Sound Ventures invests half its new $240 million AI fund into three companies
Sound Ventures, a Beverly Hills-based venture firm led by Ashton Kutcher, Guy Oseary, and Effie Epstein, invested half of their newly announced $240 million AI fund into three companies: OpenAI, Anthropic, and Stability.AI. The firm plans to invest in only six companies altogether, with no plan to set aside money for follow-on rounds. The concentrated nature of the fund reflects the few power players that Sound Ventures sees emerging in the remade AI world. The high-risk strategy sets itself apart from traditional venture investing tenets. Sound Ventures will also be investing in an early-stage fund simultaneously.
More in News
Google's Android 16 Strengthens Smartphone Security with Game-Changing USB Protection!
Google's Android 16 introduces Advanced Protection Mode to secure devices from USB-related threats while locked. This feature blocks unauthorized connect...
Kuxiu Unveils World’s First Semi-Solid State Power Bank!
Kuxiu has launched the S2 Qi2 5000mAh MagSafe power bank, claiming it to be the first of its kind. Priced at $79.99, it has a lifespan of 1,000 cycles an...
New Boox E-Readers Bring Note-Taking to Android Fans!
Boox has unveiled two new seven-inch e-readers with stylus support, enhancing note-taking capabilities. The Boox Go 7, priced at $249.99, is available fo...
Revolutionary Device Turns Sunlight into Liquid Fuel with Photosynthesis Mimicry
Researchers at Berkeley Lab have unveiled a groundbreaking device that replicates natural photosynthesis to convert carbon dioxide into liquid fuel using...
YouTube Tests AI-Powered Video Carousel for Enhanced User Engagement
YouTube is experimenting with an AI-driven video carousel that displays curated short video clips directly in search results. This feature, currently for...
Read More in AiShorts
Deep-Live-Cam: Real-Time Face Swaps
Transform faces in videos effortlessly with Deep-Live-Cam. Enjoy real-time face swaps and create engaging content with just a single image. Dive into the...
GPT Engineer: Generate Codebase with AI Prompting
GPT Engineer is a Github repository that allows users to generate an entire codebase by providing a prompt which the AI then clarifies and builds upon. I...
Open Source Text-to-Video Synthesis Colab: Transforming Text into Video with AI
The Text-to-Video Synthesis Colab is a Github repository that includes various models for generating videos from text. Some of the models included are Po...
Roop: One-Click Deepfake: A New AI Program for Easy Face Swapping!
Roop is a software that allows users to replace faces in videos with one image of the desired face. There are two types of installations: basic, which is...
Qdrant - Vector Search Engine for the next generation of AI applications
Qdrant is a vector similarity search engine and vector database written in Rust, designed for extended filtering support, making it useful for various ne...
DeepFloyd IF: A Novel State-of-the-Art Open-Source Text-to-Image Model by StabilityAI
DeepFloyd IF is a modular, state-of-the-art open-source text-to-image model composed of a frozen text encoder and three cascaded pixel diffusion modules....
Bark: Transformer-based Text-to-Audio Generation Model by Suno-ai
Bark is a transformer-based text-to-audio model created by Suno. It can generate highly realistic, multilingual speech as well as other types of audio, i...
h2oGPT - The world's best open source GPT
h2oGPT is an open-source repository that provides code, data, and models for large language models or GPT. It includes code for preparing instruction dat...
StableLM: Ongoing Development of Stability AI Language Models
This Github repository is dedicated to the ongoing development of Stability AI's StableLM series of language models, including the recently released Stab...