Science & Technology

Microsoft Makes Strategic Investment Into Builder.ai

Builder.ai joined a group of companies that need their own native applications by signing a strategic cooperation agreement with Microsoft.

Microsoft Makes Strategic Investment Into Builder.ai

Source: Pixabay.com

As part of the implementation of partnership relations, the technology giant will direct investments in the startup’s equity. There is no information about the amount of funding. The media, citing their own sources who are aware of some details of the partnership, report that in this case large investments were provided, but there is no data on specific figures.

As part of the implementation of the cooperation strategy, the technology giant and the startup will develop solutions for artificial intelligence. AI Builder Natasha will be available to Teams users. This model of artificial intelligence can be used to create applications and software.

Microsoft reports that the monthly number of active users of Teams is more than 280 million people.

General Director Builder.ai Sachin Dev Duggal says that after the first meeting with representatives of the technology giant and until the agreement on strategic cooperation in the field of artificial intelligence, he realized that the computer technology corporation strives to provide everyone with the opportunity to unlock their true potential.

Also, as part of the cooperation, integration with the Azure OpenAI service and other Azure cognitive services will be provided with Builder.ai, including the software assembly pipeline and its implementation. The realization of the partnership program will affect Microsoft developer platforms.

John Tinter, corporate vice president of Business Development at Microsoft, said that interaction with Builder.ai Based on Azure AI, will allow you to create a new category of activity within which everyone can become a developer. He also noted that the strategic partnership between the technology giant and the startup will bring combined power to enterprises around the world.

Builder.ai was founded in 2017. The company is headquartered in London. The firm belongs to the category of startups that create platforms without code and with a low level of code.

As we have reported earlier, Microsoft Develops AI Chip.

 

 

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.