🗒️ How to find the business value in AI and ML
Venturebeat: There’s no doubt that, when applied effectively, machine learning (ML) and artificial intelligence (AI) have proven potential to deliver significant value and cutting-edge technological innovation.
But many organizations are struggling with the “effectively” part, according to a new survey.
🗒️ Gumi Cryptos Capital launches $110M fund to invest in blockchain startups
Venturebeat: Gumi Cryptos Capital has raised its second fund, an dit’s going to invest its $110 million in capital into early-stage blockchain startups.
The original Gumi Cryptos Capital fund started in 2018 grew its value from $21 million to $516 million in asset value, or a 24.6 times return on capital employed (ROCE). That puts the first fund’s performance in the top 1% of all venture capita funds, according to AngelList. In addition, companies in the gCC Fund I portfolio have themselves raised more than $1bn since January 2020 to fuel growth.
🗒️ ‘Empower the Change’ Growth Fund Aims to Close the Racial Wealth Gap
Businesswire: Venture Capital Firm, Small Business Lender, Impact Investor Advantage Capital Teams Up with NMSDC Business Consortium Fund to Introduce, Unveil the Empower the Change Fund
🗒️ Blockchain firms boosted by wave of venture capital funding
City AM: Venture capital funding has been pouring into the blockchain industry in 2022 through a flurry of high value deals, fresh data has revealed.
Blockchain companies attracted a staggering $23.8bn of venture capital funding in 2021 and have already raised $5.6bn (£4.2bn) in the first two months of 2022 putting the industry on track for a record year according to Pitchbook data.