Microsoft Ventures has announced that it will expand its original mandate of supporting cloud companies that help enterprises navigate digital transformation to include projects in Artificial Intelligence (AI).
A new fund — Element AI — has been created to make investments of similar size to previous Microsoft Ventures investments, and will only include businesses with promise for strong financial returns (as opposed to non-profits or NGOs).
Recently writing in Slate, Microsoft CEO Satya Nadella said that AI must be designed to assist humanity, that it must be transparent and maximize efficiency without destroying human dignity, as well as other qualities you can read here.
Element AI, is an incubator and platform that helps organizations embrace an AI-first strategy in support of these principles.
Based in Montreal, Canada, the Element AI team is composed of academic researchers with strong connections across the top research labs in North America. Together with Element AI, Microsoft hopes to connect human and machine intelligence to fuel powerful solutions.
To date, Element AI investments include:
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