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Sundar Pichai, CEO of Google and Alphabet, performs during the annual Dealbook New York Times summit in Jazz in Lincoln -Center on December 04, 2024 in New York.
Michael M. Santiago | Gets the image
Google will start a new fund aimed at investing in Artificial intelligence Startups, the company announced on Monday.
Through the fund he calls’FUTURES AI FUTURES“Suitable startups will get Google Investing, early access to AI models and practical advocate The company from Google researchers, engineers and market specialists, the company reports on Monday’s blog. They will also receive loans for use on Google Cloud.
“Choose startups are able to look for direct investment from Google for fuel growth and scale AI development,” the blog said.
The fund comes when the company tries to get a large exposure to the latest AI and trends. It also comes like hot AI startup startups that are looking for alternative funding because the IPO market remains mainly dry amid economic troubles.
Amazon and MicrosoftChief Investor Openai, support AI generative startups hefty investment as well as developing your own technology.
Early this year Google invest More than $ 1 billion in generative launch AI AnthropCreating Google’s past $ 2 billion in anthropic and 10% ownership in the startup, as well as a large cloud contract between two companies.
The fund will support the founders with Gemini models, according to the application page.
“We cooperate closely with ambitious startups at all stages to quickly provide innovative products and features from 0 to 1, providing early access to advanced AI Google models, experience and potential financing to revive the AI AI ideas,” the Fund’s mission said.
