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According to SEC filings, AI pioneer Andrew Ng's AI fund, an incubator supporting small teams in using artificial intelligence to solve critical issues, plans to raise over $120 million for its second fund. The documents show that the AI Venture Fund II has already raised $69.75 million from 13 partners, with about $50 million still to be invested.

IBM has announced the establishment of a $500 million corporate AI venture fund aimed at investing in various types of artificial intelligence companies, from startups to high-growth firms. The fund's purpose is to accelerate the development of generative AI technology, providing financial support, strategic guidance, and operational expertise. IBM has been actively investing in the AI sector, with partners including Hugging Face and HiddenLayer.