JERUSALEM, March 5 (Reuters) - Israeli venture capital

fund OurCrowd said on Tuesday its new artificial intelligence

(AI) fund was collaborating with Nvidia ( NVDA ) to fast track

some of its AI startups into the Nvidia Inception programme.

Inception helps startups evolve faster through

cutting-edge technology, connecting with venture

capitalists, and having access to the latest technical resources

and tools from Nvidia ( NVDA ).

OurCrowd's AI fund was launched in September 2023 and aims

to raise $50 million and invest in 20 to 25 startups. It has

already invested in three companies, including One Zero Digital

Bank, Israel's first digital bank, and D-ID, which uses AI to

convert images into videos.

"AI is poised to affect every industry sector, with an

impact comparable to the introduction of cloud computing, social

media, the smartphone, the PC, and, before that, electricity,"

said Jon Medved, OurCrowd's chief executive.

Arik Kol, who heads Nvidia Inception Israel, said its

collaboration with the OurCrowd AI Fund will "develop the next

generation of AI startups, helping to shape the way that AI will

benefit multiple aspects of our lives."

OurCrowd, one of Israel's largest tech investors, over the

past decade has invested $386 million in 81 AI companies, with

eight being acquired or had an initial public offering.