On Monday, Google introduced the launch of its AI Futures Fund, a brand new initiative that seeks to spend money on startups which are constructing with the newest AI instruments from Google DeepMind, the corporate’s AI R&D lab.
The fund will again startups from seed to late stage and can supply various levels of help, together with permitting founders to have early entry to Google AI fashions from DeepMind, the flexibility to work with Google consultants from DeepMind and Google Labs, and Google Cloud credit. Some startups may even have the chance to obtain direct funding from Google.
AI Futures Fund already has some case research. Startups such because the meme-making platform Viggle and the webtoon app Toonsutra participated in this system.
Startups can apply right here beginning Might 12.
Google has been making large commitments over the previous few months to help the subsequent era of AI expertise and scientific breakthroughs.
Final November, Google.org, the corporate’s charitable wing, introduced a $20 million money dedication to researchers and scientists working in AI. Earlier than that, in September, Google CEO Sundar Pichai introduced the corporate was creating a $120 million World AI Alternative fund to assist deliver AI training and coaching to extra locations internationally. Google.org additionally launched a $20 million generative AI accelerator program to chop checks to nonprofits growing AI tech.
Google additionally has its Google for Startups Founders Funds, which helps founders from an array of industries and backgrounds constructing firms, together with AI firms. A spokesperson instructed TechCrunch in February that this yr, the fund would begin investing in AI-focused startups within the U.S., with extra data to come back at a later date.
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