Coursera co-founder, Andrew Ng, sets out to raise $150M for AI Fund

Andrew Ng, one of the founders of Coursera, has set out to raise a $150 million fund – dubbed AI Fund – in order to invest in artificial intelligence startups. The news comes just a few months after he announced his own startup, deeplearning.ai. The fund's existence was revealed because of a filing with the US Securities and Exchange Commission (SEC). The document filed with the SEC was filed under Andrew Ng's name on 14 August. At the end of June, we reported that Ng had left the Chinese company, Baidu, where he was in charge of the AI team to form his new startup, deeplearning.ai.