Microsoft Ventures launches new fund for AI startups, unveils investments

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Microsoft continues to bet on artificial intelligence technology and on Monday unveiled a new Microsoft Ventures fund that focuses strictly on AI startups.

The fund, part of the company’s investment arm that launched in May, will back companies developing AI technology that are committed to “inclusive growth and positive impact on society,” wrote Nagraj Kashyap, the former Qualcomm Ventures leader who joined Microsoft earlier this year.

Companies in this fund will help people and machines work together to increase access to education, teach new skills and create jobs, enhance the capabilities of existing workforces and improve the treatment of diseases, to name just a few examples,” Kashyap wrote in a blog post.

In September, Microsoft announced a major reshaping of the company’s internal structure and formed a new 5,000-person engineering and research team to focus on its artificial intelligence products. The new Microsoft AI and Research Group, led by Microsoft Research chief Harry Shum, established a fourth engineering division inside the company, along with the Office, Windows and cloud groups.

Read the source article at GeekWire.