Hollywood mogul Jeffrey Katzenberg raised $460 million for his investment firm WndrCo.The DreamWorks co-founder is passing on opportunities in entertainment, but he says AI will be transformative for the media landscape.
Now at WndrCo, Katzenberg is steering clear of the media market, telling CNBC that the big platforms are the winners. Rather, the firm is seeking opportunities in cybersecurity, the future of work and consumer technology.Jaswa said the goal is to find up to seven venture investments and to build one or two companies each year. Katzenberg joked about his own imaginings for the portfolio:"the moon, the stars," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: