For close observers, the sale of Element AI to California-based ServiceNow was a disappointment but not a surprise.
Person: Jean-François Gagné
The Short Report, Sept 11, 2019: Genome lab, industrial IoT, ecommerce
The federal government and the province of Quebec are teaming up to fund the creation and operation of a Montreal-based international centre of expertise for the advancement of artificial intelligence, focused on the responsible and ethical development of AI technologies, as part of the Global Partnership on AI (GPAI). Ottawa is committing $10 million over five…
Element AI goes global with $137.5-million series ‘A’ investment
Montreal-based Element AI has raised $137.5 million in series ‘A’ financing to support investment in large-scale artificial intelligence (AI) projects internationally, cement its status as Canada’s the largest global AI company and hire 250 people by January 2018. The investment is the world’s largest Series A round ever for an AI company. The financing is…