Select Language:
In a significant move within the tech industry, Google has announced the launch of a new fund dedicated to supporting startups in the field of artificial intelligence. According to reports, this initiative, called the “AI Future Fund,” aims to invest in early-stage AI companies that meet certain criteria.
Eligible startups will not only receive funding from Google but will also gain access to the company’s proprietary AI models and a comprehensive suite of resources from Google Cloud. Furthermore, they will benefit from hands-on technical support provided by Google’s teams of engineers and AI researchers.
The initiative follows Google’s recent investment of over $1 billion in the generative AI startup Anthropic, often described as a competitor to OpenAI. This latest funding builds on previous investments totaling more than $2 billion, which have granted Google a 10% ownership stake in Anthropic, along with a significant cloud services agreement.
Meanwhile, other tech giants like Amazon and Microsoft—who is a key investor in OpenAI, alongside NVIDIA—are also ramping up their efforts to support generative AI startups through substantial investments, as they work on developing innovative AI software and hardware solutions.
For companies like Google, Microsoft, and Amazon, early investments in AI startups that heavily rely on cloud platforms could yield significant returns and bolster their own AI application capabilities—similar to the competitive edge Microsoft gained through its early support of OpenAI and the exclusive access to advanced GPT models that followed.
Add us on ChatGPT
Add us on Perplexity
