Air Street Capital, a venture firm focused on early-stage artificial intelligence startups, has raised a second fund worth $121 million with backing from Spotify Technology SA’s Chief Executive Officer Daniel Ek, in another sign of endless appetite for the trendy tech.
The London-based fund, which also includes capital from Jeff Dean, a top AI exec at Alphabet Inc.’s Google, has already placed bets on startups in the US and Europe working on data analytics and semiconductors. But it’s seen the most success in drug discovery, an area of growing interest for investors looking for AI opportunities.
The heightened attention on all things AI this year has sparked an investment frenzy ...
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