This week, DirecTV announced it intends to buy Dish, Sling TV, and the rest of EchoStar’s television business for a dollar (while also taking on all of Dish’s debt), combining almost 20 million satellite TV subscribers from two companies that have been circling one another for decades.
Technology
EndlessAI unveils Lloyd: the world’s first video AI assistant for smartphones
EndlessAI has officially launched Lloyd, a groundbreaking AI assistant that brings real-time video analysis to smartphones without the need for additional hardware. Available now on the iOS App Store, Lloyd leverages advanced large language models (LLMs) like ChatGPT and Google’s upcoming Gemini to provide users with immediate insights about the world around them. Since launching just several weeks ago, Lloyd has organically amassed tens of thousands of users, and it appears their AI video assistant might represent the next evolution of generative AI.
Breaking the video barrier in AI
One of the significant challenges in scaling generative AI has been the computational cost associated with processing video data. Traditional LLMs require immense computing power to ingest and analyze video frames, making real-time applications impractical. EndlessAI is on a mission to “crack the code” by developing proprietary algorithms and patented processes that aim to optimize video data for LLMs efficiently.
“LLMs require very extensive computing power to understand visual data. With a 1080p video running 86,400 frames per hour, seamless, real-time video analysis has been out of reach. EndlessAI empowers existing LLMs, including the ChatGPT, Gemini and Claude families to ingest and understand complex, real-time video with utmost efficiency,” said Roi Ginat, co-founder and CEO of EndlessAI.
Lloyd’s real-world applications
Lloyd stands out by enabling smartphones to “see” the real world, not just static images. Users can interact with Lloyd in various innovative ways:
- Home Assistance: Child-proof a room or get home decor advice about your living room.
- DIY Fixes: Fix a leaky sink or a misaligned bicycle wheel without professional help.
- Educational Support: Flip through pages of homework and get tutoring help.
- Creative Content: Compose TikTok posts based on your surroundings or ask questions about what’s on TV.
- Everyday Convenience: Find misplaced items like glasses in a cluttered space or translate signage, menus and more.
Lloyd’s can also be used for pure entertainment — as the founders are already seeing these use cases. Lloyd can craft personalized bedtime stories; by taking a panoramic video of a child’s room and specifying a hero or theme, “Lloyd will tell them a mesmerizing story where the elements of the room come alive. Pick a new hero or a new theme or a new room every night. The kids want another story? No problem; how about two more!”
No additional hardware required
Unlike other visual AI assistants that necessitate hardware purchases, Lloyd operates entirely through existing smartphones. This approach eliminates the need for consumers to invest in additional gadgets that may quickly become obsolete.
“Some of our competitors seem to be taking the opposite approach of building their own smartphones or other smart devices to get better AI features. That approach no longer makes sense: why would anyone want to purchase a separate device to get what was meant to be better AI features that Lloyd has now leapfrogged?” said Thomas Pompidou, Co-Founder and Executive Chairman of EndlessAI. “Rather than requiring users to buy new phones or other hardware and be limited to their modest AI capabilities, Lloyd leverages smartphones connected to the Cloud to provide a vastly superior experience.”
Privacy and data security
EndlessAI emphasizes robust privacy measures in processing live video and audio inputs. The company employs secure login protocols, data encryption in transit and at rest, and strict access controls. Data retention policies ensure that user data is not held beyond the necessary time to fulfill its intended purpose.
“EndlessAI is committed to complying with all applicable laws and regulations related to data protection and privacy,” added Ginat. “Extensive guardrails with regards to content adequacy are also provided by the own guardrails of the LLM operators; OpenAI, Google, Meta, Anthropic, etc. all have processes and training in place to prevent inappropriate and privacy-breaching content.”
An evolving platform
As LLMs continue to advance, Lloyd is designed to improve alongside them. The assistant functions on an over-the-top (OTT) basis, optimizing the input data ingested by LLMs. This means that as models like ChatGPT, Gemini, and others evolve, Lloyd’s capabilities will automatically enhance.
