Microsoft bets on AI

BII This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. On Monday, Microsoft announced a new Microsoft Ventures fund dedicated to artificial intelligence (AI) investments, according to TechCrunch. The fund, part of the company’s investment arm that launched in May, will back startups developing AI technology and includes Element AI, a Montreal-based incubator that helps other companies embrace AI. The fund further supports Microsoft’s focus on AI. The company has been steadily announcing major initiatives in support of the technology. For example, in September, it announced a major restructuring and formed a new group dedicated to AI products. And in mid-November, it partnered with OpenAI, an AI research nonprofit backed by Elon Musk, to further its AI research and development efforts.    Investment…


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