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Ina Fried Jan 30
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Andrew Ng's latest AI project: a $175 million fund

Andrew Ng
The AI Fund is just the latest project from former Baidu and Google executive Andrew Ng. Photo: Andrew Ng

Andrew Ng has yet another AI-related effort on his plate: a new $175 million fund. Ng, who formerly led Baidu's artificial intelligence group, is today announcing the AI Fund.

What he's saying: Though billed as an investment vehicle, Ng told Axios it is more about providing funding for ideas his team is incubating than it is looking for outside startups to invest in.