Artificial Intelligence

Giant

Raise

Partner

Morgan Creek Digital is preparing to raise up to $500 million for a new venture capital fund focused on early-stage opportunities in artificial intelligence (AI), blockchain technologies, chips and data, the company announced in a press release today.
<h2 id="morgan-creek-digital-to-raise-up-to-500-million-for-new-web3-venture-capital-fund">Morgan Creek Digital to Raise Up to $500 Million for New Web3 Venture Capital Fund</h2>
The firm is meeting with sovereign and institutional investors, company officials and industry experts in the Europe, Middle East, Africa (EMEA) and Asia-Pacific (APAC) region as part of its strategy to expand its international presence.
The company also continues its discussions with US-based investors and partners.
Morgan Creek Digital emphasized that EMEA and APAC are ready to lead the future of technology by significantly increasing investments in artificial intelligence and blockchain.
Related News: <a href="https://en.bitcoinsistemi.com/binance-is-preparing-to-sell-most-of-its-shares-on-the-south-korean-stock-exchange-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">Binance is Preparing to Sell Most of Its Shares on the South Korean Stock Exchange! Here are the Details</a>
“With Web3's global reach, MCD will spend more time in international markets to connect with top CEOs and partners,” said Partner Mark Yusko in the statement.
The new fund aims to invest in Web3's “ABCDs” by targeting companies that integrate artificial intelligence, blockchain technology and high-performance chips to leverage the value of data.
The firm favors technologies that cross multiple industries, such as high-performance chips used for artificial intelligence training in data centers or Bitcoin mining.
APAC countries are expected to nearly triple their productive AI investments to $3.4 billion by 2024, while EMEA's digital budgets for AI are projected to grow by 40% and add $30 billion in new net investment by 2025, according to Morgan Creek Digital .
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-digital-asset-investment-company-announces-it-will-raise-funds-to-invest-in-artificial-intelligence-ai-and-blockchain-technologies/" rel="noopener noreferrer nofollow">Giant Digital Asset Investment Company Announces It Will Raise Funds To Invest In Artificial Intelligence (AI) And Blockchain Technologies!</a>

Giant Digital Asset Investment Company Announces It Will Raise Funds To Invest In Artificial Intelligence (AI) And Blockchain Technologies!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jul 12, 2024

Trump Vs Biden Election Outcome Unlikely To Deter Bipartisan Support For Crypto

Bitcoin Enters Extreme Fear Zone For The First Time In 18 Months: More To Go?

Illicit Crypto Flows Reach $100 Billion Since 2019, Impacting These Key Sectors

Price analysis 7/12: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

WhiteBIT CUP 2024: Where Crypto and Business Icons Converge on the Legendary FC Barcelona Field

Square-Enix backs blockchain-based football MMO ‘Soccerverse’

Join our free newsletter for daily crypto updates!