Yahoo CEO Marissa Mayer sets up an Artificial Intelligence Startup

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Yahoo CEO Marissa Mayer who is no longer working for the said web services provider now is said to have started an Artificial Intelligence (AI) startup along with a long time friend Enrique Munoz Torres.

The startup company which is known as ‘Lumilabs’ is now incubating in Mayer’s old Google office located in California’s Palo Alto.

As Mayer has an extreme fascination for snow, she has named the company as ‘Lumi’ which in Finland language means snow.

Readers of Cybersecurity Insiders have to notify a fact over here that Mayer walked away with $260 million as soon as Yahoo was sold to Verizon Communications for $4.48 billion despite cyber attack where sensitive info of more than 1 billion Yahoo users was leaked to the dark web.

Perhaps the former Google Executive is planning to utilize a portion of the acquired sum to build up the AI and consumer media startup from ground level.

Reports suggest that Marissa Mayer has already started meeting founders of different technology-based companies to get a taste of the current trends and is said to visit Israel soon which is now touted as a ‘tech hub’.

Lumi Labs website says that it is interested in hiring developers who could prototype end to end applications.

Note 1 – Enrique Munoz Torres is a Computer Science and Engineering degree holder from MIT. He worked as a Vice President for Yahoo’s Search and Advertising department and has an experience of working as a product manager at Google.

Note 2- Ms. Mayer worked for Google for 13 years and then moved to Yahoo in 2012 dedicating her 5 years of career to the worlds 2nd web search giant.

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Naveen Goud is a writer at Cyber Security Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security