Andrew Ng's fund makes first India investment with AI healthcare firm Jivi


Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo

(Reuters) - Computer scientist Andrew Ng-led AI Fund said on Tuesday it has invested in an Indian artificial intelligence healthcare firm named Jivi, the fund's first such investment in the country.

India's booming AI segment is expected to grow more than double to up to $22 billion by 2027, according to a Nasscom-BCG report released earlier this year. The products and startups category is expected to account for 15-17% of the market, tying for the highest share along with financial services.

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