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Intel invests in another three AI companies

Posted on Thursday, June 15 2017 @ 09:51:20 CEST by


INTC logo
The last couple of months AI has really become one of the most popular buzz words in the technology and business world. Today there's news that Intel Capital made investments in three more AI companies:
Intel envisions artificial intelligence (AI) as the driver for the next big wave of computing that will transform the way businesses operate and how people engage in every aspect of life. There is an enormous opportunity to make AI accessible to every industry, and as a data company, it is imperative that Intel delivers solutions that create, use and analyze the massive amounts of data that are generated each and every minute.

Intel is accelerating AI innovation industrywide through Intel Capital investments announced this week in three companies: CognitiveScale, a provider of industry-specific machine intelligence software; AEye, a robotic vision pioneer; and Element AI , a Toronto-based artificial intelligence company that delivers AI solutions.

As we proceed toward realizing the promise and opportunity offered by AI, Intel is aggressively investing in the best minds in the industry that bring the skills and technology necessary to accelerate complex, data-intensive processes. Each of these companies is involved in furthering innovations with AI – ranging from robotics and autonomous vehicles to machine intelligence software and an AI research lab – with the premise of solving our most daunting challenges by accelerating large-scale problem-solving, unleashing new scientific discovery, extending our human senses and capabilities, and relieving us of the burden of tedious or dangerous tasks.

Intel Capital has current investments in more than two dozen AI portfolio companies and was recently named by TechCrunch among the "15 venture capital funds to know if you're working on a machine intelligence startup."




 



 

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