ChainCatcher news, KPMG plans to invest $100 million over the next four years to advance its enterprise AI services. The initiative will involve collaboration with Google Cloud, focusing primarily on internal AI projects utilizing Google technology.KPMG is expanding its AI and cloud services to meet client demands, which includes a $2 billion commitment over five years made earlier in July 2023 with Microsoft's cloud products.

ChainCatcher news, according to Cointelegraph, Paris-based Data4 announced plans to invest nearly $330 million to develop a new data center hub in Paiania, just outside the capital city of Athens, Greece.It is reported that the company is currently negotiating with existing lenders and local Greek banks to finance the project. The company manages multiple data centers in six European countries, including Greece, with an expansion investment target of €7 billion by 2030. However, the company stated that additional investments are still under negotiation with local governments.

ChainCatcher news, Cathie Wood's ARK Invest has invested $60 million in Musk's xAI startup, which accounts for about 2% of the fund's holdings.Last month, ARK Invest disclosed that 4% of its total holdings are invested in OpenAI, and 5% are invested in Anthropic, the company behind the Claude AI model.

ChainCatcher news, Tether's CEO Paolo Ardoino stated in an interview that artificial intelligence (AI) will be the company's next major bet.Ardoino pointed out that Tether is investing in the AI field, aiming to create decentralized, localized AI models that can run on personal devices to enhance privacy and control. He emphasized that Tether's goal is to reduce intermediaries across various sectors such as finance, communication, and education through blockchain technology, achieving decentralization.In addition, Tether has also invested in brain-computer interface technology to maintain human uniqueness and enhance cognitive abilities. Ardoino stated that Tether is leveraging its solid foundation in the stablecoin space to build a decentralized and resilient ecosystem capable of withstanding global challenges.

ChainCatcher news, Tether announced that it will expand its strategic focus to the field of artificial intelligence. First, the Tether data plan will take the lead in developing open-source, multi-modal artificial intelligence models, seamlessly integrating AI solutions into market-driven products, and is committed to promoting the development of open artificial intelligence.In addition, Tether data also announced the global recruitment of AI-related talent.

ChainCatcher message, according to official news, Ooki announced that it is entering the AI field and launching AI trading products. Previously, Ooki announced a partnership with PIYA AI, a technology company focused on medical technology.

ChainCatcher news, the BOINC AI team officially announces the development of the L1 ecosystem BOBCHAIN, which will search for small and medium-sized AI companies worldwide for collaboration, helping them with financing and providing computing power support, as well as assisting some outstanding early-stage AI companies in the STO of their stocks. Currently, five overseas companies have expressed interest in joining the BOBCHAIN ecosystem, and the BOINC AI team has also launched a weekly public lecture event in Silicon Valley.

ChainCatcher news, Sequoia Capital managing partner Roelof Botha was interviewed by Bloomberg's Emily Chang on October 3, discussing Sequoia's investment strategy and industry insights.Regarding investment strategy, Roelof stated that Sequoia is "focusing on fundamentals," and he advised investment firms to prioritize the development of their own business fundamentals, as this is the most critical factor that companies can control. Excellent companies can continue to grow in any macro environment.Sequoia Capital's investment strategy in the AI sector mainly focuses on the application layer, while also paying attention to early-stage entrepreneurial opportunities. Over the past year, 60% of Sequoia's investments have gone into AI-related fields, which include 17 stealth-mode startups and 5 early teams where investment terms were established before the company was founded.Sequoia Capital believes that the growth potential and impact brought by AI applications are comparable to the internet and cloud computing, and they are very optimistic about the future prospects. Sequoia Capital will continue to delve into the early stages, discovering outstanding entrepreneurial teams in the AI field. In addition to AI, sectors such as healthcare and defense are also receiving significant attention.

ChainCatcher news, the cryptocurrency venture capital firm Paradigm has changed its website wording from "Paradigm funds disruptive crypto/Web3 companies and protocols with as little as $1 million and as much as over $100 million" to "Paradigm is a research-driven technology investment firm," and has removed expressions related to cryptocurrency/Web3 such as "We believe cryptocurrency will define the coming decades."According to The Block, citing informed sources, Paradigm is shifting its focus from solely cryptocurrency to also include "frontier" technologies like artificial intelligence. People familiar with the strategy indicate that the company has not changed its mission and continues to focus on cryptocurrency and web3. The updated website copy aims to emphasize its technological research and points out that Paradigm has supported companies exploring new technologies, such as AI Arena, as part of its core strategy. (source link)