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Spear AI raises first round of funding to apply AI to submarine data
By Stephen Nellis SAN FRANCISCO (Reuters) -A startup founded by U.S. Navy veterans aiming to help the U.S. military use artificial intelligence to decipher data gathered by submarines has raised its first round of outside capital. Washington-based Spear AI specializes in working with what is known as passive acoustic data, which is gathered by listening devices underwater. Its long-term aim is to use AI to help submarine operators understand whether an object heard could be a rain squall, a whale, or a vessel that could be a threat, and to detect where it is and how fast it is moving. The challenge is that most existing AI tools are trained on data such as words or images that have been painstakingly labeled and organized over years or decades by companies such as Scale AI, which recently signed a $14.8-billion deal with Meta Platforms. Data from acoustic sensors is different. Spear AI co-founders Michael Hunter, a former U.S. Navy SEAL analyst, and John McGunnigle, a former nuclear submarine commander for the U.S. Navy, are building a hardware and software platform that aims to prepare that data for AI algorithms. The company sells sensors that can be attached to buoys or vessels and a software tool to help label and sort the data gathered by the sensors to make it ready to be put into AI systems. The U.S. Navy this month awarded Spear AI a $6-million contract for its data-labeling tool. Spear AI, founded in 2021, has been self-funded and has about 40 employees. Hunter, the CEO, said it raised $2.3 million from AI-focused venture firm Cortical Ventures and private equity firm Scare the Bear. The funding will be used to double the company's headcount to support its government contracts and commercial business prospects, such as monitoring underwater pipelines and cables. Hunter said Spear AI also aims to sell consulting services, a model similar to defense tech firm Palantir. "We wanted to build the product and actually get it out the door before the contract came in to get it," Hunter told Reuters. "The only way you can do that is with private capital." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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17 minutes ago
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Real Madrid ready to admit DEFEAT over Ibrahima Konate
Bubbling away in the background of a landmark Liverpool summer transfer window has been the saga of . The Reds under sporting director have been busy adding quality all over the pitch - with Florian Wirtz, Hugo Ekitike, Milos Kerkez, Jeremie Frimpong and Giorgi Mamardashvili all arriving. LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now But centre-back has been suggested as an area potentially in need of attention considering the contract situation revolving around Konate. The 26-year-old has got less than 12 months left on his current deal - expiring in June 2026. So far there has been no breakthrough over a new deal - with it earlier reported that the France defender would be seeking £200k per week to renew. Konate a priority Madrid target However those reports were superseded by ones stating that Konate had made up his mind and would DECLINE a renewal from the Reds. Liverpool, it was mooted, would be powerless to prevent Konate from running down his deal and joining Real Madrid for free in 2026. Only things are not working out that way. Madrid have got reason to believe that adding Konate as a new free transfer is not going to be as easy as they first thought. First came the reports from France declaring that Liverpool had made a new contract offer to Konate. Madrid plot Konate Plan B And while that offer has not been answered as yet, it was enough to scare the Madrid media into reporting that adding Konate was now tougher than ever. That's been followed up with a report in Defensa Central which states that Xabi Alonso is now activating Plan B as Konate slips from their grasp. 'Xabi Alonso is seriously considering the possibility of counting on Joan Martínez,' the report reads, adding that the Madrid academy graduate is now due a promotion. © IMAGO Madrid rolling back from Konate claims The reason for the 17-year-old being drafted into the first-team picture is increasing uncertainty over the fate of Konate. Madrid media are now rowing back from their previous claims that the Konate deal was all but done. That should give us an indication of how they feel Liverpool contract talks are going to go. Konate should take a look around at what Liverpool have added this summer and provided the club can match his demands he needs to commit his future long-term to the reigning Premier League title holders.
Yahoo
17 minutes ago
- Yahoo
Nvidia Reaches New Peak as Google Lifts Cloud Spending Forecast
July 25 - Nvidia (NASDAQ:NVDA) hit a fresh intraday high Friday, edging up 0.5% to $174.53 in early trading, on track to close at a record if it holds. The GPU pioneer gained momentum after a 1.7% pop Thursday, as investors brace for a wave of tech earnings next week. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Wall Street sees Nvidia chips as the go?to for AI model training, and expectations remain lofty. Alphabet (NASDAQ:GOOGL) underlined that demand by lifting its 2025 capital?expenditure forecast by 13% to $85 billion, signaling more server and data?center builds, including Nvidia's gear. While Google touts its custom TPUs, it still backs GPUs to meet broader cloud needs. Ben Reitzes of Melius Research states that Google Cloud is currently capacity constrained but anticipates subsequent growth in the second half because Google can deploy more capacity. Such a dynamic would fuel a long-term market of Nvidia sales and other conglomerates, such as AMD (NASDAQ:AMD), which would be able to sustain an AI-fueled GPU demand. As significant Nvidia reports are still ahead, its stocks might remain unstable, but the boom in AI infrastructure does not appear to have reached its limit. This article first appeared on GuruFocus. Sign in to access your portfolio
