OpenAI Launches Converge 2 for Funding AI Companies

OpenAI Startup Fund is now accepting applications for the second cohort of its six-week program, Converge 2. Founded on the principles that new and robust AI systems can fuel transformative startups, and these startups are pivotal in amplifying human ingenuity through AI, the Converge initiative seeks to push the boundaries of applied AI in crucial domains.

Click here to learn more about Converge 2.

The first cohort was launched in December 2022, which witnessed the global fascination with AI, as innovators from diverse backgrounds apply AI to reshape industries. With expanding model capabilities and diminishing costs for developing AI products, the initiative believes that we are still in the early stages of AI's potential.

Converge 2 aims to accelerate startups led by exceptional engineers, designers, researchers, and product builders who utilize AI to reimagine the world. 

The six-week program, scheduled from March 11, 2024, to April 19, 2024, will include tech talks, office hours, social events, and conversations with industry leaders. Participants will benefit from a $1 million investment from the OpenAI Startup Fund and become part of a thriving community of builders.

Founders from diverse backgrounds and experience levels are encouraged to apply, with no prerequisite for prior experience with AI systems. 

The application deadline is Friday, January 26, 2024, at 11:59 PM Pacific. 

The cohort is expected to consist of 10–15 companies, and the program involves a time commitment of approximately 4–6 hours per week.

While the first and last week of the program will be held in person in San Francisco, with covered travel costs, the intervening weeks can be completed remotely. However, in-person attendance is strongly recommended to maximize the benefits of the program.

Read: OpenAI to Host its Developer Conference in Bengaluru in January