A new venture capital fund named Zero Shot, closely linked to OpenAI, is on track to secure $100 million for its debut fund, as reported by TechCrunch. The fund has already commenced investing, with the founding team including former OpenAI members.
Zero Shot, a nod to AI training terminology, has successfully achieved its first funding milestone. The trio of founding partners from OpenAI, Evan Morikawa, Andrew Mayne, and Shawn Jain, have backgrounds deeply rooted in AI. They are joined by venture capitalist Kelly Kovacs and Brett Rounsaville, bringing diverse experiences from prominent tech firms.
Having worked together at OpenAI, the alums turned investors have a long-standing relationship. Post-OpenAI, their expertise in emerging AI technologies led to consulting requests from venture capitalists and startup founders, eventually culminating in the establishment of Zero Shot.
This move signifies a shift within the AI landscape, where former tech pioneers are now actively shaping the investment ecosystem, reflecting the evolution of AI technologies beyond research labs.
Source: TechCrunch