GenAI Fund’s Post

𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐔𝐧𝐯𝐞𝐢𝐥𝐬 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐏𝐥𝐚𝐧 𝐭𝐨 𝐄𝐦𝐞𝐫𝐠𝐞 𝐚𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐞𝐚𝐝𝐞𝐫 𝐢𝐧 𝐀𝐈 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭, 𝐋𝐚𝐮𝐧𝐜𝐡𝐢𝐧𝐠 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 $𝟒𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐮𝐧𝐝 🚀 Some key points below - 🚀 𝑺𝒂𝒖𝒅𝒊 𝑨𝒓𝒂𝒃𝒊𝒂'𝒔 𝑩𝒓𝒆𝒂𝒌𝒕𝒉𝒓𝒐𝒖𝒈𝒉: Initiating a $40 Billion AI Investment Fund! 🚀 𝑭𝒖𝒏𝒅 𝑶𝒓𝒊𝒈𝒊𝒏𝒔: Sponsored by the Saudi government. 🚀 𝑰𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝑭𝒐𝒄𝒖𝒔: Primarily on AI startups and associated technology. 🚀 𝑭𝒖𝒏𝒅'𝒔 𝑺𝒄𝒐𝒑𝒆: Includes areas like semiconductor chips and data centers. 🚀 𝑮𝒍𝒐𝒃𝒂𝒍 𝑨𝒎𝒃𝒊𝒕𝒊𝒐𝒏: The Middle East aims to be a major player in funding AI ventures. 🚀 𝑨𝒏𝒂𝒍𝒐𝒈𝒊𝒆𝒔: Equating semiconductor chips to the new "oil". 🚀 𝑾𝒆𝒂𝒍𝒕𝒉 𝑺𝒐𝒖𝒓𝒄𝒆: The Middle East boasts significant oil reserves and profits. 🚀 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝑷𝒐𝒘𝒆𝒓: Aramco alone generated around $400 billion in profits in the last 3 years. 🚀 𝑺𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝑺𝒉𝒊𝒇𝒕: Transitioning oil profits into AI and technology investments. 🚀 𝑺𝒂𝒖𝒅𝒊 𝑨𝒓𝒂𝒃𝒊𝒂'𝒔 𝑷𝒓𝒐𝒂𝒄𝒕𝒊𝒗𝒆 𝑺𝒕𝒂𝒏𝒄𝒆:Making significant strides in AI investment. 🚀 𝑹𝒆𝒎𝒂𝒓𝒌𝒂𝒃𝒍𝒆 𝑺𝒄𝒂𝒍𝒆: The $40 billion fund announcement is truly staggering. Is it a good move or a bad move, What do you think about this? For more content like this, Please follow Sanjay Kumar ↗️ and TelcoLearn

Finamatrix is a Singapore-based company that was founded in 2006¹. It is currently recognized as a market leader in the NASDAQ100 risk tech database, serving 50 million traders worldwide¹. The company provides forecast data for the top 100 tech firms, EURUSD, gold, and more¹. In summary, Finamatrix is a market leader in generative AI forecasting, leveraging its expertise to provide valuable services to traders worldwide and contribute to solving global issues like climate change. It exemplifies the spirit of "for Singaporeans, by Singaporeans," leading the way in prompt engineering and forecasting. Now, Singaporeans can use their SkillsFuture credits and learn to be a Prompt Engineer in Forecasting. Sign-up for online course: Forecasting Financial Markets with AI here: https://lnkd.in/gXqZ4WgN from a market leader and receive a certificate of completion. #singapore #skillsfuture #PromptEngineer #generative #ai Source:  (1) onePA | Finamatrix Pte Ltd. https://lnkd.in/gaZmbRuh. (2) SINGAPORE'S REGAIA ENERGY & FINAMATRIX PARTNER TO $FIX THE CLIMATE .... https://lnkd.in/gvyiR_zq. (3) Singapore’s Finamatrix Tokenizes Crude Algae Oil With Leading Algae .... https://lnkd.in/g55EEDz3.

