Sound Ventures has already plugged half its new $240 million AI fund into three companies

Sound Ventures, the eight-year-old, Beverly Hills, Ca.,-based venture firm led by general partners Ashton Kutcher, Guy Oseary, and Effie Epstein, announced a new $240 million AI fund just last week.
Turns out half of it is already invested in the three companies that it announced at the time that it rolled out the fund: OpenAI, Anthropic, and Stability.AI.
Further, says Epstein, the team plans to invest in just six companies altogether, they aren’t setting aside money for follow-on rounds, and backing rival companies is not, in the case of this fund, a deterrent.
The strategy flies in th

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