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Samsung’s startup arm launches AI-focused fund for early-stage companies 

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October 18-20, 2023 / Tucson, AZ
The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

Samsung’s making another big bet on artificial intelligence.

The company on Wednesday said its Silicon Valley-based Samsung NEXT business has launched a new fund to invest in early-stage startups “solving AI problems, as well as those using AI to solve computer science problems.”

The Q Fund doesn’t have a cap, but it falls under Samsung NEXT’s overall $150 million investment fund. The new AI fund will invest only in seed and series A investments, the earliest stages of a startup’s operations. Such investments typically are up to $1 million, though the Samsung NEXT fund managers can invest more, as well.

Source: Samsung’s startup arm launches AI-focused fund for early-stage companies – CNET

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