BMW iVentures focuses on investing in companies that are at the forefront of creating new and interesting technologies that meet existing business needs. Specifically, the venture fund focuses on investing in companies with technology that is directly or indirectly supportive of advancements in the automotive ecosystem. The fund actively invests in startups working on designing AI functionality for self-driving cars, intelligent systems that can help with services or might innovate an automotive industry process in some way, and various technologies related to transportation. The fund even invests in smart systems designed to help with finding automotive insurance, helping customers find their dream cars, and basically anything interesting that suits a need within the industry.
When evaluating how to invest in AI companies, the fund essentially sees two categories of AI relevant companies. The first category is general purpose AI companies, which are companies with interesting AI technology that can suit multiple needs and circumstances, whether relevant specifically to the automotive industry or not. These general focus AI companies are good investments because they solve general challenges faced by most companies looking to address AI needs and also enable the capabilities required by domain-specific solutions. These offerings are focused on adaptable technology that conforms to various AI needs.
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