Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 342.935 Million

AI Titan Andrew Ng Launches $150M Venture Fund

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Andrew Ng has launched a $150 million VC fund to invest in AI (via bit.ly/2wPrkqj)

Google Brain founder Andrew Ng— who in March left the position of Chief data scientists at Chinese web giant Baidu— is working on a $150 million (£116 million) venture capital fund.

The news, spotted by PEHub, suggests that machine learning leading light Ng—who also co-founded online educational platform Coursera, where he is currently offering deep learning e-classes— is planning to pour some real money into Artificial Intelligence projects.

According to TechCrunch, Ng is a fervent AI evangelist hell-bent on spearheading a more AI-fuelled society.

While the competition in the field is fierce—with giants like Google, Microsoft, and Toyota all setting their sights on AI startups through specific funds and incubator programmes— UK-born Ng’s personal prestige and thick contacts book will likely give him a leg-up when it comes to spotting and snapping up talented founders and AI researchers.

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