“We are a force multiplier for ChatGPT, Gemini, Claude, Llama, etc. and are poised to significantly expand their market opportunity and we make them immediately viable at scale for video analytics use cases. As a result, as LLMs get better, Lloyd gets better. It’s that simple,” Pompidou explained.
Future developments and B2B opportunities
EndlessAI plans to introduce new features to Lloyd, including specialized “Powers” like a “Tour Guide” mode that uses precise geolocation for contextual information and an “Action Mode” for sports and fitness advice. The company is also preparing to launch an API for businesses, enabling enterprises to incorporate real-time video analysis into their processes at scale.
“Integrating video at scale in those solutions opens very extensive new opportunities but faces extensive Accuracy, Speed and Cost challenges,” said Ginat. “It will allow enterprises, businesses, AI scale-ups and developers to build and operate highly scalable Generative AI solutions tailored to their unique needs.”
Behind EndlessAI
Founded over a decade ago, EndlessAI has been at the forefront of video analysis and communication technology. The leadership team brings together expertise from software development, venture capital, marketing, and AI specialization:
- Roi Ginat, co-founder and CEO: 28 years of software development experience. Built and sold 3 separate prior technology start-ups: Giant Steps, MyFrame, Inc. and Wristcam.
- Thomas Pompidou, co-founder and executive chairman: 18 years in Venture Capital, including partner and co-founder at Marker LLC, venture partner and investment committee member at NightDragon and Team8 and vice chairman at Crescent Point. 14 years in investment banking, including in the technology groups at Lazard and Wasserstein Perella. Vice chairman of the New York Academy of Sciences.
- Matt Frischer, co-founder and CMO: 25 years of marketing and advertising experience including leadership positions at ZenithOptimedia, WWE and Branchout.
- Liron Hertz, development team lead: 25 years of technology development experience.
- Doron Adler, AI team lead: 20 years of technology development experience, including roles at AT&T and Flixwagon, and a specialization in generative AI since 2019. Co-inventor of the pioneering Toonify face transformation AI tools.
A new era for AI assistants
Lloyd’s launch represents a significant step toward making advanced AI capabilities accessible to the general public without the barrier of additional hardware costs. By harnessing the power of existing smartphones and cutting-edge LLMs, EndlessAI aims to redefine how we interact with the digital and physical worlds.
“Ask yourself ‘what if AI could see the real world like people do?’ and then ask yourself ‘why doesn’t it?’ The answer is ‘it can, but it’s just too expensive to make sense’. We have broken through the cost barrier and now enable LLMs to ‘see’ the real world as it is: a real-time, video world,” mused Pompidou.
VentureBeat newsroom and editorial staff were not involved in the creation of this content.
Technology
Prime Day Lego deals include up to 41 percent off Super Mario, Star Wars sets
October Prime Day is nearly here, and new early deals are popping up every day. Amazon uses October Prime Day to kickstart the holiday shopping season — even if you haven’t even thought about the holidays yet, you should give the latest Prime Day Lego deals a look. A number of Lego sets from the Super Mario, Star Wars and Harry Potter collections are already on sale for up to 41 percent off. There are even steeper savings on general Lego sets as well.
On the Star Wars side of things, this Spider Tank set is 36 percent off and down to only $32, which is the lowest it’s ever been. It includes 526 pieces that replicate the spider tank from season three of The Mandalorian, plus three minifigures: Din Djarin, Bo-Katan Kryze and Grogu. Once built, the spider tank has grabbing claws, flexible legs and a little cockpit in which one of the figures can sit. Also on sale is this Boarding The Tantive IV set in which you recreate the iconic scene from Star Wars: A New Hope. That will set you back $44, which represents a 20-percent discount.
In the Mario space, this Dixie Kong’s Jungle Jam expansion set has the biggest discount: 41 percent off and down to $16. It has 174 pieces along with buildable Dixie Kong and Squawks figures that both come with musical accessories. Mario fans who are old enough to have a work-from-home setup might appreciate this displayable Piranha Plant set that would look great in the background of any video conference call. It’s 20 percent off and down to $48.
Rounding things out with Harry Potter sets, this Hogwarts Castle and Grounds set is down to $136 and has never been cheaper. It includes 2,660 pieces that create a final product that’s over eight inches high, 13 inches wide and 10 inches deep. Plus, it comes with a cute, golden Hogwarts architect statue minifigure.
