Google launches new initiative to back startups building AI

On Monday, Google announced the motorboat of its AI Futures Fund, a caller inaugural that seeks to put successful startups that are gathering with the latest AI tools from Google DeepMind, the company’s AI R&D lab. 

The money volition backmost startups from effect to precocious signifier and volition connection varying degrees of support, including allowing founders to person aboriginal entree to Google AI models from DeepMind, the quality to enactment with Google experts from DeepMind and Google Labs, and Google Cloud credits. Some startups volition besides person the accidental to person nonstop concern from Google. 

AI Futures Fund already has immoderate lawsuit studies. Startups specified arsenic the meme-making level Viggle and the webtoon app Toonsutra participated successful the program. 

Startups tin apply here starting May 12. 

Google has been making large commitments implicit the past fewer months to enactment the adjacent procreation of AI endowment and technological breakthroughs.

Last November, Google.org, the company’s charitable wing, announced a $20 million currency committedness to researchers and scientists moving successful AI. Before that, successful September, Google CEO Sundar Pichai announced the institution was creating a $120 cardinal Global AI Opportunity fund to assistance bring AI acquisition and grooming to much places crossed the world. Google.org also launched a $20 million generative AI accelerator programme to chopped checks to nonprofits processing AI tech.

Google besides has its Google for Startups Founders Funds, which supports founders from an array of industries and backgrounds gathering companies, including AI companies. A spokesperson told TechCrunch successful February that this year, the money would commencement investing successful AI-focused startups successful the U.S., with much accusation to travel astatine a aboriginal date.