Google launches AI capital project Gradient Ventures to help start-ups

By Callum Rivett
Alphabet has launched a new project in an attempt to fund promising artificial intelligence start-ups and subsequently improve their own portfolio. Gra...

Alphabet has launched a new project in an attempt to fund promising artificial intelligence start-ups and subsequently improve their own portfolio.

Gradient Ventures will make investments and already has a few companies under its wing, with Algorithmia one of the first to announce that they have received investment.

Existing as part of Google, Gradient will invest in up to 15 new start-ups every year with between $1m and $8m in funding being granted to each firm, according to Anna Patterson, founder and managing director of the new project.

"We know there are many ideas for artificial intelligence out there that haven’t even been imagined yet," said Patterson in a blog post.

RELATED STORIES

"Yesterday's science fiction is becoming today's nonfiction thanks to AI. Everything is there to be reimagined as we usher in this new era of technology - and we're excited to work with entrepreneurs to start building it." 

Currently, Google already boasts its own AI unit, with Google.ai focussing on making everyday tasks easier thanks to artificial intelligence.

Recent success includes the AlphaGo computer beating the world's best Go player, with the AI system winning a three-match series of the notoriously difficult ancient Chinese game. 

Share

Featured Articles

NTT DATA: CEO Abhijit Dubey to Lead New Phase of Growth

NTT DATA's appointment of Abhijit Dubey as its first non-Japanese CEO heralds a new era of technological innovation for the Japanese IT giant

EY: The Call for Responsible Innovation in Quantum Computing

EY and Oxford University study highlights the critical balance between innovation and responsibility as quantum computing approaches commercial reality

Rimini Street: The Need for IT Leaders to Deliver ROI

As IT costs soar and budgets tighten, CFOs & CIOs are forging closer partnerships to ensure technology investments deliver value and drive business growth

Amazon in Europe: Committing to German Cloud & AI Expansion

Cloud Computing

Gen AI Boom Drives Nvidia Value to Overtake Microsoft

Digital Transformation

IBM & Wimbledon: AI Is Changing the Game for Sports

AI & Machine Learning