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Venture Fund

All articles tagged with #venture fund

business1 year ago

Metta World Peace Unveils $100M Sports Tech Venture Fund

Former NBA star Metta World Peace has partnered with ex-Boost Mobile CEO Stephen Stokols to launch Tru Skye Ventures, a $100 million venture fund targeting sports tech, digital media, and health and wellness innovations. The fund aims to invest in at least 20 companies, providing not just capital but also expertise in product development and marketing. This move marks World Peace's transition from basketball to venture capital, joining other athletes in creating generational wealth through investments.

via Sportico|
#business#investment#metta-world-peace
technologyinvestment1 year ago

"Cathie Wood's Ark Invests $54 Million in OpenAI, Elon Musk Sued"

Cathie Wood's Ark Investment Management has invested in OpenAI through its $54 million Ark Venture Fund, signaling a belief in the potential of the AI industry to reshape the tech landscape. OpenAI, a leading player in artificial intelligence, has attracted significant investment, including from Microsoft. The Ark fund, which focuses on both public and private firms, sees substantial growth potential in AI companies and aims to capture a significant portion of the projected $16 trillion market cap by 2030.

via Fortune|
#ark-investment-management#artificial-intelligence#cathie-wood
businesstech2 years ago

Dropbox Invests in AI and Introduces New AI-Powered Features for Knowledge Work.

Dropbox has launched a $50m venture fund, Dropbox Ventures, to support startups in the AI space. The fund will provide mentorship and financial support to build AI-powered products that "shape the future of work". Dropbox also announced new AI-powered features for its cloud storage product, including a universal search bar called Dropbox Dash and Dropbox AI, which summarises and extracts information from files stored in a Dropbox account. The company reaffirmed its commitment to building AI technologies "so that they're as fair and reliable as possible".

via TechCrunch|
#ai#businesstech#cloud-storage