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David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup.According to a submission on Aug. 17, the company has finalized equity sales amounting to $59.95 million from 17
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Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust and other investors.The protocol created in
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Cryptocurrency custody platform BitGo has raised fresh capital after facing a series of terminated deals involving firms such as Michael Novogratz’s Galaxy Digital.BitGo has raised $100 million in a Series C financing round bringing the company’s valuation to $1.75 billion, the firm announced to Cryptox on Aug. 16.The newly raised funds
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The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust. Source
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Founded in 2021, Dinari wants to provide blockchain-backed access to corporate equity through its dShare platform. The dShare platform offers access to securities such as Apple or Tesla stock using a wallet on the Arbitrum network for users outside the United States due to regulatory reasons, said Jake Timothy, Dinari
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Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom. According to the announcement, the investment comes alongside a collaboration between the two companies in order to develop a multilingual large language model (LLM)
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The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CryptoX data show. Source
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L1D is registered with FINMA, Switzerland's independent financial markets regulator, and manages one alternative investment fund plus the now two venture capital funds, which are backed by professional and institutional clients, including Swiss pension funds, family offices, wealth managers and banks. Founded in August 2018, L1D has had experience with
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether (USDT) is scaling new heights InQubeta is currently surpassing key milestones amid a firm crypto market. This article dives into InQubeta and Tether, examining their trajectories and how they can shape the crypto landscape. InQubeta opens up access to
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The chances of approval of a spot Bitcoin exchange-traded fund (ETF) in the United States have now increased to 65% from a mere 1% just a couple of months ago.Bloomberg ETF analysts Eric Balchunas and James Seyffart said in a recent statement that the chances of approval for a Bitcoin
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