A Look at This Week's Top Investment Deals: Major Moves in AI, IT, Web3, and Crypto (May 13-17)

Notable Investors Rally Behind a $45 Million Investment for Polymarket

Polymarket has successfully garnered new funds, thanks to a group of high-profile investors, reinforcing the platform's standing in the industry. This influx of capital follows an earlier Series A funding round led by General Catalyst, which raised an impressive $25 million. Consequently, Polymarket’s total funding to date exceeds $70 million, underscoring the confidence in its innovative model for prediction markets.

To guide its upcoming growth phase, Polymarket has appointed Richard Jaycobs as its new market expansion chief. With this newly acquired capital and strategic leadership, Polymarket is set to elevate its offerings and solidify its presence in the dynamic world of crypto. $45 million in a Series B funding round U.S. Senators Propose $32 Billion to Accelerate AI and Tech Development

A bipartisan group of four U.S. senators has introduced a bold $32 billion investment proposal aimed at ensuring the United States remains at the forefront of the AI sector. The initiative, led by Majority Leader Chuck Schumer, seeks to harness the advantages of AI advancements while being mindful of potential risks. Fund allocation favors non-military AI applications, although military-linked projects will also receive a prioritized share.

Of course, the Senate itself cannot pass laws independently. Thus, I intend to meet with Speaker Johnson shortly to explore how we can collaboratively establish a bipartisan approach in line with our AI Policy Roadmap.

In addition, the proposal encompasses funding for state-of-the-art AI assessment facilities, data that is prepped for AI use, and cross-agency research and development. The senators are advocating for the introduction of a federal data privacy law, developing legislation to combat the usage of deepfakes, and drafting regulations to mitigate challenges such as copyright issues associated with AI, job displacement, and health-related or financial discrimination.

With this investment, Humanity Protocol is gearing up to expand its R&D team and is on track to launch its public testnet in 2024. The platform uniquely combines zero-knowledge (ZK) proof technology and a consensus mechanism termed \"proof-of-humanity,\" alongside an option for palm scanning, focusing on the security of digital identities on the blockchain.

Humanity Protocol presents a less invasive alternative to Worldcoin, which employs iris scanning. As reliance on AI grows and data breaches become more common, the market for decentralized identity solutions is rapidly expanding. The company strives to champion fairness and inclusivity in the digital age by safeguarding user privacy and sensitive data.

With the help of the funds, SoftBank Considers $150 Million Investment in India's AI Infrastructure

As part of its broader strategy centered around AI infrastructure, Japan's SoftBank is exploring potential investments in robotics and data centers throughout India. The company is specifically eyeing data center operations and industrial establishments that incorporate automation and AI, with individual investments ranging from $75 million to $150 million.

This move aligns with SoftBank's ongoing global thrust into robotics, artificial intelligence, and autonomous vehicles. After a two-year pause in Indian investments, SoftBank is poised to re-enter with significant stakes in the nation’s evolving AI framework.

Microsoft Plans to Invest €4 Billion in AI and Cloud Infrastructure in France Microsoft's anticipated investment is poised to significantly enhance the adoption and application of AI technology in France. Aiming to educate one million individuals and support 2,500 AI enterprises by 2027, the tech giant is set to invest €4 billion into advancing industry in France. This initiative will be guided by Microsoft’s AI Access Principles, designed to promote creativity and fair competition while ensuring the ethical development of AI across France. .

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Victoria is an accomplished writer focusing on a variety of technology topics, including Web3.0, AI, and cryptocurrencies. Her extensive expertise enables her to produce insightful articles for a diverse audience.

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