Samsung, Wipro Follow Jeff Bezos in Funding AI Startup Vicarious
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Samsung Electronics Co. and Wipro Ltd.’s venture arms have made strategic investments into an artificial intelligence startup named Vicarious, as established companies seek to add machine-learning technology to their products.
The financings, made in the spring, are both for amounts in the “millions” of dollars, although they were less than $20 million apiece, Vicarious co-founder Scott Phoenix said in an interview. In November, Swiss robotics giant ABB Ltd. made a strategic investment of less than $10 million into Vicarious as part of a $12 million round.