Palace intrigue could dominate the information cycle surrounding OpenAI, however the AI startup – and its co-branded accelerator applications – are chugging alongside uninterrupted, the PR group tells me.
OpenAI Startup Fund (which, to be clear, doesn’t think about OpenAI an investor; it’s, very confusingly, a separate entity) at this time introduced the launch of Converge-2, the second cohort of its six-week Converge program for “distinctive engineers , designers, researchers and product builders use it AI to reimagine the world,” as the corporate describes it in a weblog submit printed this morning.
Just like the members of the OpenAI Startup Fund’s first Converge cohort, the ten to fifteen startups chosen to take part in Converge-2 will obtain a $1 million fairness funding from the OpenAI Startup Fund, the entrepreneurial tranche of greater than $100 million introduced final Might, backed by Microsoft. and different OpenAI Startup Fund companions. Do the maths and that is an funding of no less than $10 million within the Converge-2 program – not an insignificant chunk of change.
Along with the capital, Converge-2 contributors could have entry to technical talks, workplace hours, social occasions and conversations with “main practitioners” and the OpenAI Startup Fund’s “neighborhood of builders,” the weblog submit stated. Importantly, they will not be pressured to construct on high of OpenAI’s APIs; the OpenAI Startup Fund emphasizes that this system is “for anybody who builds or desires to construct with AI,” though it’s believed that the community results will make OpenAI’s applied sciences extraordinarily engaging.
The OpenAI Startup Fund encourages founders of all backgrounds, disciplines and expertise ranges to use, together with these primarily based exterior the US. Expertise working with AI methods is just not required. However the OpenAI Startup Fund shall require choose startups to spend no less than 4 to 6 hours per week on this system from March 11 to April 19, with the primary and final weeks of this system happening in San Francisco (the OpenAI Startup Fund will cowl journey prices).
The deadline for registration is January 26.