Source: The Information
Summary
Sound Ventures, a venture capital firm co-founded by Ashton Kutcher, is launching a new fund focused on investing in the infrastructure and energy that power artificial intelligence labs. This move is seen as a departure from the firm’s previous strategy of investing in category-leading AI labs. The new fund will target companies that provide the underlying infrastructure and energy required to support the development of AI technologies.
Our Reading
The announcement sounds ambitious.
Sound Ventures is shifting its focus from AI labs to the infrastructure and energy that power them. This move is reminiscent of the classic “picks and shovels” play, where investors bet on the tools and services needed to support a growing industry rather than the industry itself. Ashton Kutcher’s new fund is essentially saying, “We’re not just investing in the AI gold rush, we’re investing in the pans and pickaxes.” The question is, will this strategy pay off or is it just a case of ” infrastructure-washing”?
Author: Evan Null
