A|I: The AI Times – What VCs want from AI startups

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page.


BROUGHT TO YOU BY:


Charli AI comes out of stealth mode, launches workflow automation product

Vancouver-based Charli AI has announced the limited release of its chat-oriented and no-code workflow solution aimed to automate financial tasks for businesses.


RECOMMENDED BY MICROSOFT FOR STARTUPS:

PitchBook-All Raise All In: Women in the VC Ecosystem

“Microsoft for Startups partnered with PitchBook and All-Raise to publish All In: Women in the VC Ecosystem which highlights global and US-focused trends surrounding female-founded companies and female-led VC funds throughout the last decade. With an increased focus towards supporting women-led businesses, M12 (Microsoft’s Venture Capital arm) has announced the Female Founders Competition for tech startups – deadline closes December 15.”
Aaiman Aamir, Toronto Reactor Program Manager, Microsoft Reactor


TechCrunch

John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’

Legendary coder John Carmack is leaving Facebook’s Oculus after six years to focus on a personal project — no less than the creation of Artificial General Intelligence, or “Strong AI.”


Israeli AI startup cnvrg.io raises $8 million to help enterprise data teams adopt machine learning

cnvrg.io, the Israeli data science platform bringing auto-adaptive machine learning to enterprise, has closed both seed and Series A rounds, totaling $8 million of funding in the last year.


BetaKit

Montreal’s Potloc announces $13 million CAD Series A originally closed in July

Potloc, a startup that conducts market research using geo-targeted surveys, has announced $13 million in a Series A funding round, closed in July.


The computing power needed to train AI is now rising seven times faster than ever before

An updated analysis from OpenAI shows how dramatically the need for computational resources has increased to reach each new AI breakthrough.


TechCrunch

What AI startups need to achieve before VCs will invest

Not every AI startup has what it takes to secure an investment and scale to success. So, what do venture capitalists look for when considering an investment in an AI company?


BetaKit

Stradigi AI closes $53 million CAD Series A, with support from will.i.am

Montreal-based artificial intelligence provider Stradigi AI has closed a $53 million CAD in Series A funding round.


Plum raises €2.7 million additional funding to expand its AI-based savings assistant across Europe

The London-and-Athens-based startup is also launching an Android app to reach more savers in the UK and beyond.


TechCrunch

Moveworks snags $75M Series B to resolve help desk tickets with AI

Moveworks, a startup using AI to help resolve help desk tickets in an automated fashion, announced a $75 million Series B investment today.


Canada refuses visas to over a dozen African AI researchers

For the second year in a row, Canada has refused visas to dozens of researchers – most of them from Africa – who were hoping to attend an artificial intelligence (AI) conference in Vancouver.


TechCrunch

Eigen nabs $37M to help banks and others parse huge documents using natural language and “small data”

The round was led by Lakestar and Dawn Capital, with Temasek and Goldman Sachs Growth Equity (which co-led its Series A) also participating. Eigen has now raised $55 million in total.



Subscribe to A|I: The AI Times Newsletter

* indicates required




Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.