SoftBank is among the limited partners that have contributed to the artificial intelligence-focused incubator and venture capital fund.
US-based incubator and venture capital fund AI Fund launched yesterday with $175m of capital from limited partners including telecommunications and internet firm SoftBank.
AI Fund will look to build companies that can use artificial intelligence to “improve human life”. In addition to SoftBank, it has received commitments from venture capital firms New Enterprise Associates, Sequoia Capital and Greylock Partners.
The fund was formed by Andrew Ng, co-founder and co-chair of online education provider Coursera. Ng, who also oversaw internet company…
