This summer, the fortune will smile on ten AI-focused companies. The fortune’s name is Betaworks, a venture capital firm and startup studio, and the smile is wide at $500,000 in funding. Starting in mid-June, Betaworks' ninth program will run until mid-September. The program will provide crucial for the growth and development of every startup in the field benefits, including access to a business-building curriculum and accelerated compute services from companies such as Hugging Face and Stability AI. Additionally, participating startups will have one-on-one mentorship time, attend events and activities, and have opportunities to collaborate with other ventures in the Betaworks cohort.
The ninth edition of Betaworks' event will focus on companies challenging and transforming the established connection between humans and AI. With roots dating back to 2007, Betaworks is a company that has grown to become an expert in AI trends and their modifications and changes throughout the years. As of today, the venture capital firm has a strong intuition for potential and admires risks and industry-disruptive ideas and concepts.
“We’ve been building, accelerating, and investing in and around machine learning for the last decade, and in the last 12 months, everything’s changed — the launch of generative visual models like [OpenAI’s] DALL-E 2 last year, the open and affordable access to these models with the availability of stability and GPT. AI has the potential to affect every sector and every part of how we live, work, play, and even die,”
- shares John Borthwick, Betaworks’ CEO.
As the AI field changes rapidly and takes unexpected turns every now and then, the CEO of the venture capital firm is convinced that copyright and intellectual property issues will blur into the light of innovation. As the world adapts to the changes, more innovation will take place.
“Some laws and frameworks that we have today will apply, and others will need to be made,”
- adds Borthwick.
“This is like the beginning of the internet where, for example, a ‘right to be forgotten’ rule hadn’t been considered yet because the technology hadn’t demanded it.”
