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
For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
Contact Investorideas.com
800 665 0411
No comments:
Post a Comment