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Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.
OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation
OpenAI is in talks to raise over $100 billion in funding, potentially making it the second most valuable U.S. startup, with discussions also involving a chip venture with G42.
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
Gemini Allocates $24 Million for Expansion in India
Gemini is set to invest $24 million in its Gurgaon development center in India, focusing on core platform areas like compliance and security. The move is part of Gemini's broader strategy to tap into India's burgeoning tech and startup ecosystem.
African Blockchain Ventures See Explosive Growth
African blockchain ventures experienced a 429% increase in funding, surpassing the global average of 4%. Seychelles and South Africa accounted for 81% of the funding, and Nigeria had the highest number of deals but only accounted for 3.4% of funding. Median deal size has significantly increased, indicating growing investor confidence.
Elon Musk Plans to Launch AI Startup to Compete with OpenAI
Elon Musk is reportedly assembling a team of AI researchers and engineers to launch an AI startup to compete with OpenAI. Musk is said to be in talks with existing investors from SpaceX and Tesla for investment in the new venture. In addition, Musk has recently incorporated a company named X (X.AI) and changed the name of Twitter to "X Corp" as part of his plans to create an "everything app" under the "X" brand. Meanwhile, Amazon Web Services (AWS) has launched the Bedrock initiative to allow its users to build generative AI from foundation models.
Elon Musk developing AI startup to rival OpenAI
Elon Musk is creating a new AI startup to compete with OpenAI, assembling a team of researchers and engineers while in talks with investors for the upcoming venture.
European Crypto Startups See Record VC Investment in 2022
Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023.
"Tim Draper's Bitcoin Diversification Advice"
Venture capitalist Tim Draper advises business founders to diversify their cash holdings by keeping at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, along with other recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank.