MTS AI Center, the international artificial intelligence (AI) subsidiary of Russia’s largest telecom operator, recently announced the new establishment of a $100 million AI fund and global accelerator program to drive AI innovations in emerging markets, including Asia, Europe, and North America.
Alexey Posternak, Chief Financial and Investment Officer, member of the BoD MTS AI Center, said: “We are delighted that the MTS AI VC fund and accelerator will support promising teams around the world and help developers of AI-based solutions to bring their products to a new level. The guiding vision for MTS Artificial Intelligence Center is to establish itself as an AI institute, with deep technical expertise, boosting the capabilities of its investee firms to bring new products to the market. The field of AI services has huge, transformative potential and our full-cycle platform will enhance our position in this dynamic global market by fostering innovation and seeding a diverse network of cutting-edge AI businesses. We are ready to support the rapid growth of promising teams and invest in both early-stage projects and more mature start-ups.”
Intelligent Machines will invest and support AI start-ups with the smart money, including funding, deep business expertise, computing power, and networking, leveraging the competencies and stability of MTS, an established multinational company with expertise in telecoms, cloud technology, Big Data, and AI.
In order to find projects that are related to natural language processing (NLP), edge computing, behavioral and predictive analytics, building digital twins, image recognition, and warehouse optimization, and using artificial intelligence to improve energy efficiency will be the focus of the MTS AI Center accelerator program and venture capital fund.