Summary:
Google launches AI Futures Fund to invest in startups using DeepMind's AI tools
Fund offers early access to AI models, expert collaboration, and Cloud credits
Investments are made on a rolling basis, with no fixed deadlines
Early participants include Viggle and Toonsutra
Part of Google's larger $160 million commitment to AI development and education
Google Unveils AI Futures Fund to Empower Startups
Google has launched the AI Futures Fund, a groundbreaking initiative aimed at investing in startups that utilize the latest AI tools from Google DeepMind, the company's premier AI research and development lab. This fund is designed to support startups across various stages, from seed to late-stage, offering a comprehensive package of benefits including early access to Google AI models, collaboration with Google experts, and Google Cloud credits. Selected startups may also receive direct investment from Google.
Image Credits: Matthias Balk/picture alliance / Getty Images
Flexible Investment Approach
Unlike traditional funding models, the AI Futures Fund does not operate on a batch or cohort basis. Instead, Google evaluates opportunities on a rolling basis, ensuring that there are no fixed application windows or deadlines. This flexibility allows Google to invest in companies that align with the fund's vision at any time, with investment sizes tailored to the startup's stage and specific needs.
Early Success Stories
Startups like Viggle, a meme-making platform, and Toonsutra, a webtoon app, have already benefited from the program, showcasing the fund's potential to foster innovation in the AI space.
How to Apply
Interested startups can apply here starting May 12, 2025. This initiative is part of Google's broader commitment to advancing AI technology and supporting the next generation of AI talent.
Google's Broader AI Commitments
Google has been actively investing in AI development and education. Recent initiatives include a $20 million commitment from Google.org to support AI researchers, a $120 million Global AI Opportunity Fund for AI education, and a $20 million generative AI accelerator program for nonprofits. Additionally, Google's Startups Founders Funds continues to support diverse founders, including those focusing on AI.
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