Ashton Kutcher’s Sound Ventures considers $200 million AI fund

Actor Ashton Kutcher’s Sound Ventures is discussing elevating a fund devoted to synthetic intelligence investments, in keeping with an individual with information of the matter.

Sound Ventures could goal round $200 million for the car, mentioned the particular person, who requested to not be recognized as a result of the knowledge isn’t public. Terms haven’t been finalized and will nonetheless change.

Sound Ventures didn’t instantly reply to requests for remark.

Kutcher is a associate at Los Angeles-based Sound Ventures alongside Effie Epstein and Guy Oseary. The agency’s funds made investments in firms together with Airbnb Inc., Uber Technologies Inc., Spotify Technology SA and Pinterest Inc., its web site reveals.

Sound Ventures’ consideration towards synthetic intelligence comes amid heightened curiosity within the sector, partially attributable to Microsoft Corp.’s $10 billion guess on Sam Altman’s OpenAI, the creator of ChatGPT.

Other corporations elevating or planning to lift capital devoted to AI embrace Radical Ventures, Air Street Capital and Conviction Partners.

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