KX Venture Capital (KXVC) and AI Fund, a global leading venture studio that strives to accelerate the adoption of AI, are excited to announce a new strategic partnership aimed at growing and scaling new AI companies. KXVC is the venture capital arm of Thailand's KASIKORN Business-Technology Group (KBTG). This collaboration will leverage the strengths of AI Fund's venture studio model and KBTG's technological expertise as a leading tech voice in Southeast Asia to develop new solutions that address real-world challenges. Through this strategic partnership, AI Fund and KXVC will collaborate to build new companies together and strengthen connections between their respective ecosystems.
Ruangroj Poonpol, Group Chairman of KBTG, stated, "KXVC is thrilled to partner with AI Fund, a collaboration that leverages our advanced technology ecosystem to support pioneering AI startups. This partnership is a testament to our commitment to innovation and our belief in the transformative power of AI. Together, we are excited to catalyze the growth of new AI companies that are poised to transform industries."
Andrew Ng, Managing General Partner of AI Fund, remarked, "KXVC offers a powerful connection to the tech community in Thailand and across Southeast Asia. Under Ruangroj Poonpol's leadership, KBTG has become a leading advocate for human-first AI solutions. We look forward to partnering with KBTG to identify novel startup opportunities to co-build to serve the Thailand as well as global market."
The announcement of this partnership comes as Andrew Ng is scheduled to speak on opportunities in AI at KBTG Techtopia: A Blast From the Future. Held in Bangkok in July by KXVC's parent company KBTG, Ng's keynote address further underscores the partnership between AI Fund and KBTG to advance AI innovation. During his trip in Thailand, officially hosted by KBTG, Ng will also meet with the Prime Minister of Thailand, along with the country's top leaders and executives, to exchange insights on the future of the AI landscape. For more information about the KBTG Techtopia event, please visit KBTG's website.