Google just placed yet another bet on the idea that artificial intelligence will remake the world—and throw off wild profits. The company disclosed today that it has created a new venture fund dedicated to investing in AI and machine learning companies. The initiative's first public investment: lead investor in a $10.5 million funding round for Seattle startup Algorithmia, which has built a kind of app store for algorithms.

Get in-depth coverage of current and future trends in technology, and how they are shaping business, entertainment, communications, science, politics, and society.

Advertisement