Announcing the AI Fund: Building transformative AI companies

I am excited to announce the formation of the AI Fund. We have raised $175 million, and will be sequentially initiating new businesses that use AI to improve human life. As we grow these businesses, we also hope to help many of you enter the field of AI, and do the important work of building an AI-powered society. We are grateful to our investors, including NEA, Sequoia, Greylock Partners, the SoftBank Group and others for supporting us. In the early days of electricity, much of the innovation centered around slightly different improvements in lighting.