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ETH Zurich spinoff Voliro’s flying robots save lives, but don’t tell its CEO

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ETH Zurich spinoff Voliro's flying robots save lives, but don't tell its CEO

We have only touched the surface of what drones can do and how ubiquitous they will become. This is also true in industry, where they have the potential to replace human labor in risky activities such as inspection at height.

Swiss startup Voliro operates in this space, with flying robots that can inspect wind turbines, overwater structures, and other infrastructure that’s hazardous for humans to reach because of factors such as height and weather conditions.

This is more than a visual inspection for glaring issues like corrosion; Voliro’s drones can poke around with sensors that can perform tasks such as dry film thickness, often eliminating the need for people on ropes. Yet, don’t expect CEO Florian Gutzwiller to tell you how many labor casualties the company’s drones are preventing. “I’m Swiss. If I were an American CEO, I would say we are saving lives every day, but I think it’s too aggressive,” he told TechCrunch.

Cultural differences aside, Gutzwiller has another reason to emphasize other aspects than accident prevention, such as productivity: Even when all goes well, which is luckily most often the case, industrial inspections cause downtime. Avoiding this downtime can save a significant amount of money for Voliro’s clients, which include Chevron and Holcim, as well as inspection and maintenance service providers.

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“One of my favorite examples is flare stacks,” Gutzwiller said. “Because a flare stack is hot, you have to turn it off. You have to cool it down. You have to build a scaffold. Then you do the inspection. After doing the inspection, remove the scaffold, and then turn it on again. This can be a matter of days or weeks, and we can do it in 20 minutes.”

Voliro’s competitors include Avestec, Flyability, and Skygauge, but Gutzwiller thinks versatile hardware gives it an edge. There are its sensors that can handle heat, combined with the core innovation it is based on: a tiltable rotor that gives freedom of 360-degree motion to its robots, meaning they can work on ceilings and apply pressure without losing stability.

This advanced rotor was developed by some of Voliro’s team within the Autonomous Systems Lab at ETH Zurich, before the startup became one of its many spinoffs in 2019. The commercial launch of its drones followed three years later, but that’s not what it sells: Its business model is a B2B subscription.

This model has many advantages, Gutzwiller said. For customers, it means accessing hardware and software upgrades as they are developed, in addition to getting support. For the company, it means recurring revenue that can fund R&D and showing the kind of cash flow that investors like to see.

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This may explain why the company recently managed to raise $12 million, despite a challenging fundraising environment for startups and robotics. Bringing its funding to date to $22 million, this new capital injection was led by Cherry Ventures, with additional investment from existing business angels, family offices, and a conventional debt facility as a minority part of the round, according to the company.

Commercial traction helped with VCs and bankers, but there was still an element of luck and serendipity. Voliro pitched many VC firms, as is the norm these days, but it hadn’t pitched Cherry Ventures until a Mexican entrepreneur Gutzwiller met randomly at a bus stop in the mountains recommended him to do so. Fast forwarded a few months, and Cherry led Voliro’s Series A round.

Gutzwiller’s journey with Voliro was also serendipitous. After selling his company Open Systems to private equity in 2017, Gutzwiller became an angel investor, but he didn’t stop at investing into the ETH spinoff: He became an entrepreneur in residence at the company, then its executive chairman, until he replaced former CEO Mina Kamel in November 2022.

Gutzwiller is now in charge of spearheading Voliro’s growth, and he’s bullish about its platform approach. For instance, it will soon support third-party sensors that can detect corrosion under insulation. In the longer term, it could go further toward repairs, for instance, by having its robots remove rust or add coating themselves. But first, the company will work on expanding its client base across oil and gas, energy, and other industry sectors that could benefit from needing less human work at height.

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Full Form Of Computer: List Of Computer-Related Full Forms 👈

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Full Form Of Computer: List Of Computer-Related Full Forms 👈

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Meta announces Movie Gen, an AI-powered video generator

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Meta announces Movie Gen, an AI-powered video generator

A new AI-powered video generator from Meta produces high-definition footage complete with sound, the company announced today. The announcement comes several months after competitor OpenAI unveiled Sora, its text-to-video model — though public access to Movie Gen isn’t happening yet.

