Andrew Ng's fund makes first India investment with AI healthcare firm Jivi
Tuesday – AI Fund, founded by renowned computer scientist Andrew Ng, has announced its first investment in an Indian artificial intelligence healthcare startup, Jivi. Based in Gurugram, Jivi leverages AI to assist in potential diagnoses, generate health reports, and streamline administrative tasks.
India's AI sector is rapidly expanding, with the Nasscom-BCG report projecting it to more than double to reach up to $22 billion by 2027. The products and startups category is expected to account for 15-17% of the market, competing closely with the financial services sector for the largest share.
While AI Fund did not disclose the amount or stake purchased in Jivi, this marks a significant milestone as its first venture into India’s healthcare AI space. Backed by Sequoia Capital and Softbank Group, AI Fund has previously invested in platforms like Podcastle and Octagon AI.
Ng, who has held prominent roles at Google and Baidu, and recently joined Amazon’s board in April, is committed to expanding AI’s global impact through strategic investments like Jivi.
Source: reuters.com
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