Home / Technology and Science / Samsung launches new fund for early-stage AI investments – TechCrunch

Samsung launches new fund for early-stage AI investments – TechCrunch

Samsung is diving deeper into synthetic intelligence after it announced a new fund fascinated by AI applied sciences and startups.

The Korean company’s ‘Samsung NEXT Q Fund’ is concentrated at seed and Series A offers for startups which are “solving AI problems, as well as those using AI to solve computer science problems.” In explicit, the announcement revealing the new fund discussed spaces that come with finding out in simulation, scene working out, downside finding out techniques and human pc interplay.

The fund itself doesn’t have a devoted kitty, it instead invests from Samsung’s $150 million U.S. Next Fund, which used to be introduced closing yr and is fascinated by early-stage corporations in rising tech verticals.

The Q fund has already lower tests, regardless that. To date it has subsidized numerous corporations, considered one of which is Covariant.AI — a startup that teaches abilities to robots.

“For the past ten years, we’ve watched software eat the world. Now, it’s AI’s turn to eat software. We’re launching Q Fund to support the next generation of AI startups who look to scratch beyond the surface of what we know today,” mentioned Samsung NEXT Ventures’ Vincent Tang in a observation.

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