AI


Markets

Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain

The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT).

Grayscale advertisement (Grayscale)

Opinion

Web3-AI: What’s Real, and What’s Hype

The biggest challenge for the evolution of Web3-AI might be overcoming its own reality distortion field, says Jesus Rodriguez, CEO, IntoTheBlock.

(Marian/Getty Images)

Markets

Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein

The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.

Alta Novella's turbine room with 40 ASIC bitcoin miners.

Finance

Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund

The new fund will target early stage opportunities in AI, blockchain technology, chips and data.

Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund. (Jason Leung/Unsplash)

Opinion

Why AI's Energy Use Isn't Demonized Like Bitcoin's

AI's utility is more obvious to everyday people than the cryptocurrency's, and AI's risks are so much greater that power consumption fears seem beside the point.

(Taylor Vick/Unsplash)

Tech

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.

Ritual co-founder Niraj Pant (Ritual)

Finance

Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed

Valdi allows customers to use available GPU compute cycles in data centers across the world.

(Growtika/Unsplash)

Markets

AI Tokens Outperform CoinDesk 20 Index Tuesday Despite Clouds Forming Over Industry

New research from Goldman Sachs and Sequoia challenges assumptions that Artificial Intelligence and Large Language Models can change the world.

(Possessed Photography/Unsplash)

Finance

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Private equity firms are seeing value in partnering with bitcoin miners to help with AI computing after Core Scientific signed a 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

Lending money handing over paying cash (Shutterstock)

Finance

Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient

The project aims to address concerns about the proliferation of AI whereby the underlying code is concentrated in the hands of a few superpowers like Google or Meta.

Rachel Sun/CoinDesk