Google Announced an Initiative to Invest in AI Startups

Google has announced its AI Futures Fund, which will invest in startups from seed to late stage using AI tools from DeepMind.
The fund will provide support including early access to Google AI models, working with experts from DeepMind and Google Labs, and Cloud credits.
Some startups may also receive direct investment from Google, as stated by a Google representative who said “When we come across companies that align with the fund’s thesis, we may choose to invest.”
This initiative is part of Google’s broader commitment to supporting AI talent and scientific breakthroughs, including a $20 million cash commitment to researchers and scientists in November 2024.
Google has also launched other initiatives, such as the Global AI Opportunity fund and a generative AI accelerator program, to promote AI education and training worldwide.

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.

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Q. What is Google’s AI Futures Fund?

A. Google’s AI Futures Fund is an initiative that will invest in startups from seed to late stage using AI tools from DeepMind, the company’s R&D lab.

Q. What support will Google provide to its funded startups?

A. Google’s support for its funded startups will include early access to Google AI models from DeepMind, working with experts from DeepMind and Google Labs, and Cloud credits.

Q. Will some startups receive direct investment from Google?

A. Yes, some startups that align with the fund’s thesis may have the opportunity to receive direct investment from Google.

Q. What is the purpose of Google’s Global AI Opportunity fund?

A. The Global AI Opportunity fund aims to help bring AI education and training to more places worldwide.

Q. How much money has Google.org committed to researchers and scientists working in AI?

A. In November 2024, Google.org announced a $20 million cash commitment to researchers and scientists working in AI.

Q. What is the purpose of Google’s generative AI accelerator program?

A. The generative AI accelerator program aims to cut checks to nonprofits developing AI tech.

Q. Who supports founders from an array of industries and backgrounds building companies, including AI companies?

A. Google for Startups Founders Fund supports founders from an array of industries and backgrounds building companies, including AI companies.

Q. What is the name of the company’s charitable wing that announced a $20 million cash commitment to researchers and scientists working in AI?

A. The company’s charitable wing is called Google.org.

Q. How much money did Google commit to its Global AI Opportunity fund?

A. Google committed $120 million to its Global AI Opportunity fund.

Q. What is the name of the meme-making platform that was featured as a case study for Google’s AI Futures Fund?

A. The meme-making platform mentioned in the article is called Viggle.