- Andrew Ng, one of the founders of Coursera, has set out to raise a $150 million fund – dubbed AI Fund – in order to invest in artificial intelligence startups.
- At the end of June, we reported that Ng had left the Chinese company, Baidu, where he was in charge of the AI team to form his new startup, deeplearning.ai.
- At the time that we reported on that news, it wasn’t clear what Ng had in mind; in the time since, deeplearning.ai has started offering courses on Coursera which Ng himself is a co-founder of.
- According to the course description on Coursera, those who complete the course should leave with the following skills:
The year has been busy for AI funds, Google has rolled out Gradient Ventures, Basis Set Ventured drew in $136 million to their fund, Element.AI raised $102 million, Microsoft Ventures started an AI fund and Toyota gathered $100 million to spend on AI investment.
- Ng’s recognition in the field should help him put together a decent fund to aid AI startups going forward.
Andrew Ng, formerly of Baidu and co-founder of Coursera, has filed with the SEC to set up ‘AI Fund’. He hopes that the fund will raise $150 million in order to help AI startups get off the ground.
Continue reading “Coursera co-founder, Andrew Ng, sets out to raise $150M for AI Fund”
- The gala awards event celebrating winners of NVIDIA’s Inception competition for AI startups had the trappings of Tinseltown, with one key difference: Its envelope was stuffed with $1.5 million in cash prizes, to be split among six of the world’s most promising AI startups.
- “Ten years ago, we started a journey of creating a new computing platform so that you guys could discover things and make a contribution to the world that otherwise would have been impossible,” said Jensen Huang, NVIDIA CEO and founder.
- “It’s great that a company like NVIDIA that’s defined the industry and is continuing to define it will help startups,” said Tanay Tandon, the 20-year-old founder of Athelas.
- “Winning this prize is the ultimate recognition from the deep learning industry because deep learning and NVIDIA are synonymous,” said David Eli, Deep Instinct CEO and co-founder.
- At the close of the event, winners stepped onto the stage for champagne toasts with Huang and other NVIDIA executives.
The gala event celebrating winners of NVIDIA’s Inception competition for AI startups had the trappings of Tinseltown. Judges chose top teams and runners-up in three categories.
Continue reading “These Six AI Startups Just Snagged a Share of $1.5 Million in Cash Prizes”
- Which is why it makes sense that Apple has announced it’s expanding its offices in Seattle, where much of its AI and machine learning work is done.
- Last August, Apple even bought a Seattle-based machine learning and artificial intelligence startup named Turi for an estimated $200 million, and the team is said to be moving into Apple’s offices at Two Union Square as part of the expansion.
- Carlos Guestrin, a University of Washington professor, former Turi CEO, and now director of machine learning at Apple, told GeekWire: “There’s a great opportunity for AI in Seattle.”
- He added: “We’re trying to find the best people who are excited about AI and machine learning — excited about research and thinking long term but also bringing those ideas into products that impact and delight our customers.”
- As part of the news, the University of Washington also announced a $1 million endowed professorship in AI and machine learning named after Guesterin.
In many ways, the tech world’s AI arms race is really a fight for talent. Skilled engineers are in short supply, and Silicon Valley’s biggest companies are competing to nab the best minds from…
Continue reading “Apple is expanding its Seattle offices to focus on AI and machine learning”
- Myki rolls out a password manager that locks all your info away on your phone
- Posted 15 hours ago by Connie Loizos ( @cookie )
- Uber starts self-driving car pickups in Pittsburgh
- Apply now to the Startup Battlefield at Disrupt London
- It seemed particularly daunting to investors given the data that big companies are able to amass and slice and dice and use to train AI. “The theory went that if you were a startup, even if you could get people, you couldn’t get the data,” he said.
Earlier this year, Andreessen Horowitz investor Chris Dixon noted that how challenging it’s become for investors to help groom promising AI startups, given..
Continue reading “Marc Andreessen on the atomization of AI”
- 3:00 AM Gogoro starts an electric scooter-sharing program in Berlin
- 7:30 AM Apple should stop selling four-year-old computers
- 5:30 AM Apple is taking a beating in India, the world’s third largest smartphone market
- 2:01 PM The Roomba 960 is a slightly cheaper Wi-Fi vacuum robot
- 6:00 AM Polar puts fitness ahead of style with its first Android Wear smartwatch
Read the full article, click here.
@verge: “Apple buys machine learning startup Turi”
Apple has acquired the machine learning startup Turi, according to GeekWire. As usual with an Apple acquisition, it’s picking up a small company whose products will likely make their way into the…
Apple buys machine learning startup Turi
- AiCure uses artificial intelligence (AI) on mobile devices to confirm medication ingestion in clinical trials and high-risk populations.
- StatMuse employs AI for its graphic search engine for sports stats.
- Inbenta uses AI to allow customers to find their own answers on a web site.
- CustomerMatrix – using AI to enhance customer interactions.
- Scaled Inference – offering machine learning as a service, using AI to guide users through the process.
Read the full article, click here.
@RickKing16: “20+ #AI Startups – Butler Analytics”
AI is primarily concerned with the creation of intelligent agents that use technologies such as machine learning, optimization, language processing, logic and search to automate otherwise manual tasks. Most of the AI startups here are pitching at business use (usually sales and marketing), but a few are also developing consumer products (e.g. Anki). Applications in healthcare are also becoming common.
20+ AI Startups
- Anticipate changes in the AI landscape and plan
- We’ll go over the AI landscape and how the top players in the industry are using AI to better their bottom line.
- The AI revolution: How artificial intelligence can boost your bottom line (VB Live)
- AI now plays a pivotal role in so many industries, it simply cannot be ignored – those who do will simply become charmingly anachronistic.
- AI is part of the mainstream and will only get bigger, as technology continues to improve in mimicking human behaviour, and the big players in the tech industry are taking notice.
Read the full article, click here.
@VentureBeat: “The AI revolution: How artificial intelligence can boost your bottom line (VB Live)”
AI now plays a pivotal role in so many industries, it simply cannot be ignored — those who do will simply become charmingly anachronistic. Join this essential VB Live event to understand the current AI landscape and how those who are winning at it, are winning big.
The AI revolution: How artificial intelligence can boost your bottom line (VB Live)