Microsoft expects the artificial intelligence fund to increase the rate of its investments, which now stands at 19 this year.
Microsoft Ventures, the corporate venturing subsidiary of software provider Microsoft, launched a specialised fund on Monday that will invest in artificial intelligence technology startups.
The fund will make investments sized similarly to Microsoft Ventures’ other deals but will chiefly target companies that can promise “strong financial returns” rather than non-profit organisations. The name and size of the fund have not yet been disclosed.
Nagraj Kashyap, corporate vice-president of Microsoft Ventures, said in a blog post announcing the fund: “We will…
