Andrew Ng is raising a $150M AI Fund
Andrew Ng is raising a $150M AI Fund | TechCrunch

		
		
			We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund, first noted by PEHub, targeting AI investments.
Ng, who formerly founded Google’s Brain Team and served as chief scientist at Baidu has long evangelized the benefits AI could bring to the world. During an earlier conversation, Ng told me that his personal goal is to help bring about an AI-powered society. It would follow that education via his deep learning classes is one step of that and providing capital and other resources is another.






2017 has been a particularly active year for starting AI-focused venture capital funds. In the last few months we have seen Google roll out Gradient Ventures, Basis Set Ventures hall in $136 million, Element.AI raise $102 million, Microsoft Ventures start its own AI fund and Toyota corral $100 million for AI investment.
It’s unclear at this point how Ng’s AI Fund will differentiate from the pack. Many of these funds are putting time and resources into securing data sets, technical mentors and advanced simulation tools to support the unique needs of AI startups. Of course Ng’s name recognition and network should help ensure solid deal flow and enable Ng to poach and train talent for startups in need of scarce deep learning engineers.
I’ve sent a note to Andrew and we will update this post if and when we get more details.

			
			
	Topics
	
		AI, andrew ng, Artificial Intelligence (AI), deep learning, economy, entrepreneurship, finance, microsoft ventures, Private Equity, Startups, technology, Venture, venture capital	


		
		

		
		
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		John Mannes is a student at the University of Michigan. 	



	
	
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