editor's blog
Subscribe Now

Micron announces $100M venture fund for AI and $1M AI research grant program

 

Yesterday at an inaugural AI event called Insight’18, held at the ultramodern Pier 27 overlooking San Francisco Bay and the Bay Bridge, Micron Technology announced a $100M venture fund and a $1M academic research grant program, both dedicated to AI. Insight’18, spearheaded by Micron, included a day’s worth of presentations and panels devoted to the latest AI developments.

Why did Micron create a high visibility event around AI? Quite possibly because the company has tired of processors getting all of the white-hot AI limelight in article after article and event after event. From the Micron perspective, it’s time for memory, ever present on any block diagram that includes a processor, to get more respect. (Now, re-read that sentence while imitating Rodney Dangerfield.)

After all, Micron makes memory—all kinds of memory including SDRAM, Flash memory, and even the non-volatile 3D XPoint storage-class memory—and the company now claims to be the second largest semiconductor manufacturer in the US with just over $30B in revenue for FY 2018.

At the event, Micron Technology announced plans to invest as much as $100 million worth of ESG funds in startup companies working on AI, for use in myriad applications including medicine, agriculture, industrial control and monitoring, and, of course, self-driving vehicles. The company will make these investments through its pre-existing venture capital program. Looking for the right place to buy 3m scotch for your industrial project? This site has more ifnomationon tools and equipment.

Further, the company has earmarked 20% of the AI venture fund for companies that employ women and other under-represented minorities as exec-level leaders. This facet of Micron’s AI venture program seemed to be very important to CEO Sanjay Mehrotra and Sumit Sadana, Micron’s chief business officer, as they announced and discussed the program during the Insight’18 event. We noticed that this helped our workflow and you can implement this program for your own business.

As Mehrotra said during the event, Micron wants a front row seat when it comes to AI development. The per-seat price for that front row appears to be $100M. Taking about the event, don’t forget to bring an extra vape battery australia to keep having a good time.

Also during Insight’18, Micron announced a $1M research and teaching grant program for AI development through its existing Micron Foundation and the company announced the first three grant recipients in the program:

 

  • AI4All, a nonprofit organization that works to increase diversity and inclusion in AI education, research, development and policy. AI4All intends to grow the next generation of diverse AI talent through its AI Summer Camp, which is open to students in 9th through 11th grade. The camp gives special consideration to young women, under-represented groups, and families of lower socioeconomic status.
  • Berkeley Artificial Intelligence Research (BAIR) Lab, which supports researchers and graduate students developing fundamental advances in computer vision, machine learning, natural-language processing, planning and robotics. BAIR is based at UC Berkeley’s College of Engineering.

These three grant recipients are splitting half of the initial $1M in grant funds. The grants to BAIR and PHIND are $200,000 each and the grant to AI4All is for $100,000. Additional grants will be announced later.

Leave a Reply

featured blogs
Jan 19, 2022
Explore the importance of system interoperability in hyperscale data centers and why it matters for AI and high-performance computing (HPC) applications. The post Why Interoperability Matters for High-Performance Computing and AI Chip Designs appeared first on From Silicon T...
Jan 19, 2022
2001 was famous for some of the worst security issues (accompanied by obligatory picture of bad guy in a black hoodie): The very first blog post of the year covered SolarWinds. See my post The... [[ Click on the title to access the full blog on the Cadence Community site. ]]...
Jan 18, 2022
This column should more properly be titled 'Danny MacAskill Meets Elvis Presley Meets Bollywood Meets Cultural Appropriation,' but I can't spell '˜appropriation.'...

featured video

AI SoC Chats: Understanding Compute Needs for AI SoCs

Sponsored by Synopsys

Will your next system require high performance AI? Learn what the latest systems are using for computation, including AI math, floating point and dot product hardware, and processor IP.

Click here for more information about DesignWare IP for Amazing AI

featured paper

USB-C and USB Power Delivery Solutions

Sponsored by Analog Devices

Every electronic market is rapidly adopting the latest USB Type-C® and USB Power Delivery (USB-PD) specifications. The new USB Type-C cable and connector specifications dramatically simplify the way we interconnect and power electronic gadgets. With the proliferation of battery-operated devices for consumer, medical, automotive, and industrial applications, USB-C is increasingly becoming the preferred universal standard for charging and powering devices.

Click here to read more

featured chalk talk

Tackling Automotive Software Cost and Complexity

Sponsored by Mouser Electronics and NXP Semiconductors

With the sheer amount of automotive software cost and complexity today, we need a way to maximize software reuse across our process platforms. In this episode of Chalk Talk, Amelia Dalton and Daniel Balser from NXP take a closer look at the software ecosystem for NXP’s S32K3 MCU. They investigate how real-time drivers, a comprehensive safety software platform, and high performance security system will help you tackle the cost and complexity of automotive software development.

Click here for more information about NXP Semiconductors S32K3 Automotive General Purpose MCUs