Machine learning and artificial intelligence (AI) expert Andrew Ng has received $175 million in funds that the entrepreneur plans to invest in AI companies as well as global training programs, writes Business Insider.
His fund, “AI Fund,” announced on Monday that it’s raised $175 million from some of Silicon Valley’s biggest investors, including Sequoia, Greylock Partners, Softbank Group, and NEA. Ng will be the fund’s general partner.
What he’s going to do with that money is found and build new artificial intelligence businesses in-house. In a blog post, Ng wrote that his fund is already “pursuing three new AI-powered directions,” and part of his plan seems to make funds available to researchers so they can keep what they’re working on secret for longer.