Microsoft sets up $3.5 million competition for artificial-intelligence startups

#AI: Microsoft sets up $3.5 million competition for artificial-intelligence startups #Tech

  • Microsoft Ventures will invest $3.5 million in artificial-intelligence startups after competitions for the money in North America, Europe and Israel.
  • The bake-off, dubbed Innovate.Ai, will see Microsoft Ventures award $1 million loans that convert to an equity stake to one startup each from North America, Europe and Israel.
  • A separate, $500,000 investment will go to a startup Microsoft judges to be building products designed to improve society.
  • Israel is a hotbed of cutting-edge software research; Microsoft’s startup investment arm has an office there, and the company has acquired a few Israeli startups in recent years.
  • Microsoft has leaned heavily on such freebies to get companies interested in its technology after Amazon Web Services built a wide lead in providing cloud-computing services to startups.

Microsoft Ventures will invest $3.5 million in artificial-intelligence startups after competitions for the money in North America, Europe and Israel. Plans for the Innovate.Ai awards come as Microsoft ramps up its corporate focus on software that uses machine learning.
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Tech giants acquired 34 AI startups in Q1 2017

#TechGiants acquired 34 #AI #startups in Q1 2017 

 #fintech #insurtech #VC

  • (Reuters) – A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.
  • Startups are looking to go deep on applications of artificial intelligence to specific fields, such as health and retail, industry observers say, rather than compete directly with established companies.
  • Artificial intelligence companies that do remain independent field a steady stream of suitors: Matthew Zeiler, chief executive of Clarifai, which specializes in image and video recognition, said he has been approached about a dozen times by prospective acquirers since starting the company in late 2013.
  • Clarifai’s pitch to customers such as consumer goods company Unilever and hotel search firm Trivago is bolstered by its narrow focus on artificial intelligence.
  • Startups rarely have the capital to compete, but a company with a specialized mission can win over recruits, said Vic Gundotra, chief executive of AliveCor, which makes an AI-driven portable heart monitor.

(Reuters) – A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.
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Apple acquires machine learning startup Turi, formerly known as GraphLab and Dato

Apple acquires machine learning startup Turi, formerly known as GraphLab and Dato

  • Apple has acquired Turi , a machine learning software startup.
  • The startup employed some former Microsoft employees, so it’s fascinating to see Apple acquire it.
  • Apple acquires machine learning startup Turi, formerly known as GraphLab and Dato
  • Apple provided no information other than its standard boilerplate message for confirming acquisitions. “
  • Apple has acquired several other machine learning startups recently, including Emotient , Perceptio , and VocalIQ .

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@VentureBeat: “Apple acquires machine learning startup Turi, formerly known as GraphLab and Dato”


Apple has acquired Turi, a machine learning software startup. The startup formerly went by the names GraphLab and Dato.


Apple acquires machine learning startup Turi, formerly known as GraphLab and Dato