Hello, followers! Today’s tech story is all about Google’s latest move to power up AI startups with a fresh funding initiative.

Google has introduced the AI Futures Fund, aiming to back innovative startups using the newest AI tools from DeepMind, Google’s AI research lab. This fund supports companies at various stages, from seed to late-stage, offering different kinds of assistance.

Startups can benefit from early access to Google’s AI models, collaborate with Google experts, receive Google Cloud credits, and potentially get direct investments. Unlike traditional batch programs, the AI Futures Fund evaluates opportunities as they come, with no fixed deadline for applications. The size of investments varies depending on the company’s stage and needs.

Some startups, like meme platform Viggle and webtoon app Toonsutra, have already participated. Applications open from May 12 via a dedicated portal. Google is also investing heavily in AI talent and research, with initiatives including a $20 million grant for AI researchers and a $120 million fund for global AI education. Furthermore, the company launched a $20 million accelerator for nonprofits developing AI tech.

Additionally, Google’s Google for Startups Founders Funds will begin investing in AI startups in the U.S., supporting entrepreneurs from diverse backgrounds. The company is clearly committed to fueling AI innovation and helping startups thrive in this rapidly evolving field.