Google has always been a company run by engineers for engineers. It looks like it’s also going to give some of them a shot at running a venture capital project that will fund research into one of the company’s most central efforts.
Axios reported Friday that Google is setting up an investment arm aimed squarely on artificial intelligence, and it seems like it will be separate from Google Ventures, the company’s formal investment organization. Dan Primack reported that the group will be led by Anna Patterson, and will operate almost like an incubator with a shared workspace for AI startups and mentorship from some of Google’s best AI folks.
A lot of entrepreneurs are wary of corporate venture capital: just look at the experience of Nucleus, which took money from Amazon to build a voice-controlled tablet powered by Alexa only to see Amazon trot out the Echo Show a year later. But Google is one of the powerhouses of AI research, and it has more enormous data sets for training algorithms than just about anybody.