computer scientistAndrew NgThe AI Fund, an artificial intelligence fund led by the leader, announced on Tuesday that it has made an investment in theIndiaof an artificial intelligencehealthcare companyJiviMake an investment.
Jivi is an AI healthcare company based in the northern Indian city of Gurgaon that utilizes AI technology to provide potential diagnostics and treatments, generate health reports, and perform administrative tasks.AI Fund described Jivi in a statement, but did not disclose the exact amount of its investment or the percentage of shares it has acquired.
The AI sector in India is booming and its market size is expected to more than double to $22 billion by 2027, according to a Nasscom-BCG report released earlier this year. Of this, the products and startups category is expected to capture a market share of 15-17%, tied for the highest with financial services.
Ng joined Amazon's board of directors in April this year as managing partner of the AI Fund. Prior to that, he led AI programs at Alphabet's Google and Chinese internet search engine Baidu, and subsequently departed from both companies.
The AI Fund has also invested in Podcastle, a podcast production platform, and Octagon AI, an investment research app, backed by Sequoia Capital and SoftBank Group.