Crypto Biz: AI money rush could reshape digital asset industry

Crypto Biz: AI money rush could reshape digital asset industry

Cointelegraph moderated an AI funding panel at the Web Summit conference in Vancouver, Canada. The convergence between blockchain technology and artificial intelligence is intensifying, with key industry figures like Ben Goertzel convinced that AI should be decentralized.  This convergence was even highlighted by the World Economic Forum, which argued in 2024 that “Synergies between spatial…

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Nasdaq-listed Mercurity Fintech to raise 0M for Bitcoin treasury

Nasdaq-listed Mercurity Fintech to raise $800M for Bitcoin treasury

Mercurity’s $800 million Bitcoin treasury financing plan would make the firm the 11th-largest corporate Bitcoin holder after Galaxy Digital. Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin treasury reserve as more companies adopt the cryptocurrency for strategic purposes. Mercurity plans to raise…

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Sam Altman-backed Coco Robotics raises M

Sam Altman-backed Coco Robotics raises $80M

Los Angeles-based Coco Robotics, a startup building last-mile delivery robots, announced it raised $80 million on Wednesday. The funding round included angel investors Sam Altman and Max Altman, both returning investors, in addition to VC firms like Pelion Venture Partners and Offline Ventures, among others. This brings the company’s total funding to more than $120…

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North America takes the bulk of AI VC investments, despite tough political environment

North America takes the bulk of AI VC investments, despite tough political environment

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s…

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VC Roundup: Twenty One investors inject 0M into BTC treasury, Jump Capital backs Securitize

VC Roundup: Twenty One investors inject $100M into BTC treasury, Jump Capital backs Securitize

Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active.  Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin…

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