Soylent launches coffee drink, XPrize launches artificial intelligence contest, and launches new Facebook and Instagram ad product.

Soylent Launches Coffee Drink

Soylent has launched a new coffee-infused meal replacement drink called Coffiest, which has approximately 150 mg of caffeine per bottle, according to a press release. The company also has launched the Soylent Bar, which has about 250 calories.

XPrize Launches Artificial Intelligence Contest

The X Prize Foundation of Culver City and IBM have launched an artificial intelligence contest, reports TechCrunch. The winner of the AI prize will receive $3 million from IBM, with the runner-up getting $1 million and the third-place finisher getting $500,000.

Edmunds Launches New Facebook and Instagram Ad Product

Car shopping website has launched a mobile-optimized ad product for auto dealers to target car shoppers on Facebook and Instagram, according to a press release. The ad product uses shopping data from Edmunds to serve shoppers with relevant native ads on Facebook and Instagram to drive buyer-traffic directly to dealer sites.

Technology reporter Garrett Reim can be reached at Follow @garrettreim on Twitter for the latest in L.A. tech news.

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