AGI Innovations Inc Secures $4 Million in Funding

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AGI Innovations (AGi3) has secured $4 million in funding to support research in long-term AGI development. AGi3 was formed in early 2014 to continue research spearheaded by Adaptive A.I. Inc (a2i2), to develop a next-generation AGI engine prototype.

AGI Innovations Inc, (http://www.AGi-3.com ) an R&D company focused on advancing Artificial General Intelligence (AGI) has secured $4 million in funding to support research on long-term AGI development.

AGI is the AI discipline concerned with developing systems with human-like cognitive abilities such as general learning, reasoning, and problem solving. AGI Innovations Inc, also known as AGi3, was formed early in 2014 to continue research originally spearheaded by Adaptive A.I. Inc (a2i2), an AGI R&D company formed in 2001. On completing its first generation AGI engine in 2008, a2i2 launched SmartAction Company to commercialize its technology by providing automated support calls utilizing intelligent, natural language conversation (http://www.smartaction.com/resources/audio-samples ).

Peter Voss, founder of these companies, explains that while commercialization helped to validate the AGI approach taken by the company, it also totally shifted focus away from general AI to providing specific solutions to its customers. "Our AGI research was essentially halted. Fortunately, we now have a new dedicated and funded company focused entirely on long-term AGI development” Voss said. “Over the past year we have assembled a strong 10-person team of programmers and 'AI Psychologists', and are now in full swing. We are, however, still seeking additional key personnel.”

AGi3 is currently engaged in a 30-months cognitive architecture project to consolidate and extend its various prior research results into a next-generation AGI engine prototype. This development aims to advance state-of-the-art deep natural language understanding (NLU) integrated with perceptual grounding, and exploration of meta-cognitive processes. While AGi3 has a pure R&D focus, it expects aspects of its new technology to be commercialized separately in the coming years.

AGI Innovations is based in Los Angeles. Contact: info(at)AGi-3(dot)com

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SmartAction
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