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Sundar Pichai, C.E.O. of Google and Alphabet, speaks throughout the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City.
Michael M. Santiago | Getty Images
Google will start a brand new fund geared toward making an investment in artificial intelligence startups, the corporate introduced Monday.
Through a fund it calls the “AI Futures Fund,” eligible startups gets Google funding, early get entry to to AI fashions, and hands-on fortify from Google researchers, engineers and go-to-market experts, the corporate mentioned in a weblog publish on Monday. They may also get credit to make use of on Google Cloud.
“Select startups get the opportunity to seek direct investment from Google to fuel growth and scale AI development,” the weblog publish states.
The fund comes as the corporate tries to get extra publicity to the most recent AI firms and developments. It additionally comes as sizzling AI startups search trade investment because the IPO marketplace stays most commonly dry amid financial woes.
Amazon and Microsoft, OpenAI’s fundamental investor, are backing generative AI startups with hefty investments in addition to creating their very own applied sciences.
Earlier this yr, Google invested greater than $1 billion in generative AI startup Anthropic, which builds on Google’s previous investments of $2 billion in Anthropic and 10% possession stake within the startup, in addition to a big cloud contract between the 2 firms.
The fund will fortify founders with Gemini fashions, in keeping with the applying web page.
“We work closely with ambitious startups across all stages to quickly enable groundbreaking 0-to-1 products and features, providing early access to Google’s advanced AI models, expertise, and potential funding to bring audacious AI ideas to life,” the fund’s challenge reads.