Movie Gen uses text inputs to automatically generate new videos, as well as edit existing footage or still images. The New York Times reports that the audio added to videos is also AI-generated, matching the imagery with ambient noise, sound effects, and background music. The videos can be generated in different aspect ratios.

In addition to generating new clips, Meta says Movie Gen can also create custom videos from images or take an existing video and change different elements of it. One example shared by the company shows a still headshot of a woman; the added video depicts her sitting in a pumpkin patch sipping a drink.

A still from a video produced using Meta’s Movie Gen.
Image: Meta
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Movie Gen can also be used to edit existing footage and change the style and transitions or add things that didn’t previously exist. In one example shared by Meta, a relatively innocuous video of what appears to be an illustrated runner is edited using AI in different ways: in one frame, he’s holding pompoms. In another, the background has been edited to depict a desert. In a third, the runner is wearing a dinosaur costume. Changes can be made using text prompts.

Nearly two years after powerful AI image and video generators hit the mainstream, AI companies have pushed the technology further: in just the last six months, major tech companies like Google and OpenAI are working on similar tools, along with smaller startups. OpenAI’s Sora, first announced in February, still hasn’t launched publicly; this week, a co-lead working on the video generator left the company for Google.

Meta’s chief product officer, Chris Cox, writes on Threads that the company “[isn’t] ready to release this as a product anytime soon,” as it’s still expensive and generation time is too long.

Creatives like filmmakers, photographers, artists, writers, and actors also worry about how AI generators will affect their livelihoods, and AI has been a central part of several strikes, including the historic joint Hollywood strikes by the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) and Writers Guild of America (WGA) last year.

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The CrowdStrike aftermath: Observations and lessons learned

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"Perfect storm" - CrowdStrike VP apologizes as Congress hearing into outage begins

CrowdStrike, a global leader in endpoint security, incident response and cybersecurity, recently deployed an update to its Falcon sensor for Microsoft Windows systems. This update, designed to enhance the detection of novel threats, inadvertently caused significant malfunctions in the Windows operating system, leading to widespread crashes and system instability.

Notably, Mac and Linux operating systems were unaffected by this issue.

Keatron Evans

VP for Portfolio and Product Strategy, Instructor & Author at Infosec.

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Computer Engineering Degree: Pros And Cons

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Computer Engineering Degree: Pros And Cons



🔴 LIVE YOUTUBE TRAINING TUESDAY: 👉 https://go.thecontentgrowthengine.com/live-02-06-2021
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These videos are for entertainment purposes only and they are just Shane’s opinion based off of his own life experience and the research that he’s done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, don’t just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.

Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
https://thebestschools.org/rankings/best-online-bachelors-computer-engineering/
https://www.census.gov/dataviz/visualizations/056/#:~:text=%26%20Visualizations%20Next%20%3E%3E-,Synthetic%20Work%2DLife%20Earnings%20by%20Field%20of%20Bachelor’s%20Degree%20and,Attainment%20is%20a%20Bachelor’s%20Degree&text=A%20bachelor’s%20degree%20holder%20can,his%20or%20her%20work%20life
https://www.ziprecruiter.com/blog/the-most-regretted-college-majors/
https://www.monster.com/jobs/search/?q=Computer-Engineering-degree-job
https://willrobotstakemyjob.com/
https://www.fastweb.com/career-planning/articles/top-10-millionaires-majors .

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Tech Life: The big business of online charity donations

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Tech Life: The big business of online charity donations

We speak to the CEO of charity fundraising company GoFundMe

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I've never been so excited for a desk! – SecretLab Magnus Desk Pro

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I've never been so excited for a desk! - SecretLab Magnus Desk Pro



Get a dbrand skin or case today at https://dbrand.com/shortlinus

Dennis and Colton are here to do some family bonding while building SecretLab’s new Magnus Desk. Its metal build has some unique features, but is it worth the price?

Buy a SecretLab Magnus Desk Pro: https://lmg.gg/kdg6f

Purchases made through some store links may provide some compensation to Linus Media Group.

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CHAPTERS
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0:00 The dynamic duo is back
0:14 Unboxing
1:19 Just a little kiss
1:36 Checking out all the parts/tools included
2:54 Sponsor – dbrand
3:36 Setting it up
5:04 Powering it on
6:27 The missing pieces
8:01 Don’t forget the accessories!
12:12 Overall thoughts
12:37 Outro .

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