Mayfield Fund initiated a $100 million initiative for AI startups concentrating on collaborative technology. This initiative, termed AI Garage, supports ideation-stage founders in creating \"AI teammate\" companies. The venture capital firm plans to accept up to five founders every six months, expanding its established entrepreneur-in-residence model. Initially, these participants will not receive funding but can secure between one and five million dollars after formulating a viable business plan with the firm's partners. The focus lies on AI applications that function as collaborators rather than mere assistants. Mayfield has already invested in several AI teammate companies, including DevRev, which enhances customer service through AI, and NeuBird, which aids site reliability engineers in managing outages. Learn more on this news visit us at: https://greyjournal.net/