Intel Capital in the present day introduced an funding of $117 million in 14 startups doing issues like making AI inference sooner, serving to producers deploy AI programs, constructing semiconductors, and creating disruptive tech past AI in well being care and communications.
The businesses hail from China, Canada, Israel, the UK, and the US.
Corporations supported as a part of the announcement embrace Touchdown AI, an organization created by former Google Mind cofounder Andrew Ng that helps producers apply AI to their enterprise practices, and Untether AI, which makes chips particularly for neural internet inference.
An Intel Capital spokesperson declined to share particular quantities invested in every startup. Intel Capital routinely invests between $300 million and $500 million yearly in startups creating distinctive, forward-thinking, or disruptive options.
Different AI startups that obtained backing in the present day embrace:
- Cloudpick, based mostly in Shanghai, which makes use of deep studying and pc imaginative and prescient for ecommerce options.
- Medical Informatics, based mostly in Houston, which makes use of machine studying and information to deliver predictive insights to affected person care.
- Zhuhai Eeasy Expertise, based mostly in Zhuhai, China, which makes AI programs for media-related use instances for deployment on the sting, comparable to video encoding and picture processing.
Whereas the vast majority of the 14 firms being supported by Intel Capital are creating services and products associated to synthetic intelligence, different firms are in several fields, comparable to Polystream, which delivers 3D purposes for video video games within the cloud; Pixeom, which helps shoppers handle large-scale hybrid cloud and edge computing; and Tibit Communications, which makes a tool to enhance Ethernet web connections.
The information was shared in the present day at Intel Capital’s World Summit, a gathering for enterprise capitalists and entrepreneurs now in its 19th yr, which is going down this week in Phoenix, Arizona.
Intel additionally introduced in the present day at World Summit an funding in hbcu.vc, a nonprofit group that helps college students from traditionally black schools and universities, in addition to Hispanic college students, study extra about enterprise capital and entrepreneurship.