Sound Ventures is exploring the possibility of raising a new $200M fund to back AI startups.
Sound Ventures' fund is the latest to ride the heightened investor interest wave in the sector, following in the footsteps of peers Radical Ventures, Air Street Capital, and Conviction Partners, which are raising AI-focused funds.
- Ashton Kutcher is the founding partner at the firm, along with Effie Epstein and Guy Oseary.
- Fund size and terms of the fund could change since the fund discussions are at their earliest stages.
- Sound Ventures' notable investments to date include Airbnb, Uber, Spotify, and Pinterest.
- Investors' interest in the sector is starting to peak following the rise of OpenAI's ChatGPT and Dall-E 2 applications.
- Microsoft made a $10B strategic investment into OpenAI last month.
