Element AI

Element AI is an artificial intelligence company based in Montreal, Quebec.[1][2]

Element AI
Private
IndustryArtificial intelligence
FoundedOctober 2016 (2016-10)
Headquarters
Montreal
,
Canada
Websitewww.elementai.com

History

Element AI was founded in October 2016 by Jean-François Gagné and co-founders Yoshua Bengio, Anne Martel, Nicolas Chapados, and Philippe Beaudoin, along with Jean-Sébastien Cournoyer of Montreal venture capital fund Real Ventures.[1][3][4] In 2017, the company raised US$102 million from US investors in a series A round led by the San Francisco venture fund Data Collective and Microsoft Ventures.[3][5][6][7]

In December 2018, the Government of Canada gave a loan of up to CAD$5 million to Element AI with the goal of creating new jobs.[8] They later hosted a conference on the effects of AI, with Justin Trudeau and Mounir Mahjoubi establishing a global panel to study the effects of AI.[9] In December 2018, Element AI also partnered with Amnesty International and released a study measuring online abuse against women in politics and journalism on Twitter.[10][11]

Element AI has partnerships with GIC, Singapore Management University, the Port of Montreal, LG Electronics, among others.[12][13] At the Port of Montreal, Element AI is working to predict how long trucks will wait to drop off or pick up goods at the port.[13]

The company's first standalone product Underwriting Partner, an AI-assisted insurance underwriting workflow software, was released in September 2019.[14][15]In December 2019, they released Knowledge Scout, a platform for data set management in manufacturing companies.[16]

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gollark: PotatOS uses *two* bizarre custom dubiously secure ECC libraries for a few things.
gollark: As long as it can do HTTP(S), websockets, persistent storage in significant quantities, various cryptographic algorithms, ridiculous amounts of memory use, and Lua execution, it can technically run potatOS.
gollark: Ability to run CC/CraftOS programs?

References
  1. "Can This Startup Break Big Tech's Hold on A.I.?". Fortune. Retrieved January 27, 2019.
  2. Metz, Cade (October 26, 2016). "AI Pioneer Yoshua Bengio Is Launching Element.AI, a Deep-Learning Incubator". Wired. Retrieved February 1, 2019.
  3. Marotte, Bertrand (June 14, 2017). "Montreal's Element AI gets record $102 million boost from U.S. investors". Montreal Gazette. Retrieved February 1, 2019.
  4. "Global AI Software Provider - Element AI". Element AI. Retrieved January 27, 2019.
  5. "Element AI Raises $102 Million as New Learning Model Sparks Interest". The Wall Street Journal. Retrieved January 27, 2019.
  6. "Element AI, a platform for companies to build AI solutions, raises $102M". TechCrunch. Retrieved January 27, 2019.
  7. "Revolution AI: Why everyone wants in to Montreal's deep-learning hub". Financial Post. Retrieved January 27, 2019.
  8. "Element AI receives $5 million loan from the Canadian government". BetaKit. Retrieved January 27, 2019.
  9. "Canada, France Plan Global Panel to Study the Effects of AI". Retrieved January 27, 2019.
  10. "Element AI partners with Amnesty International to study online abuse". Montreal Gazette. Retrieved January 27, 2019.
  11. "Twitter Is Indeed Toxic for Women, Amnesty Report Says". Wired. Retrieved January 27, 2019.
  12. "Element AI partnering with Singapore companies to accelerate product development". BetaKit. Retrieved January 27, 2019.
  13. "LG, Element AI Plan to Detail AI in Consumer Devices". Wall Street Journal. Retrieved January 6, 2020.
  14. Hotchkiss, Caitlin (September 23, 2019). "Element AI announces first product for the insurance market". Betakit. Retrieved December 6, 2019.
  15. "Element AI for Insurance". Element AI. Archived from the original on December 6, 2019. Retrieved December 6, 2019.
  16. Kirkwood, Isabelle (December 3, 2019). "Element AI launches newest standalone product, turning data into actionable insights". Betakit. Retrieved December 6, 2019.
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