Andrew Ng Reportedly Planning to Raise $120M for his Second AI Fund

According to recent SEC filings, Andrew Ng's AI Fund is reportedly targeting to raise over $120 million for its second fund, AI Venture Fund II. So far, the fund has secured $69.75 million from 13 partners, leaving around $50 million to be raised. Launched in 2018 with $175 million from backers like Greylock Partners, New Enterprise Associates, Sequoia Capital, and SoftBank Group, AI Fund's portfolio includes companies such as WhyLabs, Landing AI, and Baseten.

Source: TechCrunch