Artificial intelligence Company based in Asia has raised USD375 Million in a Series A funding arranged by by Global Private Group (GPG).
Press Release (ePRNews.com) - New York, NY - Jun 20, 2017 - Artificial intelligence Company based in Asia has raised USD375 Million in a Series A funding arranged by by Global Private Group (GPG).
The Artificial intelligence Company will use the funding to accelerate its capabilities and invest in large‐scale projects internationally, solidifying its position as one of the largest global Artificial Intelligence companies and creating hundreds of news jobs in the high tech sector by January 2018.
Global Private Group is a significant investor in the company, part of a broader strategy of Global Private Group to grow its expertise in artificial intelligence in order to serve the needs of its diversified businesses – a strategy that took shape with the establishment of AI Global Investment Labs in 2016. AI Global Investment Labs’ main areas of focus are content, social, online games and cloud services.
AI Global Investment Labs plans to open in Japan, Korea and Singapore to expand further in the Asian market, with its first Asia office in Japan during the third quarter to target the local market. The second office will be opened later in the year in Singapore, which will also serve as a regional hub for Southeast Asia.
“Artificial Intelligence is a ‘must have’ capability for global companies,” says AI Global Investment Labs’ CEO. “Without it, they are competitively impaired if not at grave risk of being obsoleted in place. AI Global Investment Labs’ understood this, and supported us to democratize the AI firepower reserved today for only the largest of tech corporations. This historic round will help AI Global Investment Labs’ deliver profoundly powerful AI platforms for all, not just the few.”
“The most serious problems facing global industry and government today involve too much complex and rapidly changing data for the cognitive capacity of even large numbers of human experts working together,” These groups – and the customers and citizens they serve – need intelligent systems that can work in concert with them to field that scale and complexity.
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