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

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Samsung is diving deeper into synthetic intelligence after it introduced a brand new fund centered on AI applied sciences and startups.

The Korean agency’s ‘Samsung NEXT Q Fund’ is focused at seed and Collection A offers for startups which might be “fixing AI issues, in addition to these utilizing AI to resolve laptop science issues.” Specifically, the announcement revealing the brand new fund talked about areas that embody studying in simulation, scene understanding, downside studying packages and human laptop interplay.

The fund itself doesn’t have a devoted kitty, it as an alternative invests from Samsung’s $150 million U.S. Subsequent Fund, which was introduced final 12 months and is targeted on early-stage corporations in rising tech verticals.

The Q fund has already lower checks, although. To this point it has backed a lot of corporations, one among which is Covariant.AI — a startup that teaches abilities to robots.

“For the previous ten years, we’ve watched software program eat the world. Now, it’s AI’s flip to eat software program. We’re launching Q Fund to help the following era of AI startups who look to scratch past the floor of what we all know as we speak,” stated Samsung NEXT Ventures’ Vincent Tang in a press release.



Supply hyperlink – https://techcrunch.com/2018/06/13/samsung-next-q-fund/

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