1. Tern AI's Navigation Alternative: Tern AI is developing a low-cost navigation solution that aims to reduce reliance on GPS, which can be unreliable or unavailable in certain environments. The company's technology uses a combination of sensors, including inertial measurement units (IMUs) and cameras, to provide accurate positioning and navigation without the need for GPS.

2. Potential Applications and Benefits: Tern AI's navigation alternative could have a wide range of applications, from autonomous vehicles and drones to indoor navigation and industrial robotics. The company claims its solution is more cost-effective and energy-efficient than traditional GPS-based systems, making it a viable option for a variety of use cases.

3. Funding and Future Plans: Tern AI has recently secured $10 million in seed funding, which the company plans to use to further develop its technology and expand its team. The article suggests that the company is aiming to commercialize its navigation solution in the near future, potentially disrupting the current GPS-dominated market.