RE: Sponge....12 Mar 2025 10:12
Professor Nag, who has dual US and UK citizenship, has over 40 years of industry leading experience with long-term relationships and partnerships with world-class corporations and universities including Stanford University, Massachusetts Institute of Technology, UC Berkeley and Cambridge University.
Β· He is the Managing Director and Founder of R42, a Silicon Valley based investment fund which has developed a unique model of both inventing and investing in Artificial Intelligence ("AI"), Longevity and Deep Tech companies.
Β· Appointment offers capAI a unique opportunity to leverage off Professor Nag's and R42's contacts, connectivity, investment activity and international investment 'reach'. The aim is to establish with R42 a proprietary framework of co-invention, investment and co-operation initiatives.
Β· Professor Nag's proposed remuneration will be entirely performance related, demonstrating his commitment to delivering real returns to all stakeholders and to fully align his interests with those of the Company's.