Andrew Ng steps back at Landing AI after announcing new fund

Andrew Ng is stepping down from his role as CEO at Landing AI, the computer vision platform he founded in 2017. Dan Maloney, formerly the COO, will take the reins as Ng transitions to executive chairman to “continue to help drive” the tech and collaborate on “key decisions.”

Formerly of Google Brain, Coursera, and Baidu, Ng has seldom stayed put for long, and it’s probably not a coincidence that his AI Fund just announced plans to raise another $120 million. Chances are Ng — who was appointed to Amazon’s board in April — is simply choosing to focus on investing for now. At the same time, these executive reshufflings often precede other, bigger news, so we’ll be watching for more news from Ng over the coming months.