Early Nvidia Backer Maverick Is Launching an AI-Focused Fund
- Maverick Silicon will be the firm’s first sector-specific fund
- Ainslie says investors too cautious on technology’s potential
This article is for subscribers only.
Lee Ainslie’s Maverick Capital, an early backer of Nvidia Corp., is starting a fund focused on artificial intelligence to capitalize on “insatiable demand” he’s predicting for the next decade.
The Maverick Silicon fund, the first sector-specific vehicle in the firm’s 30-year history, will invest in mid- and late-stage private companies that focus on computing infrastructure to support the AI ecosystem, Ainslie wrote in a letter to investors.