Google introduced a brand new initiative, AI Futures Fund, to help startups utilizing its superior AI instruments. The fund will spend money on early and late-stage startups constructed with expertise from Google DeepMind, the corporate’s AI analysis division.
Startups chosen within the fund will obtain early entry to Google DeepMind’s AI fashions, together with Gemini for language, Imagen for picture technology, and Veo for video creation.
They are going to collaborate immediately with Google consultants throughout analysis, engineering, product, and go-to-market groups. The programme additionally offers Google Cloud credit and technical help, together with the potential for fairness funding from Google.
In keeping with Google, present members embrace Toonsutra, which is utilizing Gemini to translate digital comics throughout Indian languages; Viggle, which is creating AI-generated memes and movies utilizing Gemini, Imagen, and Veo; and Rooms, which is constructing interactive 3D content material with Gemini.
Whereas there’s no set software deadline, the fund is open to startups in areas the place Gemini is accessible.
Alternatively, Google has launched a three-month, equity-free accelerator program for startups in India, supported by MeitY Startup Hub. This system helps startups scale utilizing Google’s merchandise and experience. Open to Seed to Collection A funded startups, it provides mentoring, as much as $350,000 in Google Cloud credit, and entry to technical sources.
Startups will deal with technical challenges, with help in areas like product design, buyer acquisition, and management improvement. This system consists of each distant and in-person studying, plus unique Google bootcamps and instruments.
Eligible startups will need to have scalable merchandise, ideally leveraging AI or machine studying, and commit their CEO or CTO to take part. Purposes could be accessed right here.
Final yr, Google dedicated $20 million by Google.org to help AI researchers and launched a $120 million International AI Alternative fund to develop AI schooling. It additionally launched a $20 million accelerator for nonprofits working with generative AI. Google’s help for startups continues by its Google for Startups Founders Fund.
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