News from the AI & ML world
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S.Dyema Zandria@The Tech Basic
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Google has launched the AI Futures Fund, a new initiative designed to support the next wave of AI startups. This fund will invest in companies leveraging Google DeepMind's AI tools, providing them with financial backing and early access to Google's most advanced AI technology. The program aims to foster innovation by giving startups a competitive edge in the rapidly evolving AI landscape.
The AI Futures Fund offers multiple layers of support, including early access to Google's newest AI models from DeepMind, allowing startups to create videos, translate languages, and design images faster. Participating startups will also benefit from direct collaboration with Google experts from DeepMind and Google Labs, who will provide guidance on product improvement. Additionally, startups will receive Google Cloud credits to help cut down on computing costs and allow them to run their AI projects without high expenses. Some startups may also receive direct cash investments from Google to grow their business.
Google’s strategic move aims to build a strong ecosystem around its AI models. By supporting startups that use its technology, Google intends to establish its AI models as industry standards. Two startups have already benefited from the fund such as Toonsutra, a comic app from India, translates stories into 22 languages using Google’s tools, and Viggle, a meme-making app, uses Google’s AI to turn photos into funny videos. Furthermore, Google announced a three-month accelerator program for AI-focused startups in India. This dual initiative underscores Google’s commitment to fostering AI innovation and expanding its AI ecosystem, both globally and in key markets like India.
ImgSrc: thetechbasic.co
References :
The AI Futures Fund offers multiple layers of support, including early access to Google's newest AI models from DeepMind, allowing startups to create videos, translate languages, and design images faster. Participating startups will also benefit from direct collaboration with Google experts from DeepMind and Google Labs, who will provide guidance on product improvement. Additionally, startups will receive Google Cloud credits to help cut down on computing costs and allow them to run their AI projects without high expenses. Some startups may also receive direct cash investments from Google to grow their business.
Google’s strategic move aims to build a strong ecosystem around its AI models. By supporting startups that use its technology, Google intends to establish its AI models as industry standards. Two startups have already benefited from the fund such as Toonsutra, a comic app from India, translates stories into 22 languages using Google’s tools, and Viggle, a meme-making app, uses Google’s AI to turn photos into funny videos. Furthermore, Google announced a three-month accelerator program for AI-focused startups in India. This dual initiative underscores Google’s commitment to fostering AI innovation and expanding its AI ecosystem, both globally and in key markets like India.
ImgSrc: thetechbasic.co
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References :
- Analytics India Magazine: Google Launches AI Futures Fund to Support Next Wave of AI Startups
- SiliconANGLE: Google’s new AI Futures Fund turns on the tap for startup founders
- The Tech Basic: Google’s New Fund Helps Startups Create Amazing AI Tools
- Maginative: Google Launches AI Futures Fund to Back Startups Using DeepMind Technology
- Dataconomy: Google now scouting for AI innovators with its rolling AI Futures Fund