AI Fund is a venture studio founded by Andrew Ng, the co-founder of Google Brain, former head of AI at Baidu, and creator of the popular Coursera machine learning courses. The studio operates with over $370 million in committed capital and partners with entrepreneurs from day zero to co-create AI-focused companies. AI Fund has co-founded approximately 35 portfolio companies, backed by top-tier investors including Sequoia Capital, NEA, Nikkei, and AES.

Unlike traditional venture capital firms that invest in existing startups, AI Fund operates as a studio that builds companies from scratch. The studio provides technical expertise, recruitment support, and operational resources to help new ventures get off the ground. In May 2025, AI Fund closed a $190 million oversubscribed round for its latest fund.

Regarding a scout program: no publicly available evidence confirms the existence of a formal, compensated scout program at AI Fund. The firm's model centers on internal company creation rather than external deal sourcing, which makes a traditional scout program less structurally aligned with its operations. It is possible that AI Fund maintains informal referral relationships or that a scout function existed at some point, but no details are publicly available.

AI Fund focuses on building AI companies from the ground up, leveraging Andrew Ng's extensive network and expertise in the field. The program aims to co-create ventures that address significant challenges across various sectors, including healthcare, education, and enterprise applications.