Microsoft Starts New Venture Fund With Investment in Bengio's Element AI

Microsoft Corp.'s venture arm started an artificial intelligence-focused fund, kicking it off with an investment in a startup by a luminary in the field.

Element AI, a Montreal-based research lab started by Yoshua Bengio and others, will get an undisclosed amount from Microsoft Ventures, Redmond, Washington-based Microsoft said in a statement Monday. The size of the fund, which will back AI companies, wasn't disclosed.