Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The announcement on Tuesday is the latest sign of Alphabet's growing interest in AI, a futuristic technology that's also gaining significance at Amazon, Apple, Facebook and Microsoft. Axios reported on the new program in May, but the details were not yet public.
Gradient will invest in 10 to 15 deals this year and will typically commit $1 million to $8 million in each, said Anna Patterson, founder and managing director of the firm.
"If we're really going to help AI happen faster, we needed to be more involved in the community," said Patterson, who's spent about a decade at Google working on Android, search, advertising and AI. "That's why we decided to do this -- to spur innovation in the AI space."
But Gradient isn't just another Silicon Valley funding source for start-ups, or even a typical corporate venture capital group. Alphabet already has GV (formerly Google Ventures), which backs start-ups at all stages, and CapitalG (formerly Google Capital), which invests in later-stage companies.
Gradient portfolio companies will have the opportunity to receive advanced AI training from Google. They can also have a Google engineer work onsite and provide assistance as needed for a set period of time, said Patterson.
"If you go to an AI conference now, when start-ups talk, they get up there and they say kind of heroic things about how they've acquired talent," Patterson said. "I realized that we could really help there."
The details haven't been fully ironed out, but the idea is to have a Google engineer do a rotation for six months -- or perhaps longer if a project needs more time -- and potentially have the engineer split time across multiple portfolio companies.
Patterson, who spent three years as co-founder and president of search start-up Cuil, said that Google engineers "would love to have a super-productive break."
Start-ups already participating in the program include Aurima, Cape, Cogniac and Dyndrite. Last month, Algorithmia said it received backing from Google's AI venture group, although the name of the firm had yet to be revealed.
Another perk is that portfolio companies will be able to access vast swaths of training data that Google has accumulated to train their own AI systems.
That's a meaningful perk for Cape, a start-up that runs an online service for remotely controlling drones. The additional data will help Cape in its security and asset inspection work, said Louis Gresham, the company's co-founder and operating chief.
Google is the sole investor in Gradient. GV did 63 deals last year, while CapitalG did six, according to data from PitchBook. Ankit Jain and Shabih Rizvi are Gradient's other partners.
While some start-ups will surely welcome the extra help that comes with having a Google engineer temporarily on board, others might be concerned about compromising their valuable intellectual property.
Patterson stressed that there will be an agreement expressly forbidding Google employees from bringing that IP back in-house. And Patterson said that seasoned entrepreneurs are welcoming the Google help.
"The pitch has resonated more with more experienced entrepreneurs, " she said.