Google Launches New Initiative To Back Startups Building AI

Google has launched the AI Futures Fund, a new initiative to invest in AI startups that are building with the latest tools from Google DeepMind. TechCrunch reports: The fund will back startups from seed to late stage and will offer varying degrees of support, including allowing founders to have early access to Google AI models from DeepMind, the ability to work with Google experts from DeepMind and Google Labs, and Google Cloud credits. Some startups will also have the opportunity to receive direct investment from Google.

'The AI Futures Fund doesn't follow a batch or cohort model,' a Google spokesperson told TechCrunch. 'Instead, we consider opportunities on a rolling basis -- there's no fixed application window or deadline. When we come across companies that align with the fund's thesis, we may choose to invest. We're not announcing a specific fund size at this time, and check sizes vary based on the company's stage and needs -- typically early to mid-stage, with flexibility for later-stage opportunities as well.' Startups can apply here.

Read more of this story at Slashdot.