Andrew Ng's AI Fund invests in AI healthcare startup Jivi
Summary
Andrew Ng-led AI Fund has made its first investment in an Indian startup by backing Jivi, an AI-based healthcare firm. "AI is transforming healthcare, and Jivi takes an important step toward more equitable, precise, and personalized care. Growing up in a family of doctors, Ive seen firsthand how timely and accurate medical care can save lives. With the expertise and vision of Dr. Andrew Ng, we are confident that Jivi will play a transformative role in shaping the future of global healthcare, ensuring that high-quality care is a right, not a privilege, said Ankur Jain, Co-Founder and CEO, Jivi.The Gurugram-based startup has built a medical Large Language Model (LLM) called Jivi MedX, which outperformed OpenAIs GPT-4 and Googles Med-PaLM 2 across nine benchmarks.Indias artificial intelligence (AI) market is projected to grow about 35% each year to an up to $22 billion market by 2027, reveals a Nasscom-BCG report.Andrew Ng currently serves as the Managing General Partner at AI Fund and is also the Founder and CEO of Landing AI. Andrew is also the founder of DeepLearning.AI, the chairman and co-founder of Coursera, and an adjunct professor at Stanford University.The computer scientist has authored or co-authored over 200 research papers in the field of machine learning, robotics, and related fields.He has played a key role in advancing AI adoption at two major tech companies, serving as the founding lead of the Google Brain team and as Chief Scientist at Baidu.