According to Media reports, a Canada based AI (artificial intelligence ) startup named as “Element AI” gets investment from Microsoft, Nvidia and Intel.
The investments from these top tech organizations had been made through proper channel as Microsoft invested through its corporate Microsoft Ventures, its mission is to be an active, strategic partner at key stages of a startup’s growth. While investment from Intel came through its corporate venture Intel Capital. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing.
Element AI — a Montreal-based platform and incubator wants to be the go-to place for the companies (big or small) that are building or want to include AI solutions in their businesses, but lack the talent and other resources to get started.
The startup has raised $102 million and will utilize it to enhance their man power for big AI projects.
“Artificial Intelligence is a ‘must have’ capability for global companies,” Jean-Francois Gagne, CEO Element AI, was quoted as saying.
“Element AI will benefit by continuing to leverage Nvidia’s high performance GPUs and software at large scale to solve some of the world’s most challenging issues,” Jeff Herbst, Vice President Business Development at Nvidia, said.
Credits : ElementAI Offcial Web, Wikipedia, Gadgets360