Goto

Collaborating Authors

 successful artificial intelligence spinout


Paul Allen's AI institute expands startup incubator after successful artificial intelligence spinouts

#artificialintelligence

Paul Allen's artificial intelligence experts are aiming to generate a new wave of AI startups in Seattle. The Microsoft co-founder's Allen Institute for Artificial Intelligence (AI2) announced Tuesday it is expanding its incubator for AI companies to let in outside startups for the first time, following a pair of successful spinouts this year. Companies accepted into the program will get up to $250,000 in seed money, six months of free office space, help with sales and marketing and access to 70 AI researchers and PhD holders on staff. "The real superpower, the real amazing thing we bring to the table is this incredible group of people," said Jacob Colker, entrepreneur in residence at AI2. "Some of the leading AI minds available on the planet are in this facility and the companies will be collaborating with those folks to push the bar in technology." AI2 is actively recruiting AI startups for the incubator, Colker said, with a goal of getting a class in place by the end of the year or sooner.