08:27 AM EDT, 06/27/2024 (MT Newswires) -- AES ( AES ) said Thursday it has formed a strategic partnership with Andrew Ng's venture capital AI Fund to build companies that use artificial intelligence to improve energy efficiency.

No financial terms were disclosed. The collaboration will focus on incubating startups in renewables and battery management, workplace safety, and community impact categories, the company said.

"By combining our expertise in the power sector with AI Fund's expertise in artificial intelligence, we are uniquely positioned to lead the energy transition with AI-powered innovations," said AES ( AES ) Chief Executive Andres Gluski.

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