Google launches new initiative to back startups building AI

On Monday, Google has announced the launch of its AI Future Fund, which is a new initiative that wants to invest in the company’s AI R&D Lab Google Dipmind’s latest AI equipment.

The fund will bring back startups from the end of the seeds and provide initial access to Google AI models from Depthmind, the ability to work with Google experts from Dipmind and Google Labs, and the ability to work with Google Cloud Credit. Some startups will have the opportunity to get direct investment from Google.

“The AI ​​Future Fund does not follow any batch or Kohort model,” a Google spokesman told TechCrunch. “Instead, we consider opportunities on the basis of rolling-no specific application window or deadline. When we come up with the thesis of the funds, we can choose to invest we we are not announcing the size of a certain fund at this time, and the size of the check varies on the level and requirements-with the next level, the next level, with the next level.”

AI Future Fund already has some case studies. Startups like the Meme-Making Platform Vigle and Webton App Tunnsutra participated in the program.

Startups cans Apply here Starting from May 12.

Google AI talent and scientific progress have been making big promises for the past few months to support the next generation.

Last November, Google.orgThe organization’s charity branch, Announced a 20 million dollars Promise of Cash Promise of Researchers and Scientists working in AI. Prior to that, in September, Google’s CEO announced beautiful Pichai that the company was making A 120 million dollar Global AI Opportunity Funds to help bring AI education and training to more places around the world. Google.org Has also launched a 20 million dollars Generator AI Accelerator Program to cut the checks in non -profit of AI Tech.

There are also Google for Startups Foundation Funds for Google, which supports the founders from an array of industries and background building companies, including AI companies. A spokesperson told TechCrunch in February that this year, the funds will start investing in AI-centric startups in the United States, with more information on the next date.