PITTSBURGH, PA (November 5, 2024) – Carnegie Foundry, a leading robotics and AI venture studio, specializing in the development and commercialization of next-generation autonomous robotics and AI in Pittsburgh, is excited to announce that Nicholas Ng of J.P. Morgan will join its AI Advisory Board. The Board epitomizes Carnegie Foundry’s dedication to fostering companies driven by the most advanced and responsible AI technologies. The board collaborates closely with Carnegie Foundry’s executive team, playing a pivotal role in guiding the company’s strategic direction, assets and capital deployment and ensuring responsible innovation.
Nicholas Ng has significantly contributed to J.P. Morgan’s presence in Pittsburgh, particularly within the technology sector. In addition to advising corporate executives, business owners, and entrepreneurs, Mr. Ng is a co-head of J.P. Morgan Private Bank’s Pittsburgh tech & innovation coverage group, connecting venture-stage companies to J.P. Morgan’s extensive global network of VC investors, market insights, expertise, and tools. He spearheaded J.P. Morgan’s sponsorship of the Swartz Center for Entrepreneurship at Carnegie Mellon University and is a proud member of the J.P. Morgan team that co-founded the fast-growing Pittsburgh Robotics Network.
“In my capacity as a private banker at J.P. Morgan, I meet many investors looking to fund promising young companies as well as many founders working to bring innovative technologies to market. The progress that Carnegie Foundry has made to quickly bring scalable innovation to market - and its potential impact on Pittsburgh - has great promise and I’m excited to contribute to that success,” said Mr. Ng.
Carnegie Foundry, in collaboration with the National Robotics Engineering Center (“NREC”) at Carnegie Mellon University’s world-renowned Robotics Institute, brings to market innovative robotics and automation powered by AI to tackle society’s most pressing challenges.
“We have successful portfolio companies that have made astounding advances in AI capabilities that augment and protect families, consumers and corporations - and more are coming soon,” said Carnegie Foundry CEO Dr. Robert Szczerba. “One example is VoxEQ, specializing in real-time AI voice analysis for demographic identification and behavioral inquiry. We are also developing solutions in AI-driven healthcare and enhancing autonomous systems for robotics and vehicle fleets.”
Before joining J.P. Morgan, Mr. Ng was a Banker in the Law Firm Group at Citi Private Bank where he managed capital lending programs for two of the world’s largest law firms. He earned a B.S. in Business Administration from the University of Pittsburgh and resides in Pittsburgh.
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About Carnegie Foundry
Carnegie Foundry is a unique Robotics and AI venture studio, headquartered in Pittsburgh, PA. In partnership with the world leader in autonomous robotics and AI - the National Robotics Engineering Center (NREC) at Carnegie Mellon University – we develop, mature and spin out companies that commercialize cutting-edge intellectual property and advanced prototypes, already market tested and primed for new and expanded applications. For more information visit www.carnegiefoundry.com.
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