Guy Oseary & Ashton Kutcher are launching a $240 million AI investment fund via Sound Ventures VC.
, said Sound Ventures expects AI to have a significant impact on entertainment and wants to “responsibly support” that.“We anticipate that AI is going to play an impactful role in everything we do — including entertainment, an industry we know well,” Oseary said in a statement. “The companies we are backing will be at the forefront of this powerful innovation.”, Sound Ventures manages roughly $1 billion in assets and has been investing in artificial intelligence for roughly a decade.
“We believe this is potentially the most significant technology we will experience since the advent of the internet,” Kutcher said in a statement. “[These] companies are defining the category, and, in our view, they have the power to transform businesses and everyday life. That is a conversation we want to be in.”
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