According to Cointelegraph, OpenAI opened Converge 2, an application for the second cohort of its six-week program for artificial intelligence (AI) startups. Through this application, it aims to invest $1 million into each of the 15 successful participants selected.
The initiative is aimed at individuals like engineers, designers, researchers, and product builders utilising AI for innovative purposes. It is expected that OpenAI founded the startup fund on the idea that robust AI systems will fuel a new era of groundbreaking startups, Cointelegraph added.
Sources revealed the initiative’s background and its impact on AI. The startup fund initiative is OpenAI doing its part to help push the boundaries of applied AI in essential domains, Sam Altman, CEO, OpenAI, explained.
Furthermore, the company mentioned that the initial and final weeks of the program will take place in San Francisco, with OpenAI covering travel expenses for participants, Cointelegraph concluded.
(With insights from Cointelegraph)
