Features TheBitTimes.com

Web3 venture capitalists will look to invest in blockchain gaming and collectibles projects through a new $20 million fund. A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles. Alpha Protocol Ventures (APV) will look to invest in a variety of projects across the Web3 ecosystem, its CEO and founder Vagelis Diamantis told Cointelegraph in an email interview. He said that gaming and collectibles will be a priority focus, while decentralized finance, layer-1 and layer-2 protocols will also fall within the scope of the fund’s capital allocation. “We will also explore projects that will try to solve real-world problems such as supply chains, data protection and infrastructure.” APV has drawn funding from Diamantis, Ethernity CEO Nick Rose, Web3 investment firm Morningstar Ventures and a group of Web3 angel investors. Diamantis, formerly the chief financial...

The company has raised $1.525 billion in funding since its inception last year. On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster, which the company claims is the largest in the world. The GPUs will be used to develop large-scale artificial intelligence models. Developers wrote:  “We estimate that if we entered our cluster in the recent TOP500 list of supercomputers, it would be the 2nd and close to the top entry, despite being optimized for AI — rather than scientific — applications." Inflection AI is also developing its own personal adjutant AI system dubbed “Pi." The firm explained that Pi is “a teacher, coach, confidante, creative partner, and sounding board” that can be accessed directly via social media or WhatsApp. The company’s total funding amount has reached...