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Andrew Ng steps back at Landing AI after announcing new fund | TechCrunch

Aug 24, 2024 - news.bensbites.com
Andrew Ng, founder of Landing AI, is stepping down as CEO and transitioning to the role of Executive Chairman. His replacement will be the former COO, Dan Maloney. Ng, who has previously worked with Google Brain, Coursera, and Baidu, is likely shifting his focus to investing, as his AI Fund recently announced plans to raise another $120 million.

In other news, RealPage, a property management software company, is being sued by the U.S. Justice Department and eight attorneys general for allegedly aiding apartment and building managers in collusion. Meanwhile, Peloton is introducing a $95 activation fee for used equipment in an attempt to generate additional revenue from second-hand products.

Key takeaways:

  • Andrew Ng is stepping down as CEO of Landing AI, transitioning to Executive Chairman, with former COO Dan Maloney taking over as CEO.
  • Two former OpenAI researchers have expressed disappointment over OpenAI's opposition to California's bill to prevent AI disasters.
  • RealPage, a property management software company, is being sued by the U.S. Justice Department and eight attorneys general for allegedly aiding landlords in collusion to drive up rents.
  • Meta and Spotify CEOs have criticized AI regulation in the EU, claiming it hampers open-source AI.
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