Samsung NEXT Q will invest in Israeli artificial intelligence technology

Samsung Next, Samsung's early-stage investment and innovation arm, based in California, New York, Tel Aviv and Berlin, announced the establishment of the Samsung NEXT Q fund to invest in companies engaged in the development of artificial intelligence technology.
Q will focus on start-up companies in Seed and A-stages that solve AI problems as well as those that use artificial intelligence to solve computer science problems such as learning simulation, scene understanding, problem learning, human-machine interfaces, meta-learning, and more.
The New Israel Fund, like its parent fund, is Samsung Next Tel Aviv, established in 2016 by its vice president, Eyal Miller, and is investing up to $ 5 million in early stage start-ups that develop software in the areas of artificial intelligence, cyber, IOT, Which has already invested in a number of artificial intelligence projects in Israel and around the world, including Brodmann 17, whose software solution enables the use of AI-based calculated visualization on simple, inexpensive processors.

The reason for the fund's founding was summed up by Vincent Tang of Samsung Next, who said that "in the last ten years we have seen how software swallows the world." Now it is the turn of artificial intelligence to "swallow" the software, "We launch the Q Fund to support the next generation Of technological advances in artificial intelligence and start-ups that seek to advance our knowledge beyond what we know today. "
Samsung Focus's Q Fund represents a change in the traditional approach to venture capital investments because Samsung will be able to invest more flexibly in companies that challenge known approaches and thereby increase their chances of achieving significant breakthroughs.
It should be noted that Q has recently been announced but has already recorded investments in the world, such as Covariant.AI, which relies on progress in imitation learning and learning through deep reinforcement to give robots new and complex skills. This example highlights and shows more than anything the Q's focus on start-up companies that replace conventional algorithms, data structures, and general computer programs in well-studied systems.
As Asjay Singh of SamsungNext puts it, "There are many approaches to the advancement of artificial intelligence technologies, we want to invest in people and teams that will try new methods to lay the foundation for AI's future." This is why Q will prioritize innovative ideas over models to create Income. "
Samsung Next Tel Aviv has already begun to examine young companies that are oriented further and are engaged in improving the core of artificial intelligence. Many of these start-ups are still in deep research stages that are traditionally not suitable for investments by standard funds that focus mainly on artificial intelligence applications for businesses that the dedicated fund intends to address.