By Staff Writer
Google has set up Gradient Ventures, a new venture fund with technical mentorship for early-stage startups focused on artificial intelligence (AI).
“Through Gradient, we’ll 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,” Anna Patterson, founder and managing partner of Gradient Ventures, said in Google blog.
The AI startups will have access to experts from Google such as Ray Kurzweil, director of engineering, Machine Intelligence, Google. Kurzweil is one of the world’s leading inventors, thinkers, and futurists, with a thirty-year track record of accurate futuristic predictions. Called “the restless genius” by The Wall Street Journal and “the ultimate thinking machine” by Forbes magazine.
“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,” says Patterson.
“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.”