Alpha Intelligence Capital raises $150m for second AI fund, targets $250m

Alpha Intelligence Capital raises $150m for second AI fund, targets $250m

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration

Alpha Intelligence Capital (AIC), a Luxembourg-based venture capital firm, has hit a $150 million close for its second artificial intelligence fund which is targeting a corpus of at least $250 million amid a boom in the sector.

Edited by: Joymitra Rai