IBM has launched a $500 million venture fund aimed at investing in AI enterprises ranging from early-stage startups to those experiencing rapid growth, with a focus on advancing generative AI technology for businesses.
The IBM Enterprise AI Venture Fund is set to channel resources into AI companies poised to influence business transformation, according to the company. The fund will offer startups opportunities for partnership development with IBM and provide access to insights on product engineering and market strategies.
[Image courtesy: IBM]