Samsung's startup arm launches AI-focused fund for early-stage companies

Along with building the Bixby voice assistant, Samsung also plans to invest in AI startups. The company on Wednesday said its Silicon Valley-based Samsung NEXT business has launched a new fund to invest in early-stage startups "solving AI problems, as well as those using AI to solve computer science problems." The Q Fund doesn't have a cap, but it falls under Samsung NEXT's overall $150 million investment fund. The new AI fund will invest only in seed and series A investments, the earliest stages of a startup's operations. Such investments typically are up to $1 million, though the Samsung NEXT fund managers can invest more, as well.