If you’re looking for more general Lego sets, two of the best deals we found are on the Classic Medium Creative Brick Box, down to $19, and the Lego City 2024 advent calendar, down to $26. The former includes 484 pieces in all different sizes and colors, and would make a great gift for anyone who just likes to build with Lego without following a set of instructions. As for the latter, you probably know someone who loves a good advent calendar this time of year, and this Lego one has 24 surprise gifts that include seasonal minifigures, mini builds and more.
Best Prime Day Lego deals
Follow @EngadgetDeals on Twitter for the latest tech deals and buying advice, and stay tuned to Engadget.com for all of the best tech deals coming out of October Prime Day 2024.
Servers computers
Rackmount Solutions: KVMs Overview (Keyboard, Video, Mouse)
Quick overview on KVM’s. KVM stands for keyboard, video, mouse. You also have KVM switches that allow you to “switch” from server to server at the press of a button while still using the same KVM. If you want a keyboard, video, mouse, and switch all packaged nice and neat together, you’d be looking for a KVM Combo.
Because of the many options – to assist your search for the perfect KVM, Rackmount Solutions created the “KVM Product Finder”. This tool helps narrow your search by KVM type, connectors, number of Consoles, number of ports and size of monitor.
In less than a minute you can select the exact product for your project without the hassle of navigating from page to page going through a checklist of the components you need.
The other option for finding the best KVM solution is by calling one of our experienced account managers – who are ready and willing to help at all times.
Rackmount Solutions is an industry leader in supplying server racks, server cabinets, wallmount racks, network racks, LAN racks, portable rackmount cases and accessory products for the IT/Network professional. We deliver rackmount storage server rack solutions for 19″, 23″, 24″ and 28″ wide equipment, as well as PCI Data Security Storage compliant cabinets and racks. We pride ourselves in providing quality customer service. Please call us toll free at 1-800-352-6631 and let us know how we can solve your rackmount needs.
http://www.rackmountsolutions.net/Rackmount_Keyboard_LCD_Entry.asp
sales@rackmountsolutions.net
Toll Free – 1.866.207.6631 .
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Technology
The future of cooling: How Invensify’s innovative technology is set to disrupt multiple industries
With so many technological advances around, it’s hard to believe that some industries still use outdated manual processes to carry out crucial and sometimes life-dependent tasks such as transporting temperature-sensitive items.
Consider this: Traditional refrigeration and cooling systems rely heavily on compressors and chlorofluorocarbons (CFC) gases. These systems are energy-intensive and pose significant environmental challenges, contributing to greenhouse gas emissions. Not to mention, they are not easily portable, which leaves the cold chain industry relying on ice packs and gel-based insulation boxes to transport temperature-sensitive drugs.
So what is the solution? Invensify, led by founder and CEO Faizan Ahmed, has developed an alternative. Instead of using these traditional methods, their product, Insuridge, uses semiconductor technology to keep things cool. This means more reliable temperature control, less waste and a greener way to transport medicine and other essentials.
“If you’ve ever looked at the back of a traditional fridge, you’ll see compressors, CFC gas and coils – a lot of mechanics and fluids working together. What we’ve done is miniaturize all of that into a single chip, simplifying the cooling process. No more CFC gas, compressors or coils; it’s now just one solid-state chip cooling the fridge,” explains Ahmed.
By moving away from compressor-dependent models, Invensify significantly reduces energy consumption and greenhouse gas emissions, aligning with global efforts to combat climate change. Its product is not only quieter but also more durable and versatile, opening up possibilities for use in applications where traditional cooling methods are impractical or too cumbersome.
Invensify’s journey began with a personal problem. While traveling with his diabetic father, Faizan saw firsthand how difficult it was to maintain a stable, cool temperature for insulin using traditional ice packs. With a background in electrical engineering and solid-state physics, Faizan decided to create a more reliable and portable refrigeration solution. He recalls, “I started thinking, why is there no reliable solution to transport temperature-sensitive materials? Why are we still relying on ice? That led me to focus my attention on developing a portable system that could be used for transporting drugs and other materials. That led to Invensify.”
