Published On: Thu, Jun 14th, 2018

Samsung launches new account for early-stage AI investments

Samsung is diving deeper into synthetic comprehension after it announced a new account focused on AI technologies and startups.

The Korean firm’s ‘Samsung NEXT Q Fund’ is targeted during seed and Series A deals for startups that are “solving AI problems, as good as those regulating AI to solve mechanism scholarship problems.” In particular, a proclamation divulgence a new account mentioned areas that embody training in simulation, stage understanding, problem training programs and tellurian mechanism interaction.

The account itself doesn’t have a dedicated kitty, it instead invests from Samsung’s $150 million U.S. Next Fund, that was announced final year and is focused on early-stage companies in rising tech verticals.

The Q account has already cut checks, though. To date it has corroborated a series of companies, one of that is Covariant.AI — a startup that teaches skills to robots.

“For a past 10 years, we’ve watched program eat a world. Now, it’s AI’s spin to eat software. We’re rising Q Fund to support a subsequent era of AI startups who demeanour to blemish over a aspect of what we know today,” pronounced Samsung NEXT Ventures’ Vincent Tang in a statement.

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