Tech Titans Making Serious Investment Deals in AI

Published by , June 19, 2017 12:26 pm

(VentureBeat)  Intel and Microsoft have been announcing significant investment deals in recently with the chip and software giants announcing a slew of deals this week via their respective VC arms — Intel Capital and Microsoft Ventures. The most notable of these was Element AI, which raised a gargantuan $102 million in what is one of the largest series A rounds in recent times.
All the major tech titans, from Alphabet and Amazon through to Apple and beyond, have made AI acquisitions in recent times, but the recent flurry over the past week indicates the talent land grab is intensifying. Indeed, Microsoft recently launched a dedicated fund for AI startups, while Intel Capital alone now claims more than 25 AI companies in its portfolio.

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