Graphcores AI chips now backed by Atomico, DeepMinds Hassabis

July 22, 2017

Is AI chipmaker Graphcore out to eat Nvidias lunch? Co-founder and CEO Nigel Toon laughs at that interview opener perhaps because he sold his previous company to the chipmaker back in 2011. Im sure Nvidia will be successful as well, he ventures. Theyre already being very successful in this market And being a viable competitor and standing alongside them, I think that would be a worthy aim for ourselves. Toon…


Freshdesk owner Freshworks acquires Joe Hukum as it plans a move into chatbots

July 21, 2017

After raising $55 million last year to build its business beyond its existing help desk services, today Freshworks (the parent company of Freshdesk) has made an acquisition to help it fill out that strategy. The company has acquired Joe Hukum, a startup out of India that offers a platform for businesses to build their own chatbots. Ive asked, but the companies are not revealing any terms of the deal. Joe…


Toyota launches venture capital fund targeting artificial intelligence startups

July 12, 2017

Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund. The initial early-stage fund will deploy $100 million and operate as a subsidiary of theToyota Research Institute.The automaker has strategically positioned itself as an ROI rather than strategic-focused fund meaning that it aims to profit like any other VC firm. Jim Adler will serve as managing director of the fund. He has been serving as…


Ethics and Governance AI Fund funnels $7.6M to Harvard, MIT and independent research efforts

July 11, 2017

A $27 million fund aimed at referring neural networks to the public interest has announced the first targets for its beneficence: $7.6 million will be split unequally between MITs Media Lab, Harvards Berkman Klein Center and seven smaller study endeavours around the world. The Ethic and Governance of Artificial Intelligence Fund was created by Reid Hoffman, Pierre Omidyar and the Knight Foundation back in January; the intention is to guarantee…


Curious to crack the neural code? Listen carefully

July 11, 2017

Shahin Farschi is a partner at Lux Capital. More posts by this contributor: Need jobs? Get robots, and education right Perhaps for the first time ever, our noggins have stolen the spotlight from our hips. The media,popular culture, science and business are paying more attention to the brain than ever. Billionaires want to plug into it. Scientists view neurodegenerative disease as the next frontier after cancer and diabetes, hence increased efforts…


H2O.ais Driverless AI automates machine learning for businesses

July 7, 2017

Driverless AI is the last produce from H2O. ai aimed at lowering the barrier to representing data discipline work in a corporate framework. The implement expedites non-technical hires with cooking data, gauging constants and determining the optimal algorithms for undertaking specific business problems with machine learning. At the research level, machine learning troubles are complex and irregular mix GANs and reinforcement learning in a ever been identified apply occasion takes…


The next generational shift in enterprise infrastructure has arrived

June 29, 2017

Michael Yamnitsky is venture partner at NYC-based venture fund Work-Bench. More posts by this contributor: Why Startups Will Dominate The AI-Powered Apps Landscape AI Is About To Go Mainstream And Reshape The Workplace Cloud computing is driving growth at 3 of the 5 most valuable companies in the world. AI will impact jobs only as quickly as AI-powered business software evolves. These are just two of the ramifications of disruptions in enterprise…


Andrew Ng announces, his new venture after leaving Baidu

June 24, 2017

Andrew Ng, the former chief scientist of Baidu, announced his next venture,, with only a logo, a domain name and a footnote pointing to an August launch date. In an interesting twist, the domain name appears to be registered to Baidus Sunnyvale AI research campus the same office Ng would have worked out of as an employee. It makes sense that Ng would take advantage of his name…


Regulation could stifle growing China-US venture activity

June 22, 2017

Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: Advertising giants leave little room for adtech startups, and VCs are noticing How Ethereum became the platform of choice for ICOd digital assets Last week,Reutersreportedthat the U.S. government is considering placing new restrictions on Chinese investment into American companies developing artificial intelligence, machine learning and other technologies with strategic importance to the United States. The…


At AI bot startups, cool kids rule

June 18, 2017

Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: The state of the unicorn CrunchBase Spotlight: Data hints at down rounds, but not wipeout, for marketplace lending You would think at least one AI-powered humanoid bot would have a properly nerdy name. Maybe a Poindexter or Hildegarde to add some natural language processing to your customer chat app? No such luck. Instead, it sounds like the cool kids are…