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Samsung launches AI startup fund

Thursday 14 June 2018 | 11:42 CET | News

Samsung has announced the launch of a new venture fund aimed at developing early stage startups in artificial intelligence technologies. The Samsung NEXT Q Fund will provide seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems, said the Korean firm.

It added that the fund represents a departure from how traditional venture capital approaches investments in AI. “With Q Fund, Samsung NEXT Ventures will have the flexibility to invest in non-obvious, forward-thinking approaches to AI instead of the applied AI technologies we see in the market today,” said the company.

Possible areas of funding could include learning in simulation, scene understanding, intuitive physics, program learning programs, robot control, human computer interaction and meta learning. Q Fund has already invested in a number of startups, including Covariant.AI, a firm that draws on advances in imitation learning and deep reinforcement learning to teach robots new, complex skills. 


 



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Categories: Internet
Companies: Samsung
Countries: World
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