Intel envisions artificial intelligence (AI) as the driver for the next big wave of computing that will transform the way businesses operate, and announced this week investments in three companies.

Intel Capital invsted in CognitiveScale, a provider of industry-specific machine intelligence software; AEye, a robotic vision pioneer; and Element AI, a Montreal-based artificial intelligence company that delivers AI solutions.

Each of these companies is involved in furthering innovations with AI - ranging from robotics and autonomous vehicles to machine intelligence software and an AI research lab.

Intel Capital has current investments in more than two dozen AI portfolio companies.