Early stage investor Wing Venture Capital has closed a $600 million fund to back startups focused on artificial intelligence.
The Palo Alto, California-based firm will use money from the fund to continue to invest in companies that develop AI tools with a business use case, founding partner Peter Wagner said in an interview.
While VC firms have been interested in AI for years, momentum has accelerated since the launch of OpenAI’s ChatGPT language tool gripped public attention, according to Wagner.
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