Microsoft, Intel invest in artificial intelligence start-up Element AI

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Latest News – Tech giant Microsoft, chip-maker NVIDIA and Intel have made the investment for a Canadian artificial intelligence (AI) start-up “Element AI”, the media reported.

According to a report in Investopedia on Thursday, Microsoft made the investment through its venture capital arm Microsoft Ventures, while Intel did it through Intel Capital.

Element AI, that came on the scene eight months ago, is a platform to help companies of all sizes build AI into their businesses and it has raised $102 million.

Element AI will use the funding to hire more employees, to invest in big AI projects and to acquire start-ups in the space.

“Artificial Intelligence is a ‘must have’ capability for global companies,” Jean-François Gagne, CEO Element AI, was quoted as saying.

“Without it, they are (Read More)

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