OurCrowd, a leading investment platform, has unveiled its latest initiative to propel the growth of artificial intelligence (AI) startups. In collaboration with NVIDIA, a renowned technology company, OurCrowd will provide select AI startups with a fast track into NVIDIA’s Inception program.
NVIDIA Inception is a renowned program that aims to accelerate the growth of startups by granting them access to cutting-edge technology, connections with potential investors, and the latest technical tools and resources offered by NVIDIA. This strategic partnership will give startup founders the opportunity to leverage these resources to fuel their growth trajectory.
Cali Chill, OurCrowd Partner, Head of Fund Investments & Chief Legal Officer, emphasized the significance of AI technology in today’s investment landscape. He stated, “AI’s impact on our lives looks set to be comparable to the introduction of personal computing and the commercialization of the internet. OurCrowd startups are leading the way in incorporating AI across various industries, with the goal of increasing efficiency, accelerating work processes, and reducing deployment costs.”
Under the framework of OurCrowd’s AI Fund, investments will be distributed among 20-25 ventures. Some of these ventures will be expedited into the NVIDIA Inception program. The selected startups will gain access to top industry professionals, opportunities to connect with additional investors, and exclusive benefits such as cloud credits from NVIDIA partners and discounted prices on specific NVIDIA hardware and software.
Jon Medved, CEO and founder of OurCrowd, highlighted the significance of this collaboration for startup success. He emphasized, “Our collaboration with NVIDIA Inception will equip qualifying companies in the fund with a program specifically designed to nurture startups and pave the way for their success.”
While widely recognized AI applications like generative AI programs have captivated public attention, Medved urges investors to adopt a broader perspective of the AI revolution. He believes that the true transformative power of AI extends beyond its ability to generate text, photos, and videos. Rather, by focusing on the vertical integration of AI across different sectors, investors can fully grasp the potential impact on industries comparable to previous technological milestones like cloud computing, social media, and smartphones.
The OurCrowd AI fund, launched in September 2023 with a targeted raise of $50 million, has already made significant strides in the AI investment landscape. Over the past decade, OurCrowd has invested $386 million in 81 AI companies, solidifying its position as a prominent player in the industry. With the latest collaboration with NVIDIA’s Inception program, OurCrowd aims to further empower AI startups and foster their accelerated growth and success.
FAQ Section based on the main topics and information presented in the article:
Q1: What is OurCrowd?
A1: OurCrowd is a leading investment platform that is focused on supporting startups and facilitating their growth.
Q2: What is NVIDIA Inception?
A2: NVIDIA Inception is a renowned program that aims to accelerate the growth of startups by providing them with access to cutting-edge technology, potential investors, and technical tools and resources offered by NVIDIA.
Q3: How will OurCrowd collaborate with NVIDIA Inception?
A3: OurCrowd will provide select AI startups with a fast track into the NVIDIA Inception program, enabling them to leverage the resources and opportunities offered by the program.
Q4: What are the benefits for startups in the OurCrowd AI Fund?
A4: Startups in the OurCrowd AI Fund will gain access to top industry professionals, opportunities to connect with additional investors, and exclusive benefits such as cloud credits from NVIDIA partners and discounted prices on specific NVIDIA hardware and software.
Q5: What is the goal of the OurCrowd AI Fund?
A5: The goal of the OurCrowd AI Fund is to invest in and support 20-25 AI startups, providing them with resources and opportunities to fuel their growth and success.
Q6: How does OurCrowd CEO Jon Medved view the impact of AI on industries?
A6: Jon Medved believes that the transformative power of AI extends beyond its ability to generate text, photos, and videos. He urges investors to adopt a broader perspective and focus on the vertical integration of AI across different sectors.
Definitions for key terms or jargon used within the article:
1. AI – Artificial Intelligence: The simulation of human intelligence processes by machines, especially computer systems.
2. NVIDIA – A renowned technology company that focuses on graphics processing units (GPUs) and artificial intelligence.
3. Inception program – A program by NVIDIA aimed at accelerating the growth of startups by providing them with resources, technology, and connections with potential investors.
4. Cloud computing – The delivery of computing services over the internet, including storage, databases, software, and analytics.
5. Social media – Websites and applications that enable users to create and share content or participate in social networking.
6. Smartphones – Mobile devices that offer advanced capabilities beyond traditional phones, such as internet connectivity, touchscreen interfaces, and access to various applications.
Suggested related links:
– OurCrowd – Official Website
– NVIDIA – Official Website
The source of the article is from the blog kunsthuisoaleer.nl