Three people familiar with the matter revealed that Sriram Krishnan, the core artificial intelligence adviser to President Trump, who left office in June this year, is setting up a venture capital fund focusing on the AI circuit. According to people familiar with the matter, the fund aims to raise about 500 million US dollars and invest in growing and late-stage enterprises. A person familiar with the matter said that Krishnan will be the sole general partner of this fund. The fund focuses on investing in AI companies in the US that can consolidate America's leading position in technology, and prioritize the fields of national security and cybersecurity. The list of companies the fund intends to invest in is currently unclear. Two people familiar with the matter said that the fund is still in the preparation stage, and there is no fixed schedule for official launch or initial closure; one of them said that the fund plans to start investing abroad before the end of this year. Two sources revealed that potential investors include various university endowments and other institutional investors.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.