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Former Alphabet X spinout Mineral sells technology to John Deere | TechCrunch

Aug 23, 2024 - news.bensbites.com
Alphabet has shut down its ag tech robotics spinout, Mineral, due to a crowded market and profit concerns. The company has pivoted to technology licensing, with farming giant John Deere acquiring one of Mineral's technology suites. In other tech news, RealPage, a property management software company, is being sued by the U.S. Justice Department and eight attorneys general for allegedly helping apartment and building managers collude. Meanwhile, Andrew Ng is stepping down as CEO of Landing AI, a computer vision platform he founded in 2017, with former COO Dan Maloney taking over.

In the AI sector, two former OpenAI researchers have expressed disappointment over OpenAI's decision to oppose California's bill to prevent AI disasters. Peloton has introduced a $95 activation fee for used equipment in an effort to generate additional revenue. Meta and Spotify have teamed up to criticize AI regulation in the EU. In other news, Tesla is hiring individuals to train its Optimus robot, and NASA is deciding whether astronauts will return to Earth on Boeing’s Starliner spacecraft or use SpaceX’s Dragon instead.

Key takeaways:

  • Alphabet's ag tech robotics spinout, Mineral, has ceased operations due to a crowded market and profit concerns. The technology has been acquired by farming giant John Deere to enhance its crop spraying solution.
  • RealPage, a property management software company, is being sued by the U.S. Justice Department and eight attorneys general for allegedly aiding apartment and building managers in collusion.
  • Andrew Ng is stepping down as CEO of Landing AI, a computer vision platform he founded in 2017, and will be succeeded by former COO Dan Maloney.
  • Peloton is implementing a $95 activation fee for used equipment in an attempt to generate additional revenue from second-hand products.
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