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

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

%d bloggers like this: