Sanjay Mehrotra, President & CEO, Micron, sits down with Dave Vellante and David Floyer for Micron Insight'18 at Pier 27 in San Francisco, CA.
#MicronInsight18 #Micron #theCUBE
https://siliconangle.com/2018/10/10/micron-invest-100m-ai-startups-promote-diversity/
With a new $100 million fund, Micron plans to invest in AI startups and diversity
Computer chip maker Micron Technology Inc. said today it will throw $100 million at artificial intelligence startups as it seeks to create new markets for its semiconductor technology.
The company announced the new fund during the opening day of its inaugural Micron Insight 2018 conference in San Francisco this week. It said the plan is to invest in AI startups working on building self-driving vehicles, factory automation systems and other areas.
Micron’s motivation stems from wanting to sell more of its memory chips, so AI is a high priority because it demands massive amounts of data for training algorithms and deep learning and machine learning models.
“As companies develop more complex AI and start working on more advanced use cases, the hardware used to train and run those models will become increasingly more important,” the company said. “This requires a detailed look at compute, memory and storage configurations to avoid performance and throughput bottlenecks and drive faster, better results.”
Micron hopes that by investing in AI startups, it can help to spur adoption of the technology and thus create more demand for its memory chips. To that end, it’s planning to invest in both hardware and software startups, the company said.
Micron President and Chief Executive Sanjay Mehrotra (pictured) appeared today on theCUBE, SiliconANGLE’s mobile event livestreaming studio, to discuss the new fund, where he revealed a key element was about promoting diversity in AI.
“Our $100 million fund is targeted towards supporting startups, but what I’m really excited about is that 20 percent of this fund will go to startups that have leadership represented by women or groups that are underrepresented in tech today,” Mehrotra said. “We want to be in the front row with startups as this will help us to accelerate time to market of various AI applications.”
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
Micron Insight 2018. If you don’t think you received an email check your
spam folder.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Register For Micron Insight 2018
Please fill out the information below. You will recieve an email with a verification link confirming your registration. Click the link to automatically sign into the site.
You’re almost there!
We just sent you a verification email. Please click the verification button in the email. Once your email address is verified, you will have full access to all event content for Micron Insight 2018.
I want my badge and interests to be visible to all attendees.
Checking this box will display your presense on the attendees list, view your profile and allow other attendees to contact you via 1-1 chat. Read the Privacy Policy. At any time, you can choose to disable this preference.
Select your Interests!
add
Upload your photo
Uploading..
OR
Connect via Twitter
Connect via Linkedin
EDIT PASSWORD
Share
Forgot Password
Almost there!
We just sent you a verification email. Please verify your account to gain access to
Micron Insight 2018. If you don’t think you received an email check your
spam folder.
In order to sign in, enter the email address you used to registered for the event. Once completed, you will receive an email with a verification link. Open this link to automatically sign into the site.
Sign in to gain access to Micron Insight 2018
Please sign in with LinkedIn to continue to Micron Insight 2018. Signing in with LinkedIn ensures a professional environment.
Are you sure you want to remove access rights for this user?
Details
Manage Access
email address
Community Invitation
Sanjay Mehrotra, President & CEO, Micron | Micron Insight'18
Sanjay Mehrotra, President & CEO, Micron, sits down with Dave Vellante and David Floyer for Micron Insight'18 at Pier 27 in San Francisco, CA.
#MicronInsight18 #Micron #theCUBE
https://siliconangle.com/2018/10/10/micron-invest-100m-ai-startups-promote-diversity/
With a new $100 million fund, Micron plans to invest in AI startups and diversity
Computer chip maker Micron Technology Inc. said today it will throw $100 million at artificial intelligence startups as it seeks to create new markets for its semiconductor technology.
The company announced the new fund during the opening day of its inaugural Micron Insight 2018 conference in San Francisco this week. It said the plan is to invest in AI startups working on building self-driving vehicles, factory automation systems and other areas.
Micron’s motivation stems from wanting to sell more of its memory chips, so AI is a high priority because it demands massive amounts of data for training algorithms and deep learning and machine learning models.
“As companies develop more complex AI and start working on more advanced use cases, the hardware used to train and run those models will become increasingly more important,” the company said. “This requires a detailed look at compute, memory and storage configurations to avoid performance and throughput bottlenecks and drive faster, better results.”
Micron hopes that by investing in AI startups, it can help to spur adoption of the technology and thus create more demand for its memory chips. To that end, it’s planning to invest in both hardware and software startups, the company said.
Micron President and Chief Executive Sanjay Mehrotra (pictured) appeared today on theCUBE, SiliconANGLE’s mobile event livestreaming studio, to discuss the new fund, where he revealed a key element was about promoting diversity in AI.
“Our $100 million fund is targeted towards supporting startups, but what I’m really excited about is that 20 percent of this fund will go to startups that have leadership represented by women or groups that are underrepresented in tech today,” Mehrotra said. “We want to be in the front row with startups as this will help us to accelerate time to market of various AI applications.”
