Samsung NEXT's Q Fund to focus on AI startups

June 14, 2018 // By Julien Happich
Samsung NEXT, the group helping to transform Samsung by working with entrepreneurs and innovators to build, grow and scale software and services, launched the Samsung NEXT Q Fund with a focus on AI and its development.

The Q Fund will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems.

“For the past ten years, we’ve watched software eat the world. Now, it’s AI’s turn to eat software,” said Vincent Tang, Samsung NEXT Ventures. “We’re launching Q Fund to support the next generation of AI startups who look to scratch beyond the surface of what we know today.”

Samsung NEXT is focused on what the world will look like in five years and beyond—and helping make that a reality. With Q Fund, Samsung NEXT Ventures will have the flexibility to invest in non-obvious, forward-thinking approaches to AI instead of the applied AI technologies we see in the market today.

Problem spaces Q Fund will examine could include areas such as learning in simulation, scene understanding, intuitive physics, program learning programs, AutoML (Machine Learning for Automated Algorithm Design), robot control, human computer interaction and meta learning. 

“There are multiple approaches to building fundamental AI technology,” said Ajay Singh, Samsung NEXT Ventures. “And we want to invest in the people and teams who will try new approaches to lay the groundwork for what AI will be. For this reason, Q Fund will prioritize technical diligence over revenue models.”

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