ChainCatcher news, according to Jinshi reports, the Ministry of Industry and Information Technology has decided to establish the Ministry's Artificial Intelligence Standardization Technical Committee, numbered MIIT/TC1, which is mainly responsible for the formulation and revision of industry standards in areas such as artificial intelligence evaluation testing, operation and maintenance, datasets, basic hardware, software platforms, large models, application maturity, application development management, and artificial intelligence risks. The first session of the Ministry of Industry and Information Technology's Artificial Intelligence Standardization Technical Committee consists of 41 members, with the secretariat undertaken by the China Academy of Information and Communications Technology.

ChainCatcher news, Binance co-founder Zhao Changpeng posted on X: "The last use case for humanity is training artificial intelligence."

ChainCatcher news, according to Jinshi reports, the elected President Trump stated that he will do some great things in cryptocurrency and artificial intelligence, which will require more power support.Trump also revealed that Amazon founder Bezos will meet with him next week.

ChainCatcher news, according to The Block, the hybrid algorithm stablecoin protocol Frax Finance is collaborating with IQ to develop an artificial intelligence tech stack. This AIVM tech stack is a parallel blockchain developed internally within the project L2 Rollup protocol Fraxtal, utilizing a new reasoning proof consensus system. This reasoning proof mechanism employs artificial intelligence and machine learning models to validate transactions on the blockchain network.

ChainCatcher news, according to Globe Newswire, the artificial intelligence company Genius Group Limited announced that it has increased its holdings by $2.2 million in Bitcoin.Currently, Genius Group has purchased a total of 191 Bitcoins, spending $18 million, with an average purchase price of $92,728 per Bitcoin.

ChainCatcher news, Singapore-based Web3 AI agent company Earos announced the completion of a $10 million Pre-Seed funding round, led by Lemon Ltd.It is reported that Earos is a platform that leverages digital twin technology to unlock the potential of AI Agents. It is currently building a decentralized AI ecosystem (Digital Twin Earth) that integrates AI Agent model layers, allowing global nodes to collaborate on AI model training, deployment, and validation. Developers can also create and deploy their own AI agents. It is said that the project will utilize tokens to reward participants who provide computing power, validate AI agent workstations, and run nodes.

ChainCatcher news, according to the Financial Times, OpenAI is discussing plans to introduce advertising to its artificial intelligence products as the ChatGPT developer seeks new revenue sources. OpenAI's Chief Financial Officer Sarah Friar stated in an interview with the Financial Times that the AI startup is considering an advertising model and added that they plan to "exercise caution regarding when and where to implement ads."The San Francisco-based company secured $6.6 billion in new funding in October, and according to multiple informed sources and an analysis of LinkedIn accounts by the Financial Times, OpenAI is recruiting advertising talent from large tech companies like Meta and Google.In a statement following the interview, Friar added, "Our current business is experiencing rapid growth, and we see tremendous opportunities within our existing business model. While we are open to exploring other revenue sources in the future, there are currently no active plans to launch an advertising business."

ChainCatcher news, according to Xinhua News Agency, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council pointed out in their opinions on the reform and innovative development of digital trade that it is necessary to vigorously develop digital technology trade, strengthen innovation in key core technologies, and accelerate the development of foreign trade in fields such as communication, the Internet of Things, cloud computing, artificial intelligence, blockchain, and satellite navigation.

ChainCatcher news, according to AXIOS, Trump is considering appointing an artificial intelligence minister to coordinate federal policy and the government's use of emerging technologies.

ChainCatcher news, according to Businesswire, the venture capital firm Theory Venture, which focuses on early software investments in the fields of data, artificial intelligence, and Web3, announced that after launching its first fund of $238 million in April 2023, it has completed fundraising of $450 million for its second fund, which will further expand support for innovators.The new fund will focus on three areas: data analytics, artificial intelligence as a new platform, and decentralized infrastructure as a database. Since launching its first fund, Theory has led investments in companies such as Context.ai, Initia, Superlinked, and Tobiko Data, and has opened a new office in San Francisco.

