SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Samsung NEXT announces Q Fund to invest in unconventional AI startups

Business
By 

Last updated: June 14th, 2018 at 13:57 UTC+02:00

Samsung NEXT, the venture capital arm that focuses on investing in software and services to complement Samsung’s hardware, has announced the creation of ‘Samsung NEXT Q Fund’ to invest in next-generation AI startups and ideas. The fund will provide seed and Series A funding for ‘non-obvious’ and ‘forward-thinking’ AI ideas.

According to the press release, Q Fund will invest in areas such as “learning in simulation, scene understanding, intuitive physics, program learning programs, automl, robot control, human-computer interaction and meta learning.” The fund is focused on unconventional approaches to AI problems that are immune to traditional methods. It has recently invested in Covariant.AI which applies novel approaches to teach new and complex skills to robots.

Revenue models are not the top priority

The Samsung NEXT team will work with many leading researchers in the field to identify the right investment opportunities for Q Fund. Since the fund is focused on more futuristic and complex AI challenges, revenue models are not the top priority. Samsung NEXT is taking a long-term view of the Q Fund investments considering the global economy is barely scratching the surface of what AI can accomplish in the future.

“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.

Source Business AIQ FundSamsung NEXT
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung confirms Bixby is getting an AI upgrade this year

Samsung confirms Bixby is getting an AI upgrade this year

Samsung went all in on AI with the Galaxy S24 earlier this year. All those AI features are powered by Large Language Models (LLMs) and Generative AI models, and everyone was expecting Bixby to get a makeover as well, especially considering how popular digital assistants like ChatGPT are these days. However, it didn't. Well, Samsung […]

  • By Asif Iqbal Shaik
  • 21 hours ago
New video shows what it’s like living with a Samsung AI vacuum

New video shows what it’s like living with a Samsung AI vacuum

Samsung has released a new video starring the Bespoke Jet Bot Combo. The company gave the AI-powered vacuum cleaner four minutes of playtime on its YouTube channel. And it's a good thing it did. Because if you aren't familiar with Samsung's roaming robot vacuum cleaners, you will be surprised by just how clever these little […]

  • By Mihai Matei
  • 3 days ago
Samsung to make 2nm AI chips for Japanese firm Preferred Networks

Samsung to make 2nm AI chips for Japanese firm Preferred Networks

Samsung has announced it will make 2nm semiconductor chips for Japanese AI firm Preferred Networks and offer advanced packaging for them. This announcement is in line with an earlier report that claimed the same. Samsung Foundry to make 2nm AI chips for preferred networks Samsung Foundry has finally received the first client for its 2nm […]

  • By Asif Iqbal Shaik
  • 3 days ago
Samsung Bespoke AI appliances get great offers in India

Samsung Bespoke AI appliances get great offers in India

In April this year, Samsung launched the 2024 lineup of Bespoke AI home appliances in India. Now, almost two months later, the company has announced Bespoke AI Days in the country. During this event, which will be live from 5 July 2024 to 14 July 2024, the brand will offer cashback of up to INR […]

  • By Abid Iqbal Shaik
  • 4 days ago
Tired of AI? Well, WhatsApp is getting more of it

Tired of AI? Well, WhatsApp is getting more of it

Almost everything in 2024 somehow has an AI connection, whether you like it or not. If you think there is an AI overload, prepare to get some more of it, as WhatsApp is about to get more AI features soon. The instant messaging app can create AI-powered avatars of you WhatsApp is developing a new […]

  • By Abid Iqbal Shaik
  • 1 week ago
Samsung launches its most advanced washing machine, complete with AI

Samsung launches its most advanced washing machine, complete with AI

Samsung has launched its most advanced and high-end washing machine ever. The Bespoke AI Combo has a 25kg washing capacity, a giant touchscreen display, and many AI features. Bespoke AI Combo has a 25kg washing capacity and many AI features The Bespoke AI Combo is Samsung's latest flagship washing machine. It is priced at KRW […]

  • By Asif Iqbal Shaik
  • 2 weeks ago