Microsoft Ventures out to Democratize AI

Microsoft Ventures out to Democratize AI  #AI #Microsoft

  • Launched in early 2016, Element AI enables organizations to develop their own AI solutions by implementing an “AI-First” strategy.
  • “Microsoft is committed to democratizing AI with guiding principles to drive positive impact.
  • Element AI, a Canada-based AI incubator, was the first recipient of funding from this new fund.
  • Element AI shares our approach and philosophy.”
  • “We all know ‘You’re only as good as your tools’ and now Element AI is getting supercharged with Microsoft Ventures,” says Jean-François Gagné, CEO, Element AI. “

Microsoft is taking big steps to make its mark in the Artificial Intelligence (AI) sector.

@nigewillson: Microsoft Ventures out to Democratize AI #AI #Microsoft

Microsoft is taking big steps to make its mark in the Artificial Intelligence (AI) sector. Satya Nadella, CEO of Microsoft, has outlined the following principles and goals for the company with respect to AI:

In September, 2016, Microsoft partnered with Amazon, Facebook, DeepMind/Google and IBM, to create “Partnership On AI”, a non-profit organization established to study AI technologies and define the best practices that would improve people’s understanding of AI. This organizations would also provide an open platform for discussions and engagements about AI and about how it would influence people and society.

Recently, in mid-November, Microsoft announced a partnership with OpenAI, a non-profit research organization for AI, which is co-founded by Elon Musk, Sam Altman, Greg Brockman and Ilya Sutskever. OpenAI plans to use Microsoft Azure as their primary cloud platform.

Now, it has gone a step further to create a new fund which will channel investments in AI technology startups through Microsoft Ventures. The companies selected for funding should bring people and machines together to provide increased access to education apart from teaching new skills, creating new jobs, enhancing workforce capabilities, improving disease treatment and more.

Element AI, a Canada-based AI incubator, was the first recipient of funding from this new fund. It is founded by Jean-François Gagné, Nicolas Chapados and Yoshua Bengio (who was a co-father of Deep Learning technology). Launched in early 2016, Element AI enables organizations to develop their own AI solutions by implementing an “AI-First” strategy.

“AI holds great promise to augment human capabilities and improve society,” says Nagraj Kashyap, Corporate Vice President, Microsoft Ventures. “Microsoft is committed to democratizing AI with guiding principles to drive positive impact. Element AI shares our approach and philosophy.”

“We all know ‘You’re only as good as your tools’ and now Element AI is getting supercharged with Microsoft Ventures,” says Jean-François Gagné, CEO, Element AI. “Along with a strategic investment that is a real vote of confidence for Element AI, Microsoft is giving us the tools and services which will help our AI network achieve scale, which will undoubtedly create new technologies that help tackle some of the world’s biggest problems.”

Pratibha worked as a functional consultant for 10 years with a leading products company before making the switch to writing full time. With an MBA degree under her belt, she had al Read more

Microsoft Ventures out to Democratize AI