A.I. start-up Volley scored an strategic investment from JPMorgan Chase this week.
While the companies didn't disclose the amount of the investment, Volley Chief Technology Officer Carson Kahn said he plans to put the fresh capital to work immediately.
"We are still a small team in San Francisco. We would like to double in size over the next three to four quarters," he told Cheddar in an interview Thursday.
Founded in 2014, San Francisco-based Volley uses artificial intelligence to generate training materials for large companies.
JPMorgan is one of many banks, including Wells Fargo and Bank of America, trying to boost the use of artificial intelligence in everyday operationsーfrom assisting customers to helping executives make and implement decisions.
Kahn explained use of the technology will continue to expand, especially in workplaces.
"When you go to work, that's where A.I.'s going to have the greatest impact. It's less artificial intelligence and more augmented intelligence."
Volley’s investors also include Zuckerberg Education Venturesーa fund that invests on behalf of Facebook CEO Mark Zuckerbergーand Paul Walker and Don Duet, the former global co-heads of technology at Goldman Sachs.
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