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Finance

Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund

The new fund will target early stage opportunities in AI, blockchain technology, chips and data.

By Will CannyJul 12, 2024

Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund

Opinion

Why AI's Energy Use Isn't Demonized Like Bitcoin's

AI's utility is more obvious to everyday people than the cryptocurrency's, and AI's risks are so much greater that power consumption fears seem beside the point.

By George KaloudisJul 11, 2024

Why AI's Energy Use Isn't Demonized Like Bitcoin's

Tech

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.

By Sam KesslerJul 9, 2024

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Finance

Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed

Valdi allows customers to use available GPU compute cycles in data centers across the world.

By Will CannyJul 9, 2024

Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed

Markets

AI Tokens Outperform CoinDesk 20 Index Tuesday Despite Clouds Forming Over Industry

New research from Goldman Sachs and Sequoia challenges assumptions that Artificial Intelligence and Large Language Models can change the world.

By Sam ReynoldsJul 9, 2024

AI Tokens Outperform CoinDesk 20 Index Tuesday Despite Clouds Forming Over Industry

Finance

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Private equity firms are seeing value in partnering with bitcoin miners to help with AI computing after Core Scientific signed a 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

By Will Canny, Aoyon AshrafJul 5, 2024

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Finance

Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient

The project aims to address concerns about the proliferation of AI whereby the underlying code is concentrated in the hands of a few superpowers like Google or Meta.

By Jamie CrawleyJul 2, 2024

Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient

Tech

Ora, Aiming to 'Unlock Design Space for AI Dapps,' Raises $20M

The blockchain project, founded in 2022, aims to incorporate AI into decentralized applications with its "on-chain AI oracle."

By Bradley KeounJun 26, 2024

Ora, Aiming to 'Unlock Design Space for AI Dapps,' Raises $20M

Finance

Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.

By Aoyon AshrafJun 24, 2024

Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

Markets

Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Iris Energy is best positioned to take advantage of the high-performance computing/AI opportunity, the report said.

By Will CannyJun 24, 2024

Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

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