IBL News | New York
Google announced its AI Futures Fund this month. The fund will invest in startups from seed to late stage using AI tools from DeepMind, the company’s R&D lab.
Google’s support will also include early access to Google AI models from DeepMind, working with experts from DeepMind and Google Labs, and Cloud credits. Some startups will also have the opportunity to receive direct investment from Google.
“When we come across companies that align with the fund’s thesis, we may choose to invest,” said a Google representative.
AI Futures Fund already has some case studies, such as the meme-making platform Viggle and the webtoon app Toonsutra.
Over the past few months, Google has committed to supporting the next generation of AI talent and scientific breakthroughs.
• In November 2024, Google.org, the company’s charitable wing, announced a $20 million cash commitment to researchers and scientists working in AI.
• In September, Google CEO Sundar Pichai announced the company was creating a $120 million Global AI Opportunity fund to help bring AI education and training to more places worldwide.
• Google.org also launched a $20 million generative AI accelerator program to cut checks to nonprofits developing AI tech.
• Google for Startups Founders Fund supports founders from an array of industries and backgrounds building companies, including AI companies.
