquired Progeny Systems Corporation’s Intelligent Systems Group (ISG) for $30 million earlier this week.
Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets.
The ISG team will merge with AeroVironment’s MacCready Works Advanced Solutions team. The ISG facility in Virginia will now operate as AeroVironment’s new Artificial Intelligence Innovation Center. The ISG team will collaborate with teams across AeroVironment to integrate cutting-edge technologies into the company’s growing offering and solution roadmap. For example, new artificial intelligence and perceptive autonomy capabilities from ISG will enable AeroVironment’s unmanned systems to identify specific obj
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