Google launched the AI Futures Fund, a new program to invest in AI startups. The fund supports startups from seed to late stages with resources and expert collaboration.
Startups gain early access to Google DeepMind AI models and receive Google Cloud credits. Some companies may get direct financial investments from Google as part of the program.
Details of the AI Futures Fund
The AI Futures Fund targets startups developing products using Google DeepMind’s advanced AI.
Early program participants include Viggle, a meme-making platform, and Toonsutra, a webtoon app.
Startups can apply starting May 12 at the official application page.
Participation offers collaboration with experts from DeepMind and Google Labs for product development.
Significance of Google’s Initiative
Google aims to accelerate AI solutions by providing critical resources and technical expertise. This effort highlights Google’s commitment to fostering innovation in the AI sector globally.
Supporting startups helps Google shape the future landscape of artificial intelligence applications.
Background and Related Efforts
The AI Futures Fund follows $20 million committed by Google.org for AI researchers in November 2024.
Earlier, CEO Sundar Pichai announced a $120 million Global AI Opportunity fund in September 2024 for AI education worldwide.
Additionally, Google launched a $20 million generative AI accelerator program supporting nonprofits developing AI technologies.
Google’s Recent AI Investments
- Investment in startups ranges from seed to late stages with tailored support.
- Access to Google Cloud credits and AI experts benefits participating startups.
- Direct financial investments are possible for select companies.
- Notable partnerships include Viggle and Toonsutra as program case studies.
Google continues strengthening its AI leadership by integrating its R&D with startup innovation.
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