On Monday, Google announced the launch of AI Futures Fund, a new initiative that goals to speculate in startups that build the latest AI tools from Google Deepmind, AI R&D laboratory.
The fund backs back -up from seeds to the late stage and will offer various levels of support, including enabling the founders of early access to AI Google from Deepmind, the opportunity to work with Google experts from Deepmind and Google Labs and Google Cloud Cloud Credits. Some startups may even give you the option to receive direct investments from Google.
“Futures AI fund does not follow the party or cohorts model,” said Google TechCrunch spokesman. “Instead, we are considering possibilities based on a continuous-it has no set application window or a deadline. When we come across firms that are in line with the thesis of the fund, we are able to resolve to speculate. We do not announce a specific size of the fund at this time, and the size of the control differ depending on the stage and needs of the company-at the starting in the middle stage, with elasticity for possibilities.
Ai Futures Fund already has some cases of cases. The program was attended by startups reminiscent of the Memo Viggle platform and the Webtoon Toonsutra application.
Startups can Submit an application here From May 12.
Google has made large commitments over the past few months to support the next generation of AI talents and scientific breakthroughs.
In November last yr Google.orgThe company’s charity wing announced a money commitment of $ 20 million for scientists and scientists working in artificial intelligence. Earlier, in September, the General Director of Google, Sundar Pichai, announced that the company is creating the Global Opporturnity AI fund in the amount of $ 120 million to assist introduce AI education and training to more places around the world. Google.org has also launched the AI generative program price $ 20 million to cut back the checks for non -ai tech development organizations.
Google also has Google Funds for Startups, which supports the founders from a variety of firms building industries and backgrounds, including AI. The spokesman told Techcrunch in February that this yr the fund will start investing in startups focused on artificial intelligence in the USA, with additional information at a later date.