One of the standout features of Invensify’s technology is its energy efficiency. Operating on a compact 30Wh internal battery, Insuridge can maintain a consistent temperature for up to five days without requiring an external power source.
“These portable refrigeration systems are essentially plug-and-play. Simply plug them into a wall outlet, and they begin cooling the payload. Within five hours, the temperature drops to 2°C. Once unplugged, the unit maintains temperatures between 2°C and 8°C for up to 5 days using the internal battery,” explains Ahmed.
In addition to its power efficiency, Insuridge is also connected to the Internet, providing real-time tracking capabilities. Each unit is equipped with GPS and LTE connectivity, allowing users to monitor temperature conditions remotely via a cloud-based platform.
Invensify has strategically positioned itself to cater to both business-to-business (B2B) and consumer markets. Initially, the company focused on B2B clients, establishing partnerships with pharmaceutical and logistics companies. Looking forward, the company plans to enter the consumer market within the next six months by introducing a smaller, portable unit. This unit, designed for individual use, will enable consumers to safely store medications like insulin while traveling, directly addressing the personal struggle that inspired Faizan to start the company.
Invensify’s vision extends far beyond the pharmaceutical cold chain. Faizan envisions a future where their solid-state technology can cool AI chips. As artificial intelligence processors generate tremendous heat, Invensify’s compressor-free system could replace the current water-cooling methods.
The company also sees opportunities in the electric vehicle (EV) market. Currently, EV batteries are prone to overheating, which can limit their charge capacity and longevity. By integrating Invensify’s solid-state cooling technology, EV manufacturers could improve charging speeds and battery life, addressing some of the key concerns surrounding these vehicles.
“Our vision for the future is very simple. We’re in the business of creating power-efficient cooling systems,” says Ahmed. “We want to create a paradigm shift and become a company that is going to reshape how cooling is going to be done in the future.”
Invensify is on a mission to modernize the cooling industry, creating solutions that benefit industries and consumers alike. The company’s focus on developing power-efficient, compressor-free cooling systems is already changing industries such as logistics and healthcare – and it’s only the beginning. To learn more about Invensify, visit www.invensify.com.
VentureBeat newsroom and editorial staff were not involved in the creation of this content.
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Technology
OpenAI secured more billions, but there’s still capital left for other startups
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here.
This week once again brought us AI funding news, as well as some warnings: Some categories and stages are showing signs of overheating. Luckily, we also spotted some cool startups — literally.
Most interesting startup stories from the week
It may seem hard to believe, but OpenAI is still a startup, hence its recurring top spot here. There were other interesting stories this week, though.
BillionAI: OpenAI raised $6.6 billion at a $157 billion post-money valuation, in addition to securing a $4 billion revolving line of credit and launching a new interface. The company reportedly asked investors not to back rivals such as Anthropic and xAI, but OpenAI didn’t confirm. Meanwhile, Anthropic hired OpenAI co-founder Durk Kingma in a remote role.
Attack of the clones: Y Combinator faced criticism for backing AI code editor PearAI, whose CEO apologized for cloning another YC-backed, open source project without proper attribution and with a “flubbed” license.
Livestreamed shopping: Livestream shopping app Whatnot said its annual gross merchandise volume (GMV) surpassed $2 billion this year, a sign that there’s still hope for the live commerce business in the U.S.
Most interesting fundraises this week
Some companies prefer to raise funding under the radar; others even operate underwater.
Deep end: AI coding startup Poolside raised a $500 million Series B round of funding led by Bain Capital Ventures, with participation from eBay and Nvidia. This allowed Poolside to bring 10,000 Nvidia GPUs online to train future models, CEO Jason Warner said.
Cool water: Barcelona-based immersion cooling startup Submer raised $55.5 million to get more customers for its solution, which is already used by hyperscalers, telecom companies, and other large corporations.
11x meets a16z: 11x.ai, a startup that develops AI sales bots, secured a Series B round of funding of approximately $50 million led by Andreessen Horowitz, TechCrunch learned.
