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A.I. start-up Petuum is the latest company to get a big check from SoftBank

October 10, 2017

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Enterprise tech start-up Petuum is on a quest to help businesses of any kind use artificial intelligence just like Google, Amazon, Facebook or Tesla.

According to Petuum co-founder, CEO and chief scientist Eric Xing (a computer science professor now on sabbatical from Carnegie Mellon University), AI can power all kinds of products that benefit society, like self-driving cars, product recommendations or rapid medical diagnostics.

Now the company has raised $93 million in a new round of venture funding from SoftBank to develop and popularize this technology, Xing told CNBC.

Read More on CNBC