Google Invests $5 Million Into AI Research

Google has invested around 5 million US dollars into The Vector Institute at the University of Toronto. The Vector Institute is an artificial intelligence research facility and the money will go towards funding postgraduate research projects into AI. The AI projects are thought to be focused on neural net research, with a particular focus on the healthcare, manufacturing, finance and material science sectors. The Vector Institute will be guided by Geoffrey Hinton, who is also an Engineering Fellow at Google.