Jeff Herbst has departed from his role heading Nvidia GPU Ventures to join Samsung Ventures alumnus Jay Eum at the recently formed GFT Ventures.

Jeff Herbst (pictured at the GCVI Summit), head of Nvidia GPU Ventures, the corporate venturing unit of US-based chipmaker Nvidia, has left to join venture capitalist Jay Eum in setting up a new firm, GFT Ventures.

GFT, which stands for global frontier technology – such as artificial intelligence, data science, blockchain and robotics – has completed a first close of undisclosed size for a debut fund with a final target of $100m.

Limited partners for the fund include chipmaker SK…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.