Latest news with #CLIP
Hans India
a day ago
- Business
- Hans India
Nvidia Unveils Cosmos Reason AI to Give Robots Human-Like Thinking and Planning Skills
Nvidia has taken a bold step toward the future of robotics with the introduction of Cosmos Reason AI, a next-generation reasoning vision language model (VLM) built to help robots think, plan, and act more like humans in the physical world. The 7-billion-parameter open and customizable model is tailored specifically for physical-world AI and robotics, offering far more than traditional VLMs. According to Nvidia, while models like OpenAI's CLIP excel at identifying objects and patterns, they often struggle with complex or ambiguous instructions. Cosmos Reason aims to bridge that gap by incorporating prior knowledge, physics-based understanding, and common sense reasoning—skills crucial for breaking down tricky commands into smaller steps, adapting to unfamiliar surroundings, and making deliberate, methodical choices. 'By combining AI reasoning with scalable, physically accurate simulation, we're enabling developers to build tomorrow's robots and autonomous vehicles that will transform trillions of dollars in industries,' said Rev Lebaredian, vice president of Omniverse and simulation technologies at Nvidia. Real-World Uses and Early Adoption The company says Cosmos Reason can handle a range of tasks including data curation and annotation, robot planning and reasoning, and video analytics. For instance, it could help automate the labeling of massive, varied datasets, serve as a robot's 'brain' integrating vision, language, and actions, or process huge volumes of video to extract insights or detect problems. Already, Nvidia's robotics and DRIVE teams are employing the technology for training data filtering and annotation. Major companies such as Uber, Magna, VAST Data, Milestone Systems, and Linker Vision are exploring its potential for applications like autonomous driving, delivery robots, traffic monitoring, industrial inspection, and safety enhancements. Nvidia notes that in autonomous vehicles, Cosmos Reason could add 'world understanding' to improve trajectory planning. Part of a Larger AI Ecosystem Cosmos Reason has been developed alongside Nvidia's Cosmos world foundation models (WFMs), which have been downloaded more than two million times. Alongside this launch, Nvidia introduced Cosmos Transfer-2, an upgraded synthetic data platform that streamlines photorealistic 3D scene creation. This improvement reduces the process from 70 steps to just one, enabling much faster AI training using Nvidia RTX PRO servers. Simulation and Hardware Boosts To support the new AI model, Nvidia has also rolled out updates to its Omniverse simulation platform, adding SDKs and libraries for industrial AI and robotics. New features include interoperability between MuJoCo (MJCF) and Universal Scene Description (OpenUSD), plus Omniverse NuRec libraries for 3D Gaussian splatting. In robotics simulation, Isaac Sim 5.0 and Isaac Lab 2.2—now open source on GitHub—come with integrated NuRec rendering. These tools are already being linked with simulators like CARLA for autonomous vehicle testing. On the hardware side, Nvidia unveiled RTX PRO Blackwell Servers, designed to handle unified robot development workloads, and expanded DGX Cloud availability on Microsoft Azure Marketplace for Omniverse developers. With Cosmos Reason AI, Nvidia is not just teaching robots to 'see' the world—it's training them to truly understand and navigate it with intelligence and adaptability.
India Today
a day ago
- Business
- India Today
Nvidia debuts Cosmos Reason AI to help robots think and plan in the physical world
Nvidia has unveiled Cosmos Reason AI, a reasoning vision language model (VLM), designed to give robots the ability to plan and act with human-like understanding of the physical world. The 7-billion-parametre open and customisable model - Cosmos Reason - is built specifically for physical-world AI and robotics, Nvidia says. Other VLMs such as OpenAI's CLIP excel at object and pattern recognition but fall short in handling complex or ambiguous tasks, Nvidia explains. Its Cosmos Reason AI however uses prior knowledge, physics understanding, and common sense so robots can - in theory - break down complex commands into smaller tasks, adapt to unfamiliar settings, and make deliberate, methodical decisions making them smarter and more efficient. advertisement'By combining AI reasoning with scalable, physically accurate simulation, we're enabling developers to build tomorrow's robots and autonomous vehicles that will transform trillions of dollars in industries,' said Rev Lebaredian, vice president of Omniverse and simulation technologies at Nvidia. Detailing real-world applications of its new model, Nvidia says Cosmos Reason can be used for data curation and annotation, robot planning and reasoning, and video analytics. Giving an example, Nividia explains that the Cosmos Reason can help companies automate labelling big, varied datasets, act as the 'brain' for robots combining vision, language, and actions, and analyse tons of video to find insights or solve company adds that its robotics and DRIVE teams are already using Cosmos Reason for training data filtering and annotation, while companies including Uber, Magna, VAST