Cyber.Fund Unveils a Bold $100 Million Initiative for Cybernetic Investments in Blockchain, AI, and IoT Projects
In Brief
Cyber.Fund is gearing up to channel a whopping $100 million towards ventures that merge blockchain technology with cutting-edge developments in AI and the Internet of Things.
Investment firm Cyber.Fund With an eye on expanding the cybernetic economy, they're committing $100 million to support projects that integrate blockchain technology with advancements in artificial intelligence and IoT.
Founded by early Ethereum Financed entirely by founders Konstantin Lomashuk and Vasiliy Shapovalov, Cyber.Fund is powered by its own capital. The firm envisions the cybernetic economy as an interconnected and automated system where blockchain, AI, and IoT intersect. Their goal is to back initiatives that are built on blockchain technology.
"At Cyber.Fund, we believe in blockchain as the cornerstone for a new type of economy – one that is programmable, trustless, and decentralized. The cybernetic economy heralds a transformative era of innovation and collective progress, and we are excited to be front and center in this evolution,\" stated Konstantin Lomashuk, co-founder of Cyber.Fund.
The current backing for the fund also includes support from Cosmos. Solana and Polkadot.
AI Startups prosper even as Funding for Crypto and Blockchain Drops
While investment in crypto and blockchain enterprises remained steady over the last year, the influx of capital has noticeably slowed down in comparison to the previous bullish market phase. Conversely, funding for artificial intelligence has seen a meteoric rise, largely driven by interest in initiatives like ChatGPT.
In a noteworthy move, French AI firm Mistral AI has raised $415 million, positioning itself as a strong competitor in the market. raised Founded by ex-researchers from Meta and Google AI, the company focuses on creating AI-driven solutions that businesses can leverage for chatbots, search engines, virtual tutoring, and a range of other AI-oriented applications. OpenAI .
The commitment demonstrated by Cyber.Fund to projects situated at the crossroads of blockchain, AI, and IoT underscores its devotion to fostering innovation in the digital ecosystem, particularly in a climate marked by a general decline in investments.
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