We realized that Andrew Ng had more than just a series of deep studying programs up his sleeve when he announced the initial phase of his deeplearning.ai final week. It’s distinct now that the change of Ng’s 3 portion act is a $150 million venture capital fund focusing on AI investments.
Ng, who previously established Google’s Mind Team and served as chief scientist at Baidu has very long evangelized the positive aspects AI could deliver to the entire world. Through an before discussion, Ng told me that his own purpose is to help bring about an AI-driven culture. It would observe that schooling through his deep studying lessons is a person stage of that and providing capital and other means is an additional.
2017 has been a specifically active calendar year for setting up AI-focused venture capital money. In the final several months we have witnessed Google roll out Gradient Ventures, Basis Set Ventures hall in $136 million, Aspect.AI increase $102 million, Microsoft Ventures begin its very own AI fund and Toyota corral $a hundred million for AI financial commitment.
It’s unclear at this stage how Ng’s AI Fund will differentiate from the pack. Many of these money are putting time and means into securing details sets, specialized mentors and sophisticated simulation resources to help the exclusive desires of AI startups. Of course Ng’s title recognition and network really should support make certain stable deal move and permit Ng to poach and educate talent for startups in need of scarce deep studying engineers.
I have despatched a notice to Andrew and we will update this publish if and when we get more details.