1. Tech giants investing in AI: Microsoft
Yesterday, Microsoft Ventures launched a new fund for AI startups. Founded in January 2016, Microsoft Ventures is a VC fund created by Microsoft that focuses on 'investing in AI companies focused on inclusive growth and positive impact on society', along with machine learning, big data, the cloud, security and SaaS.
Microsoft also announced the first backer for Element AI, a Montreal-based AI incubator.
What's more, Microsoft has launched its Microsoft's project Oxford that aims to understand its users with face, emotion and speech application program interfaces (APIs).
In addition, Microsoft announced at Future Decoded earlier in the year that developers now have access to an emotion detection service that can assign an emotion to a person depending on their facial expression. This kind of facial recognition allows photos to be edited depending on the feelings expressed in them.