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AI chip maker SambaNova raises $676 million, valued at over $5 billion By Jane Lanhee Lee Reuters (Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp's Vision Fund 2. The latest injection took SambaNova’s total funding to more than $1 billion, valuing the company at more than $5 billion, it said. The funding round is the third biggest venture capital deal in chips the last two decades, according to data firm PitchBook. ...

March 15, 2021 The commercial drone industry, and BVLOS drone delivery, took a big step forward last week as officials demonstrated the first working UTM prototype in Singapore.  U.S. company OneSky joined global technology firm Nova Systems on the project to provide advanced unmanned traffic management capabilities in Singapore’s unique urban environment. “This brings to a close a two-year consortium project, led by Nova, and co-founded as part of the UAS Call-For-Proposals (CFP) by the Ministry of Transport (“ MOT”) and Civil Aviation Authority of Singapore (“ CAAS”). It mark...

U.S.-based OneSky and Australian company Nova Systems completed trials in March of a proposed system for managing low-altitude drone traffic in Singapore.

The Straits Times Foundation for 'air traffic control tower' for drones in Singapore in place after successful trials The drone system, called an UAS traffic management system, arose from a call-for-proposals issued by the Ministry of Transport and the Civil Aviation Authority of Singapore.ST PHOTO: DESMOND FOO The Nova drone system is similar to a traditional flight management system for manned aircraft which helps to assign and monitor flight routes in real-time.ST PHOTO: DESMOND FOO https://str.sg/JjnY They can read the article in full after signing up for a free account. Share link: Or sh...

The Straits Times Trials for a safe system to manage traffic on a large scale successful Above: A "command centre" set up for a media demonstration of the system.ST PHOTO: DESMOND FOO Above: During the demo, drones took off near Marina South Pier. Flight plans for several drones were uploaded to the system, which then monitored and managed the flights concurrently.ST PHOTO: DESMOND FOO Kenny Chee Senior Tech Correspondent PublishedMar 13, 2021, 5:00 am SGT https://str.sg/Jj8m They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to ...