Below reminds me of our own attempts to buy AI during the last explosion. And we did, buying some considerable equity positions. Of course the scale was far less than Google's acquisitions. Ultimately these investments lost money. Still, it was the way then , as it is now, to understand what had real value in the marketplace. Also, specifically, what Algorithmia is doing, was brought up at the time as a good idea to establish. develop and market needed ideas. Watching now.
Google’s secretive AI fund makes first public investment in Algorithmia By Maria Deutscher
In May, word leaked that Google has set up a venture capital fund run by engineers rather than professional investors and focused exclusively on backing artificial intelligence startups. The existence of the fund received official confirmation today after it was named as the lead contributor to a $10.5 million round into Seattle’s Algorithmia Inc.
The four-year-old startup is on a mission to ease the deployment and use of AI models. To that end, it offers two platforms aimed at reducing the massive amounts of manual work normally involved in the task.
The first is a marketplace through which researchers and developers can share their algorithms without the logistics of the delivery posing an obstacle. On the provider’s side, Algorithmia offers analytics features for monitoring model usage along with a monetization option geared towards submitters that wish to sell their algorithms on a commercial basis. These capabilities are joined by programming interface that enables buyers to embed solutions from the marketplace into their applications. Algorithmia runs models in the cloud to spare users the trouble of operating them on their own. .... "
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment