In this week’s real-time analytics news: IBM announced it will launch a $500 million AI venture fund.
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IBM announced that it is launching a $500 million venture fund to invest in a range of AI companies –from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise. To put that dollar amount into perspective, AI startups received $17.9 billion in investments in the third quarter of this year, according to Bloomberg. That said, the IBM Enterprise AI Venture Fund will provide each startup with opportunities to develop partnerships with IBM while gaining operational expertise on product and engineering and go-to-market strategies.