(NEW YORK)–AI VentureTech, a technology accelerator and advisory firm focused in the areas of artificial intelligence and automation, announced their plans to open their own artificial intelligence (A.I.) research facility in New York City.
Located in New York City, AI VentureTech is an innovative technology accelerator and financial advisory firm focused on startups within the areas of Artificial Intelligence and Automation. Their advisory division will assist clients involved in A.I. and automation in such areas as accessing funding, mergers and acquisitions, public listings, and strategic partnerships.
A.I. Research Facility
The Company outlined plans to open its own A.I. research facility of data scientists and computer engineers in the New York City region. The engineers would not only assist clients that may be working with the Company, but will also work on a consulting basis to help build “big data” and A.I. solutions for larger enterprise companies.
The Company stated that by locating their research facility in the New York City they could gain better access to the vast and number of banks, financial firms, healthcare agencies, education institutions, and media companies the city has to offer.
China Research Facility
In addition, the Company also announced they were exploring, through potential strategic partnerships, raising capital to open an A.I. research facility in China, which offers a positive government regulatory environment for Automation and Artificial Intelligence in that region.
In July 2017, China’s State Council issued plans to invest heavily in Artificial Intelligence (AI) and automation technologies in the next 10 to 15 years with majestic plans to become the world leader in A.I. by year 2030.
Since the release of this initiative in June 2017, a large number of local governments have created special plans to build research centers to focus on A.I. Many economic regions in China are already spending hundreds of millions of dollars, with some earmarking even more capital going forward. In June, the government of Tianjin, an eastern city near Beijing, said it planned to set up a $5 billion fund to support the A.I. industry and an “intelligence industry zone” that will sit on more than 20 square kilometers of land.
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About AI VentureTech
AI VentureTech is a New York based technology accelerator and advisory firm focused on start-ups in the areas of artificial intelligence, and automation. The technology advisory division assists startups in the areas of business analytics, data mining, machine learning, artificial intelligence, visualization tools, predictive modeling, and cloud advanced analysis in capital formation, funding, and mergers and acquisitions. Our research consulting team of data scientists will assist our clients in transforming their companies data so it can be used to inform, improve, and enable key management decisions.