BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.
CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.
Tether, the issuer of the USDT stablecoin, is set to invest another $1 billion over the next year in projects related to alternative financial infrastructure, artificial intelligence, and biotechnology.
Microsoft has developed a generative AI model specifically for U.S. intelligence agencies, aimed at processing the large volumes of confidential data they receive daily. This AI operates independently of the internet and is managed via a dedicated cloud infrastructure.
Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.
Exaion, a subsidiary of France's state-owned energy corporation EDF Group, has joined the blockchain Chiliz as a validator. This partnership is designed to enhance technological infrastructure through the expertise of a traditional company and to push the cryptocurrency industry towards ecological sustainability.
