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2023-11-08 14:54:54
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IBM Launches $500 Million AI Venture Fund to Invest in AI Startups
IBM has announced the establishment of a $500 million corporate AI venture fund aimed at investing in various types of artificial intelligence companies, from startups to high-growth firms. The fund's purpose is to accelerate the development of generative AI technology, providing financial support, strategic guidance, and operational expertise. IBM has been actively investing in the AI sector, with partners including Hugging Face and HiddenLayer.