Google has announced the launch of AI Future Fund, a new initiative to invest in a new company that builds the latest AI tool for the company’s AI R & D Lab, on Monday.
The fund will support startups from seeds to late stages, and provides a variety of levels of support, including the functions that the founder can cooperate with the Google AI model of the Deepmind, the ability to cooperate with the Google professional of the DEEPMIND and Google Labs, and the work ability with Google Cloud Credits. Will. Some startups will also have the opportunity to get directly investments from Google.
Google spokesman said to TechCrunch, “AI Future Fund does not follow a batch or cohort model.” Instead, we consider the opportunity without a fixed application window or a deadline. If you meet a company that matches the fund’s paper, you can choose to invest. Currently, specific funds are not announced, and the size of the check depends on the company’s stages and demands.
AI Future Fund already has some cases of case studies. New companies such as MEME-MAKING Platform Viggle and Webtoon Apps TOONSUTRA have participated in this program.
New companies can apply here from May 12th.
Google has made great promises to support next -generation AI talent and scientific breakthrough for the past few months.
In November, Google.org, the company’s charity wing, announced a $ 20 million cash promise to researchers and scientists working at AI. Previously, in September, Google CEO Sunar Pichai announced that the company will create a $ 120 million global AI opportunity fund that will help the company to bring AI education and education to more places around the world. Google.org also started a $ 20 million AI accelerator program to reduce checks for non -profit organizations that develop AI technology.
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Google also owns Google for Startups Founders Funds and supports founders of various industrial and background construction companies, including AI companies. One spokesman told TechCrunch in February that this year’s funds began to invest in US -based AI -centered new companies and later provided more information.