[ China Smart Manufacturing Network Enterprise News ] The new investment fund will be affiliated with "Microsoft Ventures" and will only provide support to companies that are considered to have the opportunity to make huge profits, and will not support non-profit or non-profit. Government organization.
In a booming investment in artificial intelligence (AI) and big data startups, Microsoft has decided to expand its activities and announced on Monday that it will set up a new investment fund with a focus on using artificial intelligence technology. Investing in startups that achieve “inclusive growth and positive impact on societyâ€.
Microsoft Venture Capital set up a new fund to invest in major artificial intelligence startups
The new investment fund will be part of Microsoft Ventures and will only provide support to companies that are seen as having the opportunity to make huge profits and will not support non-profit or non-governmental organizations. Nagraj Kashyap, who runs Microsoft's venture capital arm, said in a blog post on Monday that the fund plans to make new investments on the same scale as Microsoft's previous ventures. He wrote in the article: "We will perform development on those responsible responsibly. The promise of smart technology is to invest in startups that serve individuals and businesses."
Microsoft digged Kashyap from Qualcomm in January this year. He was responsible for investment in robotics and wireless companies at Qualcomm.
While artificial intelligence research seems to have barely progressed for decades, recent advances in using powerful computing chips have overcome some of the biggest challenges that have prompted a flood of startups. This field brings new business concepts. According to statistics from research firm CBInsights, more than 250 artificial intelligence startups in the first half of 2016 raised a total of $1.7 billion in venture capital, compared with 176 companies raised $1.2 billion in the same period last year.
In the field of artificial intelligence investment, the leading investors are the venture capital departments of technology giants such as Intel, Google and Samsung.
Microsoft is using artificial intelligence and machine learning technology to develop many of its projects, including adding machine learning capabilities to its Azure cloud platform. The company's related investments will help it gather intelligence on emerging areas and facilitate the company's future M&A activities in this area.
Prior to the establishment of the above-mentioned new fund, Microsoft mainly provided investment support for cloud-related startups, such as Tact, which is developing a "conversational" mobile application, which will use artificial intelligence technology to help retail salespeople control voice. The way to interact with its software.
The above industry data from CB Insights does not count toward early stage investments from technology “incubatorsâ€, and one of the earliest initiatives of Microsoft's newly established artificial intelligence investment fund is to provide support to Element AI, which is based in Montreal. One of the co-founders of the technology "incubator" is Yoshua Bengio, a pioneer in the field of neural networks and deep learning development.
Gesture control
Smoke sensor
Auto cleaning
Sensor touch control
Energy saving
Top Mounted Range Hood Black,Silence Range Hood,Powerful Range Hood,Automatic Range Hoods
JOYOUNG COMPANY LIMITED , https://www.globaljoyoung.com