#Microsoft Corp. (MSFT), #NVIDIA Corp. (NVDA) and #Intel Corp. (INTC) all participated in a round of fund raising for #ElementAI, the Canadian artificial intelligence startup, as the technology powerhouses go after the burgeoning market. According to media reports, Microsoft made the investment via its venture capital arm Microsoft Ventures, while Intel did it via Intel Capital. The startup that developed a platform to help companies of all sizes build AI into their businesses, raised $102 million. The Series A round of funding was led by Data Collective, a San Francisco VC firm. Microsoft is a previous investor in Element AI, which splashed onto the scene just a mere eight months ago.
http://www.investopedia.com/news/microsoft-intel-nvidia-invest-element-ai/
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