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On Monday , Google announced the launch of its AI Futures Fund , a new enterprisingness that seeks to invest in startups that are building with the recent AI tools from Google DeepMind , the company ’s AI R&D lab .
The store will back startup from cum to late stagecoach and will offer varying degrees of support , admit allowing founders to have early access to Google AI model from DeepMind , the power to exploit with Google experts from DeepMind and Google Labs , and Google Cloud credits . Some startup will also have the opportunity to receive lineal investment from Google .
“ The AI Futures Fund does n’t come after a good deal or age bracket model , ” a Google spokesperson told TechCrunch . “ Instead , we consider chance on a rolled basis — there ’s no set lotion window or deadline . When we come across companies that coordinate with the investment firm ’s dissertation , we may choose to invest . We ’re not announcing a specific stock size of it at this time , and check size diverge based on the caller ’s stage and demand — typically early to mid - stage , with flexibility for later - stage opportunities as well . ”
AI Futures Fund already has some case studies . inauguration such as the meme - making weapons platform Viggle and the webtoon app Toonsutra take part in the computer programme .
Startups canapply herestarting May 12 .
Google has been get big commitments over the retiring few month to support the next generation of AI talent and scientific breakthroughs .
Last November , Google.org , the company ’s good-hearted annexe , announced a $ 20 millioncash commitment to researchers and scientist act in AI . Before that , in September , Google CEO Sundar Pichai harbinger the company was creatinga $ 120 million Global AI Opportunityfund to help bring AI education and training to more places around the world . Google.orgalso launched a $ 20 milliongenerative AI atom smasher program to cut checks to nonprofit train AI tech .
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Google also has its Google for Startups Founders Funds , which hold founders from an array of industry and backgrounds building companies , including AI companies . A spokesperson say TechCrunch in February that this twelvemonth , the investment company would begin empower in AI - focused startups in the U.S. , with more information to descend at a late appointment .
