Andrew Ng Launches $175M AI Incubator Devoted to Machine Learning Startups
Artificial intelligence frontrunner Andrew Ng has raised $175 million for a new incubator devoted to machine learning startups. The fund, backed by NEA, Sequoia Capital, Greylock Partners and SoftBank, won’t invest in outside startups, Ng said in a note this week. Rather, it will fund small strike teams of AI researchers working inside the fund, who will test […]
IN EARLY 2014, Srikanth Thirumalai met with Amazon CEO Jeff Bezos. Thirumalai, a computer scientist who’d left IBM in 2005 to head Amazon’s recommendations team, had come to propose a sweeping new plan for incorporating the latest advances in artificial intelligence into his division. He arrived armed with a “six-pager.” Bezos had long ago decreed that […]
Google-parent Alphabet’s revenue rose 24 percent year-over-year, to $32.32 billion, exceeding expectations. Net revenue also beat expectations, at $25.9 billion. And because of recent tax legislation in the last quarter, the company faced a net loss of $3.02 billion. But to better illustrate those metrics and potential growth areas for the company, Google CEO Sundar Pichai and […]
Artificial Intelligence is real and it is here. But successfully putting AI into action isn’t exactly a walk in the park — it requires a fundamental rethinking of the business. The pressure is on — 53 percent of executives responding to a recent survey said their industry has “already experienced disruption” due to AI. An example […]