ChainCatcher news, Port3 Network posted on X that Port3 has partnered with ERA AI to combine Port3's distributed computing capabilities with ERA AI's innovative artificial intelligence technology to jointly create a public blockchain for artificial intelligence. The two parties aim to build an intelligent, scalable, and secure blockchain ecosystem to provide exceptional AI-driven services to global users.According to RootData, Port3 is an AI service protocol that features large-scale Web3 datasets, a decentralized computing platform, and an open cross-chain execution layer. It acts as a bridge connecting on-chain and off-chain sources to establish a globally accessible data layer.

ChainCatcher news, the decentralized artificial intelligence project Morpheus has officially launched and is operational. Morpheus is dedicated to reducing the negative impacts of artificial intelligence, such as centralization, censorship, and data monopoly control.Morpheus is built using the Lumerin codebase, which is a protocol running on the Arbitrum blockchain.

ChainCatcher news indicates that according to the disclosure documents from the U.S. Securities and Exchange Commission, Altos Ventures has completed a $500 million fundraising for its new fund, focusing on investments in areas such as artificial intelligence, cybersecurity, cloud computing, and blockchain, supporting the next generation of technology disruptors.Altos Ventures has currently invested in over 250 companies, with more than a dozen having gone public or been acquired by public companies. The portfolio includes South Korean e-commerce giant Coupang and the gaming platform Roblox, known as the "first stock of the metaverse." However, Altos Ventures has declined to comment on the fundraising situation related to the new fund.Additionally, according to the Web3 asset data platform RootData, Altos Ventures makes initial investments in startups to capture emerging consumer and business opportunities. Altos Ventures aims to collaborate with management to build world-class companies based on strong operational foundations and attractive unit economics.

ChainCatcher news, Tianyancha App shows that recently, Zhipu AI's affiliated company Beijing Zhipu Huazhang Technology Co., Ltd. underwent a business change, adding Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership), Shenzhen招商数科 Innovation Private Equity Investment Fund Partnership (Limited Partnership), and Hubei Yangtze River CITIC Technology Mobile Communication Technology Industry Investment Fund Partnership (Limited Partnership) as shareholders, while the registered capital increased from approximately 27.91 million RMB to approximately 31.07 million RMB.

ChainCatcher news, according to Caixin, Microsoft will spend about 10 billion dollars to use CoreWeave's cloud computing data centers to develop artificial intelligence business.

ChainCatcher news, according to Cointelegraph, Digital Mining Solutions founder Nico Smid stated that Russia plans to build Bitcoin mining and artificial intelligence computing facilities in BRICS countries, with other countries potentially following suit by utilizing underused energy to mine Bitcoin.The Russian sovereign wealth fund is collaborating with Russian data center operator BitRiver to establish Bitcoin mining and artificial intelligence computing facilities for BRICS countries. This project could facilitate BRICS countries settling global trade in Bitcoin—an alternative to a basket of local currencies and gold as a currency support scheme.Russia will lift the ban on Bitcoin mining on November 1, but not without restrictions. It requires all Bitcoin miners to register with the Federal Tax Service of Russia and submit a list of machine models and wallet addresses.

ChainCatcher news, a16z founder Marc Andreessen discussed the origins of Truth Terminal and the creation process of the meme coin GOAT in a podcast. Andreessen described this as the first true fusion of artificial intelligence and cryptocurrency.Previous news, Marc Andreessen posted on the X platform stating: "This summer I provided a $50,000 unconditional personal research grant to terminal of truths and its creators. This grant was intended to support independent AI research, and the results were outstanding, but I have no connection to the meme token GOAT, no financial interest, and do not hold any of its tokens."

ChainCatcher news, U.S. SEC Chairman Gary Gensler stated that using algorithms or artificial intelligence models to defraud the public is fraud, and this is not just an issue we face; other agencies such as the Federal Trade Commission will also encounter similar situations. The U.S. SEC is focused every day on how to reduce costs in the system, needing to lower costs through competition, transparency, and other means, while ensuring market accessibility. At the same time, attention must be paid to market resilience, such as enhancing the robustness of backend and infrastructure through measures like central clearing.