Westbridge Capital has committed over $1 billion to investing in artificial intelligence.

Manthan Shah of Westbridge Capital believes the AI venture market is "a little frothy," citing companies raising consecutive rounds at 4x to 5x valuation multiples within 6 to 12 months.

Westbridge Capital's investment thesis for AI focuses on companies that use AI to "own the outcome" in vertical markets like healthcare and financial services, rather than companies that sell AI tools.