Google has announced the launch of Gradient Ventures, a new venture fund from Google with technical mentorship for early-stage startups focused on artificial intelligence. Through Gradient, Google will provide portfolio companies with capital, resources, and dedicated access to experts and bootcamps in AI. We’ll take a minority stake in the startups in which we invest.
Google stated: “Many members of our team are engineers, so we’re familiar with the journey from big idea to product launch. The goal is to help our portfolio companies overcome engineering challenges to create products that will apply artificial intelligence to today’s challenges and those we’ll face in the future.
“Our portfolio is already growing, and our first companies are making progress, including Algorithmia, a marketplace for algorithms and functions, and Cogniac, a suite of tools used to create and manage visual models.”
The company strongly believes that through AI, yesterday’s science fiction is becoming today’s nonfiction.
“There’s everything to reimagine as we usher in this new era of technology—and we’re excited to work with entrepreneurs to start building it,” it said.
Microsoft on the other hand is planning to announce the creation of Microsoft Research AI, a dedicated unit within its global Microsoft Research division that will focus exclusively on how to make the company’s software smarter, now and in the future.