彭博: Billionaires’ Family Office starts AI Fund with ex-SenseTime MD
A money manager to some of Hong Kong’s richest people is teaming up with a former executive from China’s SenseTime Group Inc. to look for early-stage investments in artificial intelligence.
VMS Group, a multifamily office with more than $4 billion in assets under management, jointly started the venture 3Cap AGI Fund earlier this week with Esther Wong, who spent more than five years running strategic investments as a managing director at Chinese AI giant SenseTime.
Local conglomerate billionaire families have committed about half of the targeted $150 million, according to Elton Cheung, partner at Hong Kong-based VMS. Wong, founder and chief investment officer of 3Capital, will head the fund.
This marks the latest example of money flowing into artificial intelligence after ChatGPT’s launch just over a year ago drew the world’s attention to the technology.