(Bloomberg) -- Microsoft Corp.'s venture arm started an artificial intelligence-focused fund, kicking it off with an investment in a startup by a luminary in the field.

Element AI, a Montreal-based research lab started by Yoshua Bengio and others, will get an undisclosed amount from Microsoft Ventures, Redmond, Washington-based Microsoft said in a statement Monday. The size of the fund, which will back AI companies, wasn't disclosed.

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