What does AI Fund do?

AI Fund is a venture studio founded by Andrew Ng in 2017 that collaborates with entrepreneurs, venture funds, and corporate partners to build AI companies. The studio acts as a minor co-founder, providing support in team assembly, market validation, and product development to help entrepreneurs transition from idea to company quickly. Backed by over $370 million from top-tier investors like Sequoia Capital and SoftBank, AI Fund's mission is to accelerate the adoption of artificial intelligence. It offers venture-building services, including co-founding and team building, an Engineer in Residence program for entrepreneurs to develop ideas into working products, and pre-seed funding for new ventures. AI Fund targets founders at the pre-seed and seed stages, focusing on sectors such as healthcare, financial services, education, supply chain logistics, enterprise software, and manufacturing. The studio is headquartered in Palo Alto, California, with operations in Taiwan and Colombia.