Andrew Ng, co-founder of online learning platform Coursera, announced a new artificial intelligence startup, LearnVector, focused on teaching white-collar workers new skills as AI reshapes professional work. The startup is backed by a $100 million investment from Coursera, which gives Coursera one-third of LearnVector, suggesting a value of about $300 million for the company. Ng said he founded LearnVector because he believes the popular belief that AI will replace workers is misguided, stating, "AI will be the greatest force in accelerating human development if we do it right, and rather than ... creating a job apocalypse, I think AI will make people a lot more productive and create fresh demand for skills." Ng, a computer scientist, general partner at AI Fund and an Amazon.com director, is hiring engineers for the new company and serves as its CEO. Coursera is the lead investor, and Ng declined to identify other possible investors or LearnVector's total funding needs. He is expected to join Coursera’s second-quarter earnings call on Wednesday to discuss the funding. LearnVector is still working out course offerings, pricing and user interface, but expects to offer its first courses early next year. It will use AI to develop individualized courses that track progress and become more advanced over time, with plans to sell courses to corporations, governments and higher education. Coursera will partner with LearnVector to sell and develop courses together.