After its launch in November 2022, the OpenAI Startup Fund made the
first investments in five innovative AI startups at the beginning of
December.
The OpenAI Startup Fund is investing $100 million to help AI companies have a profound, positive impact on the world. We’re looking to partner with a small number of early-stage startups in fields where artificial intelligence can have a transformative effect—like health care, climate change, and education—and where AI tools can empower people by helping them be more productive.
The fund is managed by a dedicated team with expertise in investing, ML, engineering, talent and operations, including members of OpenAI leadership and technical staff. The fund’s investors consist of Microsoft and other OpenAI partners. In addition to capital, companies in the OpenAI Startup Fund will get early access to future OpenAI systems, support from the fund’s team and credits on Azure.
We believe that our first four investments—Descript, Harvey AI, Mem, and Speak—have outsized potential to reshape creativity, legal services, productivity, and education, respectively, at scale. These companies deeply integrate cutting edge AI models to create experiences for users that were not previously possible.
Read the entire article on The Startup Network.