US, Virginia based Global AI Internet Freedom Fund GAIIFF),LP announced the launch of their new US$20 million investment fund to fuel next generation of applied artificial intelligence (AI) solutions. GAIIFF will invest in and nurture cutting edge technologies aimed at solving real-world business problems with artificial intelligence. The fund is not totally based on merely seeking financial gains only but rather to promote more AI based innovations that will better society as a whole.
In addition to announcing the initiation of the fund, the Global AI Internet Freedom Fund is also announcing its first investment in Fulfilled By Amazon.
Founded in early 2019, The Global AI Internet Freedom Fund intends to provide investors exposure to a thriving corner of the AI market targeting profitable companies who have proven, marketable solutions. It looks to demystify AI and demonstrate its simplicity and ease of implementation by supporting cash-flow positive companies who are in the growth stage of development and are well positioned in their market.
Simon Gillett, General Partner and founder of the Global AI Internet Freedom Fund commented Iin an interview with Thailand Startup News, “In line with the Global AI Internet Freedom Fund’s core values, we will invest in the growing ecosystem of innovative companies tackling issues in FinTech and EdTech with AI solutions,” “We are committed to providing significant value to growing AWS businesses globally.”
The Global AI Internet Freedom Fund will focus on companies and startups with artificial intelligence and machine learning business solutions. The fund will seek out growth-stage startups that are aligned with Global AI Internet Freedom Fund’s vision and core values. Beyond the potential for financial returns, the Global AI Internet Freedom Fund seeks to partner with good corporate citizens, companies who treat their employees, the environment, and their partners ethically correct. The fund is open to startups and companies from any region in the world.
For more details, please visit : http://www.gaiiff.com