Skymind Global Ventures launches $800m investment fund

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Skymind Global Ventures, the world’s first dedicated AI ecosystem builder, has announced the opening of its London office to focus on training and investment in new AI technologies and international growth opportunities.
The firm has also launched an $800 million fund to back promising new AI companies and academic research across the UK and globally.
SGV helps companies and organisations to launch their AI applications and bring their business cases to life by providing them supported access to Eclipse Deeplearning4j and other open source tools.
As international demand for scalable AI solutions and support grows steadily, SGV will use its London base to back research and development, and generate business opportunities across Europe and Asia – one of the world’s biggest and most lucrative markets.
SGV is led by founder and CEO Shawn Tan. Skymind and Eclipse Deeplearning4j cofounder, Adam Gibson, has joined SGV as Vice President, to run its software division, Konduit, which delivers and supports Eclipse Deeplearning4j to clients, as well as offers training development.
“Having our operations in the UK capital is a strategic move for us,” said Shawn Tan, CEO of SGV.
“London has all the key factors to help us grow our business, such as access to diverse talent and investment, favourable regulation, and a strong and well established technology hub.  The city is also the AI growth capital of Europe with the added competitive advantage of boasting a global friendly time zone that overlaps with business hours in Asia, Europe and the rest of the world.”
The firm plans to train up to 200 AI professionals for its operations in London and Europe.