UKs earlystage media tech VC GMG Ventures rebrands to Mercuri, closes 50M fund

News Summary

  • Within content creation, generative AI models include all the creator tools (for example text to different audio and visual formats), developer tools (text to code) and tools for thinking,” said Hudson.“Creation also includes the creator economy where we are an active investor.
  • There are over 200 million creators globally making a living from it and accessing the development tools associated with it,” he said.Mercuri invested in 21 startups in its first fund, including the accelerator and incubator Founders Factory.
  • It plans to fund eight new products, while making several follow-on investments every year.UK touts £21M fund to extend AI deeper into the National Health Service
UKbased earlystage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised 50 million ($81.35 million) for its second fund led by British Business Bank, thr [+2223 chars]