Lightning Capital launches $100 million AI fund; former a16z partner Michele Griffin appointed COO

CoinFeed reported on May 28 that, according to TechFundingNews, Lightning Capital announced the launch of a $100 million "AI Ripple Effect" early-stage fund and appointed former Andreessen Horowitz partner Michele Griffin as managing partner and COO. The fund will reportedly invest in startups focused on the secondary impact of AI on industries, infrastructure, and ways of working as it moves from experimentation to implementation. It will also provide secondary market and cash management strategies, as well as flexible liquidity options for family offices and corporate investors.