Samsung is diving deeper into artificial intelligence after it announced a new fund focused on AI technologies and startups.The Korean firm ‘Samsung NEXT Q Fund& is targeted at seed and Series A deals for startups that are &solving AI problems, as well as those using AI to solve computer science problems.& In particular, the announcement revealing the new fund mentioned areas that include learning in simulation, scene understanding, problem learning programs and human computer interaction.The fund itself doesn&t have a dedicated kitty, it instead invests from Samsung $150 million U.S.
Next Fund, which was announced last year and is focused on early-stage companies in emerging tech verticals.The Q fund has already cut checks, though.
To date it has backed a number of companies, one of which isCovariant.AI — a startup that teaches skills to robots.&For the past ten years, we&ve watched software eat the world.
Now, it AI 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 Samsung NEXT Ventures&Vincent Tang in a statement.