WatsonX AI Labs will link local startups and researchers with IBM talent to jointly develop AI products, with funding from IBM Ventures potentially available.

The Korean carmaker has collected capital from 10 of its affiliate companies for a fund that will back frontier technologies such as AI and robotics.

Tai Panich has departed from the $700m CVC fund she formed in 2020 and has recruited corporate LPs for AI-focused firm AIconic Ventures.

Electronics manufacturer TDK's venture unit is targeting 'iconic' startups with its latest fund, seeking technologies that can define new markets.

The Japanese telecoms firm has again teamed with venture firm Global Brain, for a fund that will prioritise artificial intelligence and deeptech.

Tokyo Metro Ventures will target startups that can improve the value of its stations and solve issues on its lines.

The utility's corporate venture arm, National Grid Partners, is reserving $100m for AI deals as it looks to tackle electrification and the energy needs of data centres.

Wipro Ventures has received a further $200m in capital from its parent company as it celebrates its tenth anniversary.

The venture firm is targeting consumer health startups that can prevent illness before it happens and has secured health product maker Schwabe as its financier.

The volume of CVC deals jumped 31% from a year ago, while the return of large deals pushed up the value of funding rounds by 167%.