#investment

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.

Flowdesk, a French cryptocurrency service provider founded three years ago, has successfully raised $50 million in a recent funding round, with Cathay Innovation being the major investor.

Moody's, a financial services company, has expressed that the adoption of tokenized funds is enhancing the efficiency of investment in government bonds and recognizes significant unexplored potential in this area.

The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.

In a significant move by U.S. authorities, Rodney Burton, a key promoter of the cryptocurrency venture HyperVerse, has been detained on accusations of conducting a fraud scheme exceeding $7 million. According to the U.S. Tax Service's filings, he masterminded a financial pyramid masquerading as a crypto investment opportunity.

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.

Microsoft and Vodafone have jointly announced a landmark 10-year strategic partnership, with an investment of $1.5 billion dedicated to advancing artificial intelligence and cloud-based services.

The cryptocurrency company Tether has been highlighted in a recent UN report on crime, due to the prevalent use of its stablecoin, USDT, in money laundering and fraudulent activities, particularly in Southeast Asia. The token is notably being used in sham investment schemes promising high returns.

El Salvador's unrealized (or floating) gains from its Bitcoin acquisitions have surpassed $12 million. Currently, the average cost of all BTC purchased by the country stands at $42,441.

Gary Gensler posted a thread about investing in cryptocurrencies. But there's nothing new there.