OurCrowd, Israel’s most active AI investor according to data from Pitchbook, announced on Tuesday a partnership with the world’s biggest AI chipmaker Nvidia that will help develop the next generation of AI startups. The new collaboration will see startups in OurCrowd’s AI Fund portfolio get easy access into the Nvidia Inception program, which offers access to Nvidia’s latest tools and resources.
“Investors need to take a vertical view of the AI revolution,” says OurCrowd founder Jon Medved. “The application of AI to each business vertical will transform our world and shape the economies of the future.”
The announcement comes barely a day after Nvidia surpassed Saudi Arabia’s oil giant Aramco to become the third most valuable company in the world by market capitalization, and just one month after it passed Alphabet as the third-largest company in the U.S. by market capitalization.
OurCrowd’s AI fund debuted in September 2023 with the goal of raising $50 million and investing in 20-some startups. It has to date invested in companies including Polaris Quantum Biotech, which uses quantum technology to find promising molecules for drug development; and One Zero Digital Bank, Israel’s first fully licensed digital bank.
While the Nvidia Inception program is free for startups, access is highly competitive. The partnership with OurCrowd will offer select AI startups under the OurCrowd AI Fund a fast track into the program.
Alliances like the one between OurCrowd and Nvidia continue to grow as the AI landscape keeps evolving to meet global demands. In December of 2023, Meta and IBM spearheaded the launch of the AI Alliance to promote responsible AI, and last month, Microsoft, Nvidia, Arm, T-Mobile, Samsung, and others launched the AI-RAN Alliance to “utilize AI for the enhancement of radio access network (RAN) performance and enable smarter connections to sustain human progress.”
“AI is poised to affect every industry sector, with an impact comparable to the introduction of cloud computing, social media, the smartphone, the PC, and, before that, electricity,” says Medved.
Autentifică-te pentru a adăuga comentarii
Alte posturi din acest grup
Threads, Meta’s X and Bluesky rival, is testing ads with certain brands in the United States and Japan, the company said Friday.
“We know there will be plenty of feedback abo
Sooner or later, the politicians who most admire Donald Trump begin to emulate him. They
I’ve been searching for the words to describe my feelings towards the current state of adtech. Terms like “stale,” “stagnant,” and “boring” are among the
As 3D-printed gun violence abounds, some lawmakers are looking to cut the problem at the root.
The New York state senate is currently evaluating a bill that would dramatically chan
Instagram Reels has added a new feature that shows you a feed of videos that your friends have liked. The bad news: It works both ways, meaning your friends can now see every video you’ve liked.&n
Two security researchers discovered a security vulnerability in Subaru’s Starlink-connected vehicles last year that gave them “unrestricted targeted access to all vehicles and customer
OpenAI announced on Thursday a research preview of Operator, an AI agent that can browse the web and perform tasks for the user. Operat
