CDIB Capital Group (CDIB) is pleased to announce that it has completed an investment in Dr. Andrew Ng’s AI Fund, a venture studio based in Silicon Valley that focuses on building new AI companies. Established in 2017, AI Fund co-builds new AI companies alongside world class entrepreneurs and corporate partners.
The investment is part of CDIB’s efforts to establish strategic relationships with key venture partners that are leading the charge on the developmental front of incubating and nurturing startups with AI-related applications. The partnership will help fortify and continue to foster the connectivity between Taiwan and Silicon Valley, which is a core corridor of technological development in the modern era where the cross pollination of ideas and commercial exchanges will catalyze an acceleration in the realization of AI adoption across a multitude of industries amongst a variety of constituents, providing practical solutions to corporates around the world that solve existing real-world problems.
A globally recognized leader in AI, Dr. Andrew Ng leads AI Fund as the Managing General Partner. Additionally, he is the Founder and Executive Chairman of Landing AI, Founder of DeepLearning.AI, Chairman and Co-founder of Coursera, and an Adjunct Professor at Stanford University. As a pioneer both in machine learning and online education, Dr. Ng has changed countless lives through his work in AI, authoring or co-authoring more than 200 research papers in machine learning, robotics and related fields. He also led teams that helped with two leading technology companies’ AI adoption, as the founding lead of the Google Brain team, and Chief Scientist at Baidu.
About AI Fund
AI Fund is a venture studio that strives to move humanity forward by accelerating the adoption of AI. It works with entrepreneurs to build companies rapidly and increases their odds of success. It launches an average of one new company every month. The studio is supported by top-tier VCs and partners including Sequoia Capital, NEA, and Nikkei.
About CDIB Capital Group
CDIB Capital Group is a leading Asian private equity and venture capital firm with over 65 years of investing experience in Asia. The firm is a key member of KGI Financial Holding (formerly China Development Financial Holding), a listed financial holding company in Taiwan. CDIB specializes in identifying and investing in high-potential businesses across various industries through its asset management and strategic advisory platforms, with a focus on fostering long-term value creation for investors and portfolio companies. For more information, visit https://www.cdibcapitalgroup.com/en/.