- OurCrowd partners with Nvidia to accelerate AI startups, aiming to transform industries with AI applications.
- Nvidia's Inception program, known for supporting startups, has become highly competitive despite being free for participants.
- The momentum in AI partnerships signals a trend towards collaborative efforts to drive advancements in AI technologies and applications.
OurCrowd partners with Nvidia to accelerate AI startups, aiming to transform industries with AI applications.
What to know: Israel’s OurCrowd has recently partnered with Nvidia to accelerate the next generation of AI startups. This collaboration comes on the heels of Nvidia surpassing Aramco to become the world’s third most valuable company. OurCrowd founder Jon Medved emphasizes the importance of taking a vertical view of the AI revolution, highlighting how the application of AI across various business sectors will shape the economies of the future.
Stronger together: Nvidia's Inception program, known for supporting startups, has become highly competitive despite being free for participants. Through the partnership with OurCrowd, select AI startups under the OurCrowd AI Fund will receive a fast track into the program. This strategic alliance reflects the ongoing evolution of the AI landscape to meet global demands and foster innovation in the industry.
Deeper details: OurCrowd's AI fund, established in September 2023 with a target of raising $50 million and investing in around 20 startups, has already made investments in companies like Polaris Quantum Biotech and One Zero Digital Bank. The fund focuses on supporting startups utilizing cutting-edge technologies such as quantum and digital banking. The momentum in AI partnerships, such as the one between OurCrowd and Nvidia, signals a trend towards collaborative efforts to drive advancements in AI technologies and applications.
Looking ahead:: The broader AI landscape is witnessing significant collaborations and initiatives aimed at harnessing AI for societal benefit and technological advancement. Noteworthy alliances include the AI Alliance launched by Meta and IBM to advocate for responsible AI practices, and the AI-RAN Alliance formed by Microsoft, Nvidia, Arm, T-Mobile, Samsung, and others to leverage AI for optimizing radio access network performance. These partnerships underscore the transformative potential of AI across industries, with its impact likened to previous technological milestones like cloud computing, social media, and smartphones.
