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TeTheGamer

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Redefining AI Innovation With Social Purpose: Patrick J. McGovern Foundation Announces $73.5 Million Toward AI for Humanity Foundation Supports 144 Organizations to Champion Human-Centered AI with Capital, AI Expertise, and a Commitment to Inclusive Global AI. BOSTON–(BUSINESS WIRE)–December 17, 2024– Artificial intelligence is no longer a futuristic construct; it has become a defining force in reshaping economies, ecosystems, and human lives. At this moment, AI’s potential is vast, making it a powerful new tool to embrace for collective progress. Today, the Patrick J. McGovern Foundation announces a total of $73.5 million in charitable contributions in 2024 to reinforce its proactive commitment to innovation and social impact. In collaboration with civil society, academia, and industry, the Patrick J. McGovern Foundation continues to center human dignity, equity, and shared purpose to create a world where AI strengthens resilience, provides sustainable solutions, and promises meaningful change.
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BlackRock Closes the Door on Altcoins: "Only Bitcoin and Ethereum!" Following the approval of spot Bitcoin and Ethereum ETFs, other altcoin ETFs are also expected to be approved. While there are already applications for altcoin ETFs for some altcoins like Solana (SOL) and XRP, BlackRock has closed the door on any other ETFs. Bloomberg ETF analyst Eric Balchunas shared BlackRock ETF president Jay Jacobs' statements on this subject. At this point, Jay Jacobs said that BlackRock will focus on Bitcoin and Ethereum ETFs rather than launching other altcoin ETFs. Jacobs said that his exploration of Bitcoin and Ethereum has just begun and that interest in BTC and ETH is just the tip of the iceberg. Noting that Bitcoin and Ethereum ETFs currently only reach a small number of customers, the BlakRock manager emphasized that the company is focusing on the BTC and ETH space rather than launching new altcoin ETFs.
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Celsius to distribute $127 million to creditors in second bankruptcy payoutAccording to a court filing submitted Wednesday, Celsius, the defunct crypto lender, is distributing $127 million to eligible creditors in a second payout from its bankruptcy proceedings. “As a result of the second distribution, each eligible creditor will receive a cumulative distribution in cash or liquid cryptocurrency equal to approximately 60.4% of the value of such creditor’s Claims as of the Petition Date,” the filing said. The value of bitcoin for payout is set at a weighted average distribution price of $95,836.23. The filing added that eligible creditors who cannot receive liquid cryptocurrency through the designated distribution agent will be directed to receive the payout in cash. In January this year, the Celsius bankruptcy plan administrators launched its first payout of $2 billion worth of cryptocurrencies to 171,672 creditors, which saw a recovery rate of 57.65% of eligible claims.
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It’s known as the first-of-a-kind (FOAK) “valley of death” — when climate startups are developing a novel product, but don’t have enough cash to build a capital-intensive factory to produce it. But help may be on the way: there’s a new fund, run by French VC firm Axeleo Capital, specifically dedicated to the problem. “There is a financing gap,” says Marc Lechantre, partner at Axeleo. “There is a lot of public funding for R&D and a lot of seed financing at the beginning of a startup’s journey. At the other end, there are a lot of large funds ready to fund growth with big tickets, but we have a gap in the middle.” Axeleo is based in Lyon and was founded in 2017. The new, first-of-a-kind (FOAK) fund is its third — two prior funds focused on b2b SaaS and construction and energy tech.
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