As corporate interest in generative AI increases, sector leader Anthropic and VC backer Menlo launch the Anthology fund to drive innovation

After a year working as an associate at the logistics management company’s CVC unit, Brandon Proetto is now a director.

Deborah Magid, who spent more than 20 years at IBM and its CVC unit, has launched an AI-focused VC firm called DoubleStar Venture Partners.

The company will use additional capital to finance startups aiming to tackle climate challenges in the water sector.

GCV Emerging Leader David Li will help the Australian mining firm’s CVC unit identify energy, climate and mining startups.

Julien Auchecorne will lead digital asset trading firm Auros’s Ventures unit, which has invested $15m in 14 companies since late last year.

Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.

LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.

John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.

Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.