SoftBank leads $93m round in AI software startup Petuum

SoftBank leads $93m round in AI software startup Petuum

Humanoid robot Pepper stands inside a SoftBank Group Corp. store in Tokyo, Japan, on Tuesday, July 26, 2016. Photographer: Yuya Shino/Bloomberg

SoftBank Group Corp. led a $93 million investment in a startup that simplifies the process for companies to use machine learning or deep learning applications at scale.

Petuum Inc., based in Pittsburgh, makes artificial intelligence software that can be used by a variety of industries. For instance, Petuum’s health-care software system uses electronic medical records to provide potential disease diagnosis and treatment recommendations. The startup also makes an operating system that allows customers to use artificial intelligence applications on hardware, including data centers.

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