The editor of Downcodes learned that the AI Fund, an artificial intelligence fund led by computer scientist Andrew Ng, recently announced its investment in Jivi, an Indian artificial intelligence healthcare company. Jivi uses artificial intelligence technology to provide users with potential diagnosis and treatment options, health reports and management tasks. The specific amount and share ratio of this investment have not been disclosed, but this move highlights the AI Fund’s optimism about India’s artificial intelligence healthcare field and its recognition of Jivi’s future development potential. This investment further confirms the booming development trend of India's artificial intelligence market.
The AI Fund, an artificial intelligence fund led by computer scientist Andrew Ng, announced on Tuesday that it has invested in Jivi, an artificial intelligence healthcare company in India.
Jivi is an artificial intelligence healthcare company based in the northern Indian city of Gurgaon that uses artificial intelligence technology to provide potential diagnosis and treatment methods, generate health reports, and perform administrative tasks. AI Fund introduced Jivi in a statement, but did not disclose the specific investment amount or the proportion of shares purchased.
Picture source note: The picture is generated by AI, and the picture is authorized by the service provider Midjourney
According to a report released by Nasscom-BCG earlier this year, India's artificial intelligence field is booming, and its market size is expected to more than double to $22 billion by 2027. Among them, the products and startups category is expected to occupy 15-17% of the market share, tied with financial services for the highest share.
As the managing partner of AI Fund, Ng joined Amazon’s board of directors in April this year. Prior to that, he led AI projects at Alphabet's Google and Chinese Internet search engine Baidu, and subsequently left both companies.
The AI Fund has also invested in podcast production platform Podcastle and investment research app Octagon AI, with support from Sequoia Capital and SoftBank Group.
AI Fund's investment in Jivi once again shows its emphasis on the field of artificial intelligence healthcare and its confidence in the Indian market. In the future, with the continuous development of artificial intelligence technology, it is expected that more similar investment cases will appear, promoting the development of the global artificial intelligence healthcare industry. We look forward to Jivi Company achieving greater achievements in the future.