OpenAI Launches Converge 2 Program for AI Startups
OpenAI has opened applications for its Converge 2 program, a six-week initiative aimed at AI startups. The organization will invest $1 million into each of the 15 successful participants selected. The program is open to engineers, designers, researchers, and product builders who are utilizing AI for innovative purposes. OpenAI believes that robust AI systems will fuel groundbreaking startups and has established the Startup Fund to support aspiring founders and companies in this field.
Support for AI Startups
The rapid growth of AI tools and solutions has garnered support from industry experts and investors. Generative AI startups have received significant funding from various companies and organizations. OpenAI’s Startup Fund aims to contribute to the development of applied AI in essential domains.
Diverse Applicants Encouraged
OpenAI encourages founders from diverse backgrounds, regardless of their location or experience level, to apply for the Converge 2 program. Prior experience with AI systems is not required. While some weeks of the program can be attended remotely, attending in person is highly recommended. OpenAI will cover travel expenses for the initial and final weeks taking place in San Francisco.
Application Period and Other Funding News
The application period for the Converge 2 program started on December 13, 2023, and will end on January 26, 2024. In other funding news, Kasikornbank introduced a $100 million fund to invest in AI startups in the Asia-Pacific region, while Mistral AI secured $415 million in funding led by Andreessen Horowitz.
Hot Take: OpenAI Continues to Foster Innovation in AI Startups
OpenAI’s Converge 2 program demonstrates its commitment to fostering innovation and supporting AI startups. By investing $1 million in each participant, OpenAI aims to fuel the growth of groundbreaking startups driven by robust AI systems. The program’s global accessibility and encouragement of diverse applicants highlight OpenAI’s dedication to inclusivity and advancement in the field. With the rapid proliferation of AI tools and solutions, initiatives like Converge 2 play a vital role in shaping the future of applied AI and driving technological advancements across various domains.
By
By
By
By
