#investment

Thailand's Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets.

Investment company Uncorrelated Ventures secured $315 Million in recent funding to finance software infrastructure and crypto startups.

Elon Musk is on a mission to attract $6 billion in funding for his AI-focused company, xAI, setting his sights on a valuation of $20 billion. This move would position xAI as a formidable rival to OpenAI, renowned for its ChatGPT app.

Sam Altman, leading OpenAI, is orchestrating a billion-dollar investment drive to create microchips crucial for artificial intelligence progression.

DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations.

Jian Wen, a British citizen of Chinese descent, faces charges from the UK Prosecution Service for her role in laundering over $6,1 billion, funds embezzled by the criminal Yadi Zhang. Zhang has deceived over 128,000 Chinese investors since 2014, promising investment returns before disappearing and converting the proceeds to Bitcoin.

Nvidia has injected $150 million investment in Kore․AI, an artificial intelligence chatbot, joining forces with notable investors such as FTV Capital, Coca-Cola, and Airbus. According to Raj Koneru, the CEO of Kore․AI, the company is experiencing exponential growth and is gearing up for an IPO.

Inter Miami, the American football club featuring star player Lionel Messi, has shifted its sponsorship allegiance from the cryptocurrency investment firm XBTO Group to the cruise operator Royal Caribbean International. This decision is widely viewed as the club's move to distance itself from the crypto industry.

Meta founder Mark Zuckerberg has announced his company's hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta's inventory of H100 graphics cards to reach 350,000 units by the end of 2024.