Many artificial intelligence startup ideas are still little more than superficial “wrappers” built on top of existing models. But as the AI model makers add more features, investors are wary of startups that could become so easily unnecessary.
Case in point: when reviewing more 4,000 applications for the joint AI accelerator for India startups run by Google and venture firm Accel, “wrapper” ideas dominated. But none of them were among the five startups for the latest cohort, Accel partner Prayank Swaroop told TechCrunch (pictured above).
Announced in November, the AI-focused Atoms program by Google and Accel aims to back early-stage startups building AI products linked to India. Startups selected for the latest cohort will receive up to $2 million in…