On the morning of April 17th, Beijing time, the investment organization set up by Kai-Fu Lee had just established a $500 million artificial intelligence investment fund and obtained the first 50 million yuan from the Spanish BBVA bank. Dollar funds.
The fund of the Innovation Workshop was formally disclosed this month. According to BBVA's statement, this 50 million U.S. dollars is the first financing announced, but it seems that the overall $500 million of funds have been finalized.
The bank said in a statement: "This fund has approximately US$500 million to invest in early-stage companies in Internet consumption, B2B, education, etc., but the focus is on artificial intelligence. ”
Innovation workshops manage approximately $1.7 billion in funds. According to Crunchbase, the company has so far made a total of 164 investments.