Investor interest in AI ‘off the charts’ since launch of ChatGPT, Radical Ventures co-founder says
With interest in artificial intelligence exploding into the mainstream, Toronto’s Radical Ventures has raised more than US$350-million for its second fund focused on startups in the field and has added global luminaries as partners.
It has attracted backers including Canada Pension Plan Investment Board and Public Sector Pension Investment Board, which don’t typically back domestic VC funds, Toronto-Dominion Bank, Singapore sovereign wealth fund Temasek, the billionaire Newhouse family’s Advance Publications Inc., and leading AI researchers Geoffrey Hinton of University of Toronto and Fei-Fei Li, co-director of Stanford University’s Human-Centered AI Institute.
Radical has also added two big names to its slate of partners: Dominic Barton, former Canadian ambassador to China and former global managing partner of McKinsey & Co., and London-based Aaron Rosenberg, head of strategy and operations at Google’s AI unit, DeepMind Technologies.
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