Andrew Ng (pictured), former vice president and chief scientist at Baidu Inc., has stayed busy since leaving the Chinese search engine in March. After launching online courses on artificial intelligence (AI), Ng’s latest move is to raise a US$150 million venture capital fund to back AI start-ups. According to a securities filing, Ng is the managing member of the general partner for newly established AI Fund, L.P., which seeks to raise US$150 million in total commitments. It’s unclear at this time what type of AI companies the fund will seek to back, or what geographic focus the vehicle will have. Ng did not immediately respond to an inquiry from China Money Network to comment. Ng has said repeatedly that he wants to build a new AI-powered society. His online AI course, launched on Coursera earlier this month featuring classes on deep learning, will help bridge the gap between AI talent supply and demand, something Ng feels is hindering the development of AI. The launch of a new AI fund, however, marks his entry into an already crowded space. Tech giants including Baidu and Google spent between US$20 billion to US$30 billion on AI in 2016, with 10% of that money …
Sponsors
Latest China News
- I Have A PRC National Spouse Resident On The Mainland – Can She Get A Dependant Visa For Hong Kong?
- Long Term Business Visit To Hong Kong – Do I Need An Employment Visa?
- Chip dreams: As Taipei takes a short step forward, Delhi assures a smooth long road
- I Lived In Hong Kong For 11 Years – And Have Been Gone For The Last 7 – Can I Still Get Permanent Residency?
- Asian Stocks to Fall as Chip Selloff Gains Steam: Markets Wrap
