The AI2 Incubator, which became independent in 2022, has been operational since 2017. It has helped build over 30 startups and raised a $30 million fund last year to continue its work. The incubator focuses on pre-seed startups and the new funding is expected to cover most compute needs, even for companies developing new foundation models.
Key takeaways:
- AI2 Incubator, a spin-off from the Allen Institute for AI, has secured $200 million in compute for startups in its program to accelerate their early development.
- Any company in the AI2 Incubator portfolio or program can receive up to $1 million worth of dedicated AI-style compute at data centers owned by an unnamed partner.
- The AI2 Incubator focuses on pre-seed startups and the allocation is expected to cover most compute needs even for companies developing new foundation models.
- The AI2 Incubator, which has been operating since 2017 and became independent in 2022, has helped build over 30 startups and raised a $30 million fund last year to continue its work.