Data, Milestone Systems, and Linker Vision are exploring its use for autonomous vehicles, delivery robots, traffic monitoring, safety improvements, and industrial inspection. Nvidia says this new model will add world understanding to the vehicles' trajectory planning has developed its new Cosmos Reason model alongside its Cosmos world foundation models (WFMs), that has been downloaded over 2 million times, per the company. Additionally, Nvidia has also announced Cosmos Transfer-2, an update to its synthetic data platform that speeds up photorealistic 3D scene creation from simulations or spatial inputs. This update, according to the company, reduces processing from 70 steps to just one, enabling rapid generation on Nvidia RTX PRO servers, making AI training and development faster and more efficient. Omniverse and simulation upgradesNvidia has also rolled out updates to its Omniverse simulation platform, with new SDKs and libraries for industrial AI and robotics. These include interoperability between MuJoCo (MJCF) and Universal Scene Description (OpenUSD), and the new Omniverse NuRec libraries for 3D Gaussian splatting. For robot simulation, the company has introduced Isaac Sim 5.0 and Isaac Lab 2.2, which is now open source on GitHub, with NuRec rendering integrated into simulators like CARLA for autonomous vehicle support these new capabilities, Nvidia has introduced RTX PRO Blackwell Servers for unified robot development workloads and has expanded DGX Cloud availability on Microsoft Azure Marketplace for Omniverse developers.- Ends
Cision Canada
06-08-2025
- Business
- Cision Canada
Continuity Biosciences Appoints Josephine Torrente and Joseph DeSimone, PhD to Board of Directors
BRADENTON, Fla. , Aug. 6, 2025 /CNW/ -- Continuity Biosciences, a company pioneering next-generation combination product drug delivery, today announced the appointment of two highly distinguished leaders to its Board of Directors: Josephine M. Torrente , Director at Hyman, Phelps & McNamara, P.C., and Dr. Joseph M. DeSimone , serial entrepreneur and professor at Stanford University . These appointments mark a significant step forward in Continuity's mission to advance transformative drug delivery technologies, supported by world-class regulatory expertise and materials science innovation. Josephine M. Torrente Current Role: Director, Hyman, Phelps & McNamara, P.C., the largest dedicated FDA regulatory law firm in the U.S. Director, Hyman, Phelps & McNamara, P.C., the largest dedicated FDA regulatory law firm in the U.S. Experience: Over 30 years advising pharmaceutical and biotechnology companies on FDA regulatory strategy, product development, and lifecycle management Over 30 years advising pharmaceutical and biotechnology companies on FDA regulatory strategy, product development, and lifecycle management Strategic Contribution: Ms. Torrente's deep regulatory insight will guide Continuity's clinical development and FDA engagement strategies as the company scales its pipeline Dr. Joseph M. DeSimone Current Role: Sanjiv Sam Gambhir Professor of Translational Medicine and Chemical Engineering, Stanford University Sanjiv Sam Gambhir Professor of Translational Medicine and Chemical Engineering, Honors and Recognition: National Medal of Technology and Innovation recipient; inventor on 200+ patents; author of 350+ scientific publications; One of only 25 people elected into all three US National Academies- Science, Engineering and Medicine National Medal of Technology and Innovation recipient; inventor on 200+ patents; author of 350+ scientific publications; One of only 25 people elected into all three US National Academies- Science, Engineering and Medicine Entrepreneurial Leadership: Co-founder of Carbon (developer of CLIP 3D printing); founder of Focal Medical (acquired by Continuity) and PinPrint , a 3D microdispensing platform in which Continuity has made a strategic investment Co-founder of (developer of CLIP 3D printing); founder of (acquired by Continuity) and , a 3D microdispensing platform in which Continuity has made a strategic investment Strategic Contribution: Dr. DeSimone's expertise in materials science, digital manufacturing, and drug delivery perfectly aligns with Continuity's platform focus on localized, precision therapeutics Executive Commentary "We are honored to welcome Josephine and Joe to our Board," said Bob Whitehead , Co-Founder and Executive Chairman of Continuity Biosciences. "Josephine's regulatory acumen and clear-eyed judgment are second to none. Joe is not only a visionary in drug delivery but also a trusted partner in our efforts through Focal Medical and PinPrint. Their expertise will be instrumental as we continue to scale our programs and build long-term value." Torrente and DeSimone join Continuity's existing Board of Directors, which includes Bob Whitehead and Ramakrishna Venugopalan , PhD, MBA (Continuity's co-founders), Monica Reed , MD, Mike Fowler , and Allen Weiss . Krishna Venugopalan formerly led combination product development at AbbVie, contributing to flagship therapies Skyrizi and the newly launched Vyalev —both high-impact combination products formerly led combination product development at AbbVie, contributing to flagship therapies and the newly launched —both high-impact combination products Mike Fowler is CEO of Affordable