Business Spotlight - - TECHNOLOGY -

Ama­zon, E.ON, To­tal En­ergy Ven­tures, the Euro­pean In­vest­ment Bank and other firms have in­vested $50 mil­lion in the Mu­nich-based smart-home startup tado°, which is known for its ra­di­a­tor ther­mostats. The unique tado° tech­nol­ogy al­lows users to man­age their heat­ing and cool­ing over the in­ter­net. Thanks to ma­chine learn­ing al­go­rithms, the ther­mostats can help to save up to 30 per cent on heat­ing costs, Toon Bouten, the CEO of tado°, claims. The AI en­gine de­vel­oped by tado° “lis­tens” and responds to weather fore­casts and it re­acts when users leave or ap­proach their homes. www.tado.com

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