PYMNTS.com March 26, 2025
The Amazon Alexa Fund has expanded the scope of its investments to include a variety of developments in artificial intelligence (AI).
The fund, which was launched in 2015 to provide venture capital funding for voice and smart devices, has also been investing in startups focused on AI-enabled hardware, generative media, smart agents, AI architectures and other projects in the AI field, according to a Wednesday (March 26) blog post from Amazon.
Amazon Alexa Fund Director Paul Bernard said in the post that Amazon and Alexa have already been at the forefront of AI, that the company sees opportunities for AI to make customers’ lives better, and that fund has expanded its focus without changing its commitment to advance the state...
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