Eight-year-old Sound Ventures, which counts as partners actor Ashton Kutcher, former iHeartMedia exec Effie Epstein, and Maverick Management founder Guy Oseary, just recently detailed its nearly quarter-billion-dollar foray into AI. Moving forward, the firm intends to back “category-defining artificial intelligence businesses,” according to higher-ups, who also emphasized their vision for the technology’s significant long-term role in entertainment and beyond.
Source: Sound Ventures Announces ‘Oversubscribed’ $240 Million AI Fund