IBM Announces $500 Million Enterprise AI Fund
What they are saying
“ARMONK, N.Y., Nov. 7, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today 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.”
IBM
My thoughts
🌟 Tech Leadership Positioning: IBM is trying to reaffirms its role as a visionary in technological innovation.
🚀 IBM's Bold Step: Launching a $500 million fund, IBM dives deep into AI's future. This is still small compared to what Microsoft put into OpenAI.
🌱 Diverse AI Growth: Targeting startups to established firms, fostering a wide AI spectrum.
🏢 Enterprise Enhancement: Business applications through AI is there IBM makes its money.
Events you might like:
Palo Alto AI Investors & Networking
Mon, Nov 13, 4:00 PM JOE & THE JUICE • Palo Alto, CA
Exhibiting companies include:
Metiu Metev, RentalEye
Anna Yuan, ScaleGrowth AI
Louisa Lu , CommunityOne.io
Eric Forst, Pangea Social
Arjun Subedi, i&my.ai
Jonas Lamis, Storybank
Ihor Bauman, Workee
Berkeley Investors & Networking
Tue, Nov 14, 4:00 PM 2129 Durant Ave • Berkeley, CA
Fusion Behind Firewalls: Leveraging the Power of Private Data in ML
https://lu.ma/j6idttx9 The Multiverse • Palo Alto, CA
AI Investors & Networking
Mon, Nov 20, 4:00 PM JOE & THE JUICE • Palo Alto, CA
AI Unleashed: CTO Symposium
Tue, Dec 12, 5:30 PM The Multiverse • Palo Alto, CA
Christmas Mixer
Thu, Dec 14, 5:30 PM The Multiverse • Palo Alto, CA
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https://app.openfutureforum.com
AI VC’s, including me are actively seeking promising startups.
The Open Future Forum has joined forces with three esteemed early-stage VC’s to bridge the gap between them and top-tier AI startups like yours. Among the investors analyzing pitches are:
George Hurn-Maloney from EnvisionX Capital
Kumar Ujjwal of Fortified Ventures
David Gilgur, the Founding Partner at Blue Lake
Murray Newlands, Tesserium AI
However, we'd like to mention that feedback is not guaranteed.
To present your pitch, click here.
We are also on Slack if you prefer.