On Monday, Google unveiled the launch of its AI Futures Fund, a new initiative designed to identify, invest in, and support startups using cutting-edge artificial intelligence tools developed by Google DeepMind. This venture will target firms at all stages, from seed-level startups to mature companies, providing tailored assistance depending on specific needs and growth stages.
As part of this program, selected startups will receive early access to sophisticated AI models developed by Google DeepMind, direct collaboration opportunities with leading experts from both DeepMind and Google Labs, and substantial credits for Google Cloud services. In certain cases, participants may also become eligible for direct financial investment from Google itself.
Unlike traditional accelerator structures that follow predetermined batch or cohort models, the AI Futures Fund will continuously accept and evaluate potential investments without designated application windows or deadlines. According to Google, there is no fixed limit on fund size, and investment amounts will vary according to the maturity, specific requirements, and potential of each startup.
Early participants already benefiting from the initiative include companies like Viggle, an AI-driven meme creation platform, and Toonsutra, a webtoon-focused digital application.
Interested startups can begin applying to join the initiative starting May 12.
The AI Futures Fund underscores Google’s consistent dedication over the past months towards nurturing innovative artificial intelligence capabilities and fostering new talent within the field. In November, the company’s philanthropic division, Google.org, pledged $20 million to back AI research projects targeting noteworthy scientific advancements. Earlier, in September, it unveiled a $120 million Global AI Opportunity Fund aimed at widening worldwide access to AI education and training. Past initiatives have included another $20 million from Google.org dedicated specifically to assisting nonprofits developing generative AI technologies.
Additionally, Google maintains its Google for Startups Founders Funds program, which invests across diverse industries and founder backgrounds. According to an earlier announcement, that program will specifically include AI-focused startup investments in the U.S., with more details forthcoming.
