The
#AIEye: Baidu (Nasdaq: $BIDU) to Invest $200 Million into AI-Investment Firm
and Veritone (Nasdaq: $VERI) Makes aiWARE Platform Available to Microsoft (Nasdaq:
$MSFT) Azure Government
Element
#AI Raises $151 Million USD in Series B Round
Point Roberts WA, Vancouver BC – September 13,
2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/09131AIEye-BIDU-VERI-MSFT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:BIDU) (NasdaqGS:VERI) (NasdaqGS:MSFT)
Baidu, Inc. (NasdaqGS:BIDU) plans to invest 1.44 billion yuan ($200
million USD) into AI-focussed investment firm Neusoft Holdings Co. Ltd. The
agreement will see Baidu CTO Wang Haifeng join Neusoft’s board and the two
companies will collaborate on areas including smart cities, education services
and healthcare. The South China Morning Post quotes Baidu’s
statement on the deal:
“Neusoft
is an industry leader in … smart cities … and AI cloud for hospitals and the
education sector. The collaboration between Baidu and Neusoft … is cooperation
between an internet firm and a solutions provider to explore leading AI
technology applications and industrial intelligence.”
Veritone, Inc. (NasdaqGS:VERI) has made its aiWARE platform available on Microsoft’s (NasdaqGS:MSFT) Azure Government, allowing
users of the latter to leverage Veritone’s operating system for artificial
intelligence. Ryan Steelberg, President of Veritone, explained:
“Given
Microsoft’s cloud dominance in the government sector, we are extremely excited
about the opportunities this collaboration opens up. As state and federal
agencies across the country continue to modernize their IT infrastructure, many
of them are already on Azure Government. Now, new and existing Azure Government
customers will be able to leverage Veritone aiWARE and our purpose-built
applications to fundamentally transform their operations. Using AI, agencies will
be able to unlock insights from their voluminous datasets with speed and scale
previously unimaginable, helping them accomplish their missions more
efficiently and effectively than ever before.
Element
AI Raises $151 Million USD in Series B Round
Canadian AI software developer Element AI has raised $151 million USD in a Series B Round of
financing, allowing it to accelerate deployment and commercialization, and
continue to develop AI products. According to the press release, new investors
include: the Caisse de dépôt et placement du Québec (CDPQ), a long-term
institutional investor, McKinsey & Company, a global management consulting
firm and owner of advanced analytics company QuantumBlack, and the Government
of Québec. Element AI CEO Jean-François (JF) Gagné said:
"Operationalizing
AI is currently the industry's toughest challenge, and few companies have been
successful at taking proofs-of-concepts out of the lab, embedding them
strategically in their operations, and delivering actual business impact. We
are proud to be working with our new partners, who understand this challenge
well, and to leverage each other's expertise in taking AI solutions to
market."
Sam Mowers,
Investorideas.com
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