Housing Partners, Inc., which is a subsidiary of Berkshire Hathaway is CEO of Affordable Housing Partners, Inc., which is a subsidiary of Berkshire Hathaway Allen Weiss served as the President of Worldwide Operations for Walt Disney Parks and Resorts (now known as Disney Parks, Experiences and Products) served as the President of Worldwide Operations for and Resorts (now known as Disney Parks, Experiences and Products) Monica Reed is CEO of UChicago Medicine AdventHealth, where she oversees the strategic development and growth of the health system's Great Lakes Region, including four hospitals and more than 50 sites of care About Continuity Biosciences Founded in 2024, Continuity Biosciences is developing advanced delivery platforms for biologics and complex therapeutics, with a focus on precision targeting and tunable release. Operating in Houston (TX), Raleigh (NC), Bradenton (FL), and Torino ( Italy ), Continuity's pipeline spans oncology, metabolic diseases, infectious diseases, and women's health. Through strategic acquisitions—including Focal Medical—and targeted investments like PinPrint, Continuity is building a differentiated platform to transform the delivery of challenging therapeutics. SOURCE Continuity Biosciences LLC Maddie Brown, Director of Operations, Continuity Biosciences, [email protected]
New Indian Express
07-06-2025
- Business
- New Indian Express
'AI models can hallucinate or misfire'
Artificial Intelligence (AI) offers immense potential, but it's not without challenges. Mohit Saxena, Co-Founder & CTO, InMobi & Glance told TNIE that there's the critical need for human oversight and that AI models can hallucinate or misfire, and in today's sensitive digital climate, ensuring responsible output is essential. 'We're investing in rigorous moderation infrastructure and developing new governance frameworks to mitigate these risks,' he said. He added that deep AI expertise is scarce. 'While surface-level applications like RAG (Retrieval-Augmented Generation) are becoming common, true innovation requires depth in data science, ML infrastructure, and systems thinking—talent that's still hard to find.' But our global presence in Bengaluru, San Francisco, and the UK gives us broader access to specialised talent pools, the co-founder said. Talking about other key challenges, he said that AI infrastructure is expensive. Running advanced models at scale demands significant compute and energy. 'Our approach is rooted in frugality—we optimize model usage, leverage pre-processing, explore alternatives like TPUs (Tensor Processing Unit), and work closely with partners like Google to get the most out of every dollar,' he said. InMobi views AI not just as a tool, but as a foundational shift and its roadmap over the next one to three years is anchored in three key areas. 'First, we are reimagining engineering productivity with AI—helping experienced engineers scale faster and empowering fresh talent to leapfrog traditional learning curves. AI is now embedded into every aspect of how we build—whether it's writing code, improving observability, or boosting efficiency,' he said. 'Second, we are building intelligent automation into our core business processes—moving from simple scripting to AI agents that can deconstruct complex workflows, predict outcomes, and take action. This isn't just automation; it's autonomous decision-making at scale. Third, we're embracing the rise of agentic architecture—where agents talk to agents, not APIs (Application Programming Interface), to get work done. This is the future of system communication, and are actively developing for it,' he further said. InMobi is setting up a dedicated unit to track and accelerate engineering efficiency with AI, with a goal to complete most of the foundational work by year-end. The company is leveraging AI to generate high-impact formats—ranging from image-based ads to audio creatives—enabling brands to engage users across multiple touchpoints. It also uses AI to generate and summarize content at scale. In the visual content space, he said the company is leveraging Contrastive Language-Image Pre-training (CLIP) to bridge the gap between AI-generated creativity and real-world commerce through its Glance AI product. 'By using CLIP, we're able to understand and interpret AI-generated fashion looks—essentially decoding the visual style and identifying apparel elements within the image. These elements are then matched to real products from our extensive catalogue of brand and retail partners,' he explained. Even before the LLM (large language model) wave, the company has been leveraging AI for content generation at Glance. 'We're onboarding fresh engineering talent through structured bootcamps where AI adoption starts from day one—including access to AI assistants and hands-on experience with applied ML tools. Simultaneously, we're deepening our bench strength by hiring top-tier data scientists—we've onboarded over 50 employees in the past year alone, across domains like LLMs, DNNs (Deep Neural Networks), and imaging. We're also shifting our hiring lens—prioritising engineers with a strong aptitude in data science and statistical thinking. Our aim is that 80% of our workforce, both new and existing, to be highly AI- and ML-savvy in the next 1–2 years,' the co-founder and CTO informed.
