Synopsis Sound Ventures may target around $200 million for the vehicle, said the person, who asked not to be identified because the information isn’t public. AFP Actor Ashton Kutcher ’s Sound Ventures is discussing raising a fund dedicated to artificial intelligence investments, according to a person with knowledge of the matter. Sound Ventures may target around $200 million for the vehicle, said the person, who asked not to be identified because the information isn’t public. Terms haven’t been finalized and could still change. Sound Ventures didn’t immediately respond to requests for comment. Kutcher is a partner at Los Angeles-based Sound Ventures alongside Effie Epstein and Guy Oseary. The firm’s funds made investments in companies including Airbnb Inc. , Uber Technologies Inc. , Spotify Technology SA and Pinterest Inc. , its website shows. Sound Ventures’ attention toward artificial intelligence comes amid heightened interest in the sector, in part due to Microsoft Corp. ’s $10 billion bet on Sam Altman’s OpenAI, the creator of ChatGPT. Other firms raising or planning to raise capital dedicated to AI include Radical Ventures, Air Street Capital and Conviction Partners. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Saturday, 11 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Companies Markets More Industrial Output Grows, but at Slower Pace in Dec Industrial production expanded for the second consecutive month in December, but growth eased to 4. 3% from 7. 3% in the preceding month, as tepid manufacturing took the sheen off the sharp rebound in mining and electricity. Adani Stocks Crack Again, ₹31,000 crore in Group mcap Wiped Out Adani Group stocks fell for a second day Friday after MSCI said it will reduce the weights of four of the conglomerate’s companies in its standard index. Adani Enterprises, Adani Transmission, Adani Total Gas and ACC could see outflows of $425 million, or about ₹3,450 crore, by the end of this month when the adjustments come into effect. SC Seeks Govt View on Ways to Shield Investors The Supreme Court sought the government’s views on whether the regulatory regime needs strengthening in order to ensure that investors are protected while hearing public interest litigation (PIL) related to the Hindenburg Research report on the Adani Group. Read More News on AI Fund Ashton Kutcher Sound Ventures Fund Effie Epstein Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. . . . more less ETPrime stories of the day Real Estate Interest rates are rising, so are rental yields. Is it the right time to invest in property? 8 mins read 3 insights to kick-start your day, featuring Swiggy’s “poor judgement” 3 mins read Strategy Stock Radar: Technical charts suggest HDFC Bank is likely to hit fresh record highs in next 3-6 months; time to buy? 3 mins read Subscribe to ETPrime.