Sina Technology News, Beijing time on October 11 morning news, Micron Technology (Micron Technology) said on Wednesday that it plans to invest up to 100 million US dollars in startups engaged in artificial intelligence (AI) technology, focusing on autonomous vehicles, factories Emerging areas such as automation.
Sumit Sadana, the chief business officer of Micron; Sumit Sadana, told Reuters that the company launched a corporate venture capital plan more than a decade ago, but so far its investment has been “very fragmented” and “together” Very close to our core business & rdquo;.
The return on the existing venture capital business has been stable. But the company believes that by expanding its participation in the field of artificial intelligence, Micron can eventually sell more memory chips, because the large amount of data processed in the artificial intelligence field needs to be stored in Micron's products. Sadana announced the move at the first artificial intelligence conference in San Francisco, after Micron rarely publicly disclosed corporate investment trends.
Sadana said the newly allocated funds will be invested in hardware and software start-ups in the field of artificial intelligence. He said that Micron is particularly interested in investing in autonomous vehicle technology, enhancements and virtual reality, as well as technology for factory automation, as the company has already done business in these areas.
“We will significantly accelerate the pace of our investment,” said Sadana.
Artificial intelligence tasks such as computer recognition of images or human speech are in great need of vast data and computing power.
Therefore, Micron's chip industry peers are also investing. In recent years, Intel's venture capital department has invested more than $1 billion in startups engaged in artificial intelligence, and Nvidia is running a project to help thousands of small businesses use their chips.
Micron said that one-fifth of venture capital investment funds will be invested in companies led by women and other minority groups. The company also pointed out at a meeting in San Francisco that as a non-profit organization, the Micron Foundation provided $1 million in funding to fund research on artificial intelligence in universities and non-profit organizations.
The top three recipients of the funding are the Berkeley Artificial Intelligence Research Laboratory, the Stanford Center for Precision Health and Comprehensive Diagnostics, and AAI4All—— a non-profit organization that specializes in summer camps for minority students in the field. (Small)