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Clip Money Inc. Reports First Quarter 2025 Results
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (' Clip Money ' or the 'Company '), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three months ended March 31, 2025. The Company reported continued revenue growth in the first quarter of 2025, up 225% from Q1 2024, while cost of revenues were up only 35% during the same time period, maintaining high operating leverage into the new year. First Quarter Financial 2025 Highlights: Revenue for the first quarter of 2025 (' Q1 2025 ') was $972,706, compared to $299,176 in the first quarter of 2024 (' Q1 2024 '), which equates to 225% growth year-over-year (' YoY '). Q1 2025 revenue was down 16% quarter-over-quarter (' QoQ ') compared to the fourth quarter of 2024 (' Q4 2024 '), which was a function of Q4 seasonality from holiday shopping. Excluding the impact of seasonality, revenue grew 11% QoQ. Revenue growth continues to outpace changes in Costs of Revenue (' COR '). Q1 2025 COR of $1,009,557 was up 35% YoY, relative to 225% YoY revenue growth. YoY revenue growth for Q1 2025 was driven by a 153% increase in new deposit users, and a 10% increase in average monthly deposit revenue per user. Deposit revenue growth was supported by contribution from new products, namely revenue from Change Orders and implementation fees. New product revenue represented 22% of total revenue in Q1 2025 compared to 9% in Q1 2024. Operating expenses for Q1 2025 were $1,832,196, compared to $1,680,477 in Q1 2024, which represents a 9% YoY increase. Q1 2025 operating expenses were 8% higher QoQ compared to Q4 2024. Net loss for Q1 2025 was $2,280,281, compared to $2,397,212 in Q1 2024, which represents an improvement of 5% YoY. On February 24, 2025, the Company closed a non-brokered private placement of an unsecured convertible note for aggregate gross proceeds of $2,000,000 from Cardtronics Inc., a subsidiary of NCR Atleos Corporation. Network & Customer Highlights: Clip Money grew its leading shopping center network to 473 ClipDrop deposit units in Q1 2024, adding 29 additional shopping center locations in the quarter. Continued organic growth from existing customers led to 401 new users in the quarter. Existing customers drove immediate adoption at newly deployed mall locations. In addition, we welcomed several new retailers to the growing Clip customer base this quarter, including Pop Mart, Squishable, Spring Step Shoes, and Go Retail. Clip has been laying the groundwork for a major expansion of our U.S. business deposit network. In partnership with Green Dot, Clip will launch ClipCenter in Q2, adding over 4,000 over-the-counter deposit locations to complement our existing ClipDrop and Clip ATM footprint. This expansion supports our strategic goal of building the largest and most convenient business deposit network in the U.S.—a valuable utility for financial institutions, fintech's and businesses alike. Additional launch details will be shared in the weeks ahead. 'We are pleased with our Q1 results, which position Clip for continued growth through 2025. The ongoing addition of store locations by our largest customers underscores our commitment to delivering value and reliable, differentiated service in a category that has long been underserved. We also achieved a key strategic milestone this quarter with the expansion of our network through a partnership with Green Dot. This partnership will add more than 4,000 over-the-counter deposit locations at major big-box retail stores, significantly enhancing the scale, convenience and capacity of the Clip Network. We believe this expansion further strengthens our value proposition to financial institutions, fintech's and businesses nationwide. ' Joseph Arrage (CEO & Co-Founder) Corporate Update The Company also announces that the board of directors has approved the grant of an aggregate of 965,000 restricted share units (the ' RSUs ') and 27,500 options (the ' Options ', and together with the RSUs, the ' Awards ') to acquire common shares of the Company to certain directors, executives and employees of the Company to recognize their performance in 2024. The Awards will be issued on May 27, 2025. All of the RSUs to be awarded to directors will vest 12 months after the date of the grant, and all of the RSUs to be awarded to executives and employees will vest over three years, with one-third vesting every 12 months after the date of the grant. The Options will have a three-year vesting period, with an exercise price equal to the closing market price of Clip Money's common shares on May 26, 2025, and will expire 10 years from the date of the grant. The RSUs and Options will be governed by the terms of the Company's amended and restated omnibus equity incentive plan, under which an aggregate of 10,516,419 Common Shares are issuable. Additional Information The Company's interim condensed consolidated financial statements, notes to financial statements, and management's discussion and analysis for the three months ended March 31, 2025 are available on the Company's SEDAR+ profile at Unless otherwise indicated, all references to '$' in this press release refer to U.S. dollars. Forward‐Looking Statements This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business. The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. About Clip Money Inc. Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit For further information, please contact:
