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Samsung NEXT announces Samsung NEXT Q Fund to support AI startups

Replacing the traditional venture capital (VC) investments in AI, the Q Fund will focus on non-obvious, forward-thinking approaches to AI instead of the applied AI technologies.


Devdiscourse News Desk 14 Jun 2018, 10:59 AM
  • Samsung NEXT, a leading driver of Samsung’s transformation has announced Samsung NEXT Q Fund, an early stage venture fund focused to realize the full potential of artificial intelligence (AI’s) future.  (Image Credit: Twitter)

Samsung NEXT, a leading driver of Samsung’s transformation has announced Samsung NEXT Q Fund, an early stage venture fund focused to realize the full potential of artificial intelligence (AI’s) future. 

Q Fund, as Samsung told, will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems. Q Fund will enable Samsung NEXT to work closely with innovators, researchers and startups to create meaningful exposure to the entire AI stack.

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. Q fund emphasizes on innovators who apply novel approaches to these challenges, which have historically been immune to conventional techniques.

Replacing the traditional venture capital (VC) investments in AI, the Q Fund will focus on non-obvious, forward-thinking approaches to AI instead of the applied AI technologies.

"For the past ten years, we’ve watched software eat the world. Now, it’s AI’s turn to eat software.We’re launching Q Fund to support the next generation of AI startups who look to scratch beyond the surface of what we know today," said Vincent Tang, Samsung NEXT Ventures.

“We’re at a critical juncture in the development of robotics—learning approaches are about to open up a wide range of new applications,” said Pieter Abbeel, Professor at Berkeley Electrical Engineering and Computer Sciences and founder of Covariant.AI.

Samsung NEXT has already made several investments in AI from its Samsung NEXT Fund. From Q Fund specifically, it focuses on startups replacing conventional algorithms, data structures, and general purpose computer programs with learned systems.

 

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