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Business leaders 'can't afford not to pay attention' to AI, advises Sound Ventures' Effie Epstein

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Effie Epstein, a managing partner of Sound Ventures, said businesses can't afford not to pay attention to the growing importance of the new technology.

Cybersecurity lawyer Leeza Garber provides insight on the regulation of artificial intelligence on 'Making Money.', Effie Epstein, a managing partner of Sound Ventures told Fox News Digital.

That fund is designed to invest in AI technologies at the "foundation layer," Epstein told Fox News Digital, adding that Sound believes challenges to building new AI platforms means they will rely on existing foundation models, such as OpenAI’s GPT. "We believe that every application will need to ultimately plug into a foundational company, because it is very expensive to build," she told Fox News Digital.

Effie Epstein, a managing partner at Sound Ventures, said new AI use cases will likely be built on existing foundation models, such as OpenAI's GPT.

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