Andrew Ng
Andrew Ng, who formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products.
Ng announced Tuesday that he raised money from venture capital firms New Enterprise Associates, Sequoia Capital and Greylock Partners as well as SoftBank Group Corp.
In an interview with Reuters, Ng said his goal was to identify new business ideas around artificial intelligence and be able to put cash into them quickly from the so-called AI Fund, of which he will serve as general partner, so that founders of the portfolio companies will not need to burn time pitching traditional venture capitalists.
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