After its launch in November 2022, the OpenAI Startup Fund made the
first investments in five innovative AI startups at the beginning of
December.The OpenAI Startup Fund is investing $100 million to help AI
companies have a profound, positive impact...
After its launch in November 2022, the OpenAI Startup Fund made the
first investments in five innovative AI startups at the beginning of
December.
The OpenAI Startup Fund is investing $100 million to help AI
companies have a profound, positive impact on the world. We’re looking
to partner with a small number of early-stage startups in fields where
artificial intelligence can have a transformative effect—like health
care, climate change, and education—and where AI tools can empower
people by helping them be more productive.
The fund is managed by a
dedicated team with expertise in investing, ML, engineering, talent and
operations, including members of OpenAI leadership and technical staff.
The fund’s investors consist of Microsoft and other OpenAI partners. In
addition to capital, companies in the OpenAI Startup Fund will get
early access to future OpenAI systems, support from the fund’s team and
credits on Azure.
We believe that our first four investments—Descript, Harvey AI, Mem, and
Speak—have outsized potential to reshape creativity, legal services,
productivity, and education, respectively, at scale. These companies
deeply integrate cutting edge AI models to create experiences for users
that were not previously possible.
Read the entire article on The Startup Network.