Mx (monarx)

Binance Labs' venture arm has invested an undisclosed amount in the mini-app and future exchange Blum. The investment took place as part of the seventh season of BNB Chain's Most Valuable Builder (MVB) program in late August. According to the company, before the announcement, the Blum team had to "resolve some legal and administrative issues," which delayed the disclosure of information. "Binance Labs' support will accelerate the development of Blum's trading infrastructure and allow us to scale to new markets," commented Gleb Kostarev, CEO and founder of the project. In the current season, the MVB program received more than 700 applications, of which less than 2% were accepted. Among other winners are Aggregata, Opinion Labs, SideKick, and Vooi. #news

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Microsoft and BlackRock have joined forces to establish an investment group aimed at raising up to $100 billion for artificial intelligence. These companies, along with other partners, intend to generate funds to enhance data centers and energy infrastructure that support AI development. According to an official statement, “an investment of $100 billion will strengthen the United States' position in the AI sector and help meet the growing demand for energy resources necessary for economic advancement.” In addition to BlackRock and Microsoft, the new Global Partnership for AI Infrastructure Investment (GAIIP) includes investors such as Global Infrastructure Partners and MGX. NVIDIA will provide support by sharing its expertise in data centers and AI manufacturing capabilities. In its initial phase, GAIIP aims to secure 30billioninprivatecapitalfromvariousinvestorsandcompanies.Thiswillenablethemobilizationofupto100 billion in total investment potential, including debt financing.

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