Fund
UAE set to help fund OpenAI’s in-house chips
OpenAI’s ambitious plans to develop its own semiconductor chips for powering advanced AI models could receive a boost from the United Arab Emirates (UAE), according to a report by the Financial Times. The report states that MGX — a state-backed group in Abu Dhabi — is in discussions to support OpenAI’s venture to build AI…
Metis, the Ethereum Layer 2 Where Vitalik Buterin’s Mom Works, Creates ‘Metis Ecosystem Development Fund’
The fund, called the Metis Ecosystem Development Fund (Metis EDF), will allocate 4.6 million METIS tokens, which will all go to “sequencer mining, retroactive funding, deployment of new projects and other endeavors,” according to a press release shared with CoinDesk. Source link
COP28: Countries agree on how to fund climate ‘loss and damage’
A flooded street in Beledweyne, Somalia, in November Abuukar Mohamed Muhidin/Anadolu via Getty Images The world has agreed to key details of a loss and damage fund on the first day of the COP28 climate summit in Dubai, United Arab Emirates, allaying fears that the issue would unravel negotiations on other urgent issues at the…
OpenAI CEO Sam Altman-Backed Crypto Startup Meanwhile Starts Bitcoin (BTC) Private Credit Fund With 5% Yield
“A thriving Bitcoin economy is inevitable, but to realize this future and maximize its potential, robust capital markets are essential,” Zac Townsend, co-founder and CEO of Meanwhile Group, said in the press release. “This private credit fund offers unparalleled potential for institutional investors to unlock the full value of their BTC holdings without compromising their…