“Smart startups will figure out how to attack large tech companies with it just as large tech companies used it to attack the companies before them.” In other words, tech giants handing out cash to enable creativity and innovation around machine learning could be handing their future competitors a loaded gun. “Machine intelligence is not like inventing a better sword, it’s like inventing gunpowder,” Blank says. ![]() (There's even a name for the phenomenon: the innovator's dilemma.) But he says the history of the tech industry shows that dominant companies like Microsoft of the ’90s and Google of today eventually get out-maneuvered by startups more able to adapt to new ideas. Across the fields of life science, enterprise technology, consumer products and services, and fron. After all, no one company can hope to monopolize all the creativity and talent in a given area. GV provides venture capital funding to bold new companies. Steve Blank, a veteran Silicon Valley entrepreneur and adjunct professor at Stanford, says that it makes sense for Google and others to fund outsiders. IBM and Amazon have also created AI-related funds-IBM's for startups building on top of the Watson suite of developer tools and Amazon's for the Alexa voice operated assistant.īut just because a large company throws money at an emerging new technology doesn’t guarantee that such companies will stay ahead of the curve. Microsoft announced it had created an AI venture fund last December, and in May invested in a startup called Bonsai that helps companies build with machine learning. Google isn’t the first to spin up a dedicated AI fund or even to plow some of it into a startup working on AI plumbing. ![]() Venture Forthe is made up of dedicated professionals who work together to ensure that we provide comprehensive, progressive home health care services that meet the needs of. Use Facebook or Google to register on SimplyHired and create job alert. We’re committed to providing the care our clients deserve. I want to receive the latest job alert for Venture Forthe Inc. ![]() And the fund's existence and lead role in Algorithmia's latest round fit with what you might call Google’s shovel strategy for artificial intelligence: The company believes there are piles of money to be made by giving other companies the tools to strike gold using the technology. Venture Forthe is a leading home health care agency in Western New York, family owned and operated since 1997. The company will say it is led by veteran executive Anna Patterson, vice president of engineering for AI. Google wouldn’t make anyone available to talk about its new fund, which doesn't yet have a name, or disclose its size. The service aims to make it easier for any company to use machine learning. The initiative's first public investment: lead investor in a $10.5 million funding round for Seattle startup Algorithmia, which has built a kind of app store for algorithms. The company disclosed today that it has created a new venture fund dedicated to investing in AI and machine learning companies. Google just placed yet another bet on the idea that artificial intelligence will remake the world-and throw off wild profits.
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