Sources: 
Google has officially launched its AI Futures Fund, a $120 million initiative designed to back startups leveraging AI technologies developed by DeepMind, Google's advanced research lab.
The fund targets startups at all stages, from seed to late stage, providing not only capital but also early access to cutting-edge AI models from DeepMind. Additionally, startups will benefit from collaboration opportunities with experts from both DeepMind and Google Labs, as well as cloud computing credits to accelerate development.
“This fund aims to empower AI innovation globally by supporting promising startups with resources and expertise,” a Google spokesperson said.
This initiative complements Google's broader AI commitments, including a $20 million cash pledge announced in November 2024 by Google.org to support AI researchers and scientists.
Google CEO Sundar Pichai stated in September, “We are creating a $120 million Global AI Opportunity fund to help bring AI education and training to more places worldwide.”The AI Futures Fund represents a strategic move by Google to foster an ecosystem of AI-driven startups, accelerating advancements and adoption of AI technologies across industries.
By combining financial investment with access to DeepMind's AI tools and expert guidance, Google aims to lower barriers for startups and catalyze innovation in the AI sector.
This fund is expected to play a significant role in shaping the future of AI development and deployment globally.
Sources: Google has launched its AI Futures Fund, committing $120 million to support startups using DeepMind's AI tools. The fund offers investments from seed to late stage, early access to AI models, expert collaboration, and cloud credits, aiming to accelerate AI innovation globally.
