IBM Launches $500 Million AI Venture Fund to Invest in AI Startups
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IBM announces the establishment of a $500 million corporate AI venture fund, dedicated to investing in a variety of artificial intelligence companies, ranging from startups to high-growth enterprises. This move aims to accelerate the development of generative AI technology and provide financial support, strategic guidance, and operational expertise to startups. IBM has always been an active investor in the AI field, with partners including Hugging Face and HiddenLayer. Through this initiative, IBM demonstrates its commitment to nurturing AI startups, driving innovation, and fostering extensive collaboration in the AI sector.
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