Stealthy funding: Cloud backup startup Eon came out of stealth and revealed it already reached a $750 million post-money valuation after raising three rounds of funding, including a $77 million Series B.
More stealthy funding: Series, a generative AI game-development platform, quietly raised a $28 million Series A round of funding from Netflix, Dell, a16z, and others.
Most interesting VC and fund news this week
Trim season: Veteran venture firm CRV returned $275 million from its $500 million late-stage Select fund to investors, citing overvaluation of mature startups. This follows a similar move by India’s Peak XV, which reduced its fund size and fees amid signs of overheating.
Launching: Former Y Combinator managing director and Twitter executive Ali Rowghani is launching Maxq, a new venture firm targeting $250 million for its debut fund.
NY bullish: Index Ventures is looking to hire another New York-based investor with plans to add three or four new people to its local team within the next year, partner Shardul Shah told TechCrunch.
Last but not least
Talking to TechCrunch global managing editor Matt Rosoff ahead of this year’s Startup Battlefield 200 at TechCrunch Disrupt, New York tech investor and serial entrepreneur Kevin Ryan shared some thoughts on when and whether founders should sell their company. His conviction: More of them should.
Servers computers
37u Server Rack by Great Lakes
37u 19 in Server Rack Cage – Used
With networking and telecommunications equipment in mind, the Great Lakes GL720E-2936 is just the rack enclosure for small and medium sized businesses.
It is designed with square-holed vertical mounting rails making this rack flexible for a variety of vendors 19 inch rack mounted equipment. It requires a cage nut, if you want screw threads in the holes.
This 19 in rack stands 72 inches high (74.5 inches high with wheels). The 37u allows for 64.75 inches of equipment to be mounted.
At 29 inches wide there is ample room for cables and power distribution. This can make it quicker and easier your tech people to install and service the equipment.
We have it here, in stock – used: http://www.computerstructures.com/37u-Great-Lakes-E-Series-Enclosure-GL720E-2936.html
As a mid-sized sever rack, at 36 inches deep, this is one of the fine rackmount solutions for storage of your computer equipment. .
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Technology
From AOL Time Warner to DirecTV and Dish: 20 years of media mergers
But it’s not just DirecTV and Dish. AT&T, Comcast, Verizon, General Electric, GM, News Corp, Tumblr, and the various incarnations of Time Warner have also gotten mixed up or split up while trying to bridge the gap between communications and media over the years.
Here’s a partial timeline of the events that might end with these two companies joining together at last.
AOL, meet Time Warner
At the turn of the 21st century, it was obvious that the internet was the future. Instant communication between anyone in the world and the idea of digital distribution was irresistible, and AOL seemed on top of the world.
What better way for Time Warner to get in on the ground floor than to join forces with the company that rode to the top, one 60-hours-of-free-internet CD at a time? By 2009, it was all over.
The satellite era is upon us, and the telecoms enter the chat
Comcast, Verizon, and AT&T’s acquisitions were an attempt to take over the media landscape built on their networks, with varying degrees of success, delivering brands like Oath, WarnerMedia, and Peacock as well as the entirely forgettable Go90.
Welcome to the streaming future
Over the next few years, AT&T executives float bad ideas for Game of Thrones, like shooting “snackable” vertical video versions. The company eventually introduced HBO Max before demoting HBO from its streaming brand, renaming the service Max.
You know what happened next: Netflix never looked back on its path to 270 million global subscribers, and Disney reintroduced the bundle for streaming. At the same time, both Quibi and CNN Plus evaporated too quickly to make an impact.
Ultimately, Verizon sold what was left of Oath to Apollo Global Management, and then AT&T shipped WarnerMedia off into a partnership with Discovery. Now, AT&T is selling all of DirecTV to TPG. That’s the private equity firm behind this new $1 attempt to merge with Dish Network again, while EchoStar can continue on its quest to build a nationwide Open RAN 5G network.
We’ll see everyone back here in another 20 years to find out how it all worked out, okay?
Disclosure: Comcast is an investor in Vox Media, The Verge’s parent company.
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Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?
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CryptoCurrency2 weeks ago
Ethereum falls to new 42-month low vs. Bitcoin — Bottom or more pain ahead?
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