Computer scientist Andrew Ng's AI Fund announced on Tuesday that it has invested in Jivi, an artificial intelligence healthcare company based in India.
Jivi is an AI healthcare company located in Gurgaon, a city in northern India, utilizing AI technology to provide potential diagnostic and treatment methods, generate health reports, and perform administrative tasks. AI Fund introduced Jivi's details in a statement but did not disclose the specific amount of investment or the percentage of shares purchased.
Image source note: The image is generated by AI, provided by the image licensing service Midjourney
According to a report released earlier this year by Nasscom-BCG, India's AI sector is thriving, with the market expected to more than double by 2027, reaching $22 billion. Among them, product and startup categories are expected to account for 15-17% of the market share, ranking highest alongside financial services.
As an executive partner of AI Fund, Andrew Ng joined Amazon's board of directors in April of this year. Prior to this, he led AI projects at Alphabet's Google and China's internet search engine Baidu, and subsequently left both companies.
AI Fund, with the support of Sequoia Capital and SoftBank Group, has also invested in podcast production platform Podcastle and investment research application Octagon AI.
