- Published on April 8, 2022
- In AI Features
Who is funding AI research?
Innovation in the field of AI is very resource-intensive and often needs strong financial backing.
- By Shraddha Goled
AI is seeping into every aspect of daily life, and the kind of impact it has is unprecedented. A lot of the innovation and research and development work in AI (or any other field for that matter) happens at the leading labs of the world. Innovation in the field of AI is very resource-intensive and often needs strong financial backing. Government and industries have been actively investing in such research labs. In this article, we list who is investing in some of the leading AI research labs in the world.
DeepMind
DeepMind is among the most promising AI research organisations in the world. It has several groundbreaking research works to its merit, the latest being Alphafold. Founded in 2010 by Demis Hassabis, Mustafa Suleyman and Shane Legg, the institute directs its main focus on reinforcement learning and has the ultimate goal to realise artificial general intelligence fully. DeepMind was acquired by Google in 2014 for a whopping $650 million.
As per publicly available data,
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Shraddha Goled
I am a technology journalist with AIM. I write stories focused on the AI landscape in India and around the world with a special interest in analysing its long term impact on individuals and societies. Reach out to me at shraddha.goled@analyticsindiamag.com.
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