Montreal-based Element AI had a high-profile founding team including Yoshua Bengio, one of the leaders in the field of deep learning, had raised more than $250 million, and had hired a 500-person team consisting of many top AI experts. It took a research-heavy approach to AI development, with dozens of patents to its name, and tried to develop AI-based products for a wide variety of applications, including a cybersecurity offering for financial institutions, a logistics offering, a document management system, and a visual inspection system.
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