Y Combinator Partner Daniel Gross today announced that the accelerator-turned-venture-fund will offer its first vertical trackexclusively for AI startups.YC gathersfounders from different industries together in each investment cycle. The organization hosts interdisciplinary demo days anddinners, which are more like half-day sessions for knowledge sharing across founder teams, with big names in tech comingin to speak as well. YC even started mixingnon-profitsalongside for-profitsin 2013.
However, the trend across accelerators and early stage fundsin recent years has been to home in on a particular industry or technology type. The accelerator VC SOSV, runs programs for very early stage biotech-, hardware-, food-, mobile and smart city-startups;Acceleprise and AngelPad back b2b startups only;Yield Lab, Thrive and Terraare agriculture tech accelerators; while Starburst and LightSpeed Innovations work with aerospace and aviation startups. The list seems to grow every quarter.
The new YC AI track will include admitted startups along with all the others. The organization isnt ready to break with its intersectional, some would say generalist, roots yet. But YC AIcompanies will get some additional benefits that others do not. These include office hours with machine learning expertsto help overcome technical problems, and cloud compute credits for GPU instances. Making a machineartificially intelligenttakes a lot more data and computing resources thanhaving your groceries or meals delivered to your door.
In his announcement, Gross also included an RFS, or request for startups,specifically seeking companies withAI toenable robot factories. Currently, we mere humansstill do a lot of tedious work in factories, even those outfitted with state of the art robotics. In fact, a lot of that work revolves around setting up and fixing robots.
Gross wrote: Many of the current techniques for robotic assembly and manufacturing are brittle. Robot arms exist, but are difficult to set up. When things break, they dont understand what went wrong. As a result, humans are still leveraged to assemble products like an iPhone. We think machine learning (aided by reinforcement learning) will soon allow robots to compete [with humans].
TechCrunch asked Gross why set aside a separate track for AI startups. Wont everything in tech have AI in it, soon enough?He said, Soon is relative. I suspect there will be different layers of companies, just like with databases. Everyone uses a database, but some companies just use a high level abstraction, some lower level. We want to create more companies at the lower level. Gross, who previously built a search engine business called Cue and sold it toApple, will personally mentorYC AI startups.
Additional reporting by John Mannes
