AI Fund is a venture studio where Andrew Ng and a team of code-writing operators personally build AI companies alongside recruited CEOs, systematically sourcing startup ideas from collaborations with large corporates like AES, HP, and Mitsubishi to create companies with built-in customers and market traction from day one. The studio focuses on agentic AI opportunities in specialized domains like tariff compliance and first-responder drone operations, operating more like an AI R&D lab that spins out ventures than a traditional VC that sources existing deals.