“Beijing-based generative AI startup Shengshu Technology (生数科技) announced that it has completed a new funding round in less than three months, securing several hundred million yuan in fresh investment, as investors double down on their bets in the AI race. The Pre-A round of fundraising was led by Baidu Inc. and the Beijing Artificial Intelligence Industry Investment Fund, with participation of ZGC Science City Ltd., Qiming Venture Partners and others, Shengshu said Wednesday, without giving the actual size of the fundraising. Shengshu said the funds raised will be used to support the development of general-purpose multimodal technology, iterating and optimizing its self-developed large models.” “As well as accelerating product development and market expansion. Shengshu unveiled its own text-to-video AI tool Vidu in April, which is taking on OpenAI’s Sora. Described as China’s first long-duration, high-consistency and highly dynamic video generation model, Vidu can generate high-definition videos lasting up to 16 seconds. In March, Shengshu received several hundred million yuan from a group of investors including Qiming Venture Partners, along with Delta Capital, Zhipu AI and Baidu Ventures among others. Shengshu is one of a group of Chinese startups capturing venture capital investors’ attention for their potential in the AI race to rival American tech giant OpenAI’s text-to-video model Sora.” “OpenAI’s innovative model unveiled in February can generate videos up to one minute in length from user prompts, captivating audiences and sparking global interest. Previously, investors focused heavily on financing large language models. However, following Sora’s release, they have intensified support for multimodal investments. Established in March 2023 by scientists from Tsinghua University’s Institute for Artificial Intelligence, Shengshu focuses on the research and development of multimodal large models, including images, 3D and video. Its products include image-to-text generation, joint image-text generation, image-text rewriting and transforming flat images into three-dimensional, multi-angle viewable content.”

Middle East oil producers invest petrodollars into AI The rapid rise in electrical demand brought on by generative AI provides an opportunity for energy-producing nations. Countries in the Middle East, with their advantages in solar and hydrogen technology, are well-positioned to benefit substantially, necessitating careful observation of AI's local effects. Computational models are anticipated to streamline oil and gas extraction operations through heightened precision, diminish expenditures, and prolong usable lifespans of reservoirs, perhaps maintaining the competitiveness of carbon-intensive fuels alongside decreasing renewable energy costs—a result preferable to export-dependent economies. In 2017, the UAE appointed the world's first minister of AI, underlining its emphasis on technology as a key engine for growth. In Mar'24, the MGX Technology Investment Company was established by Abu Dhabi and announced its AI investment plan for 2017. On 17 Sep'24, MGX said they would partner with U.S. asset manager BlackRock and Microsoft to set up a $30 billion fund investing in data centers and infrastructure related to them. Regarding AI being utilized in development, the Middle East is no exception as many countries have embarked on this trend to diversify economies (as a region traditionally dependent heavily on oil exports). The UAE is particularly unique within OPEC, as it has been more proactive about setting up a governance model that focuses on AI, whereas, for KSA, the use of AI is more about managing its current production.

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Despite geopolitical turmoil and economic uncertainty in 2023, technology investment continued to grow significantly, underlining a common belief that the world’s greatest innovations have been born in times of great economic and political stress. With this in mind, Verdict looks at some of the top technology investment trends to watch in 2024. AI and cloud computing are both driving the development and adoption of the robotics industry. According to GlobalData Technology forecasts, the global robotics market was valued at $63bn in 2022, and will grow at a CAGR of 17% to reach $218bn by 2030. The service robot market will reach $67.1bn by 2024, according to GlobalData, up 28% from 2023 and will be the biggest factor driving the growth of robotics in 2024, according to the research company. Discover more via Mining Technology & MINE Magazine> https://lnkd.in/eHdZNGHu #Robotics #Automation #Mining #Technology #AI #CloudComputing #Investment #Growth #Innovation

Who Will Lead The Next Tech Revolution? Could It Be AI-Powered Critical Mineral Startup Kobold Metals? 💻🔎 In a recent reveal, it's been reported that AI startup Kobold Metals has successfully raised a staggering $491 million of a targeted $527 million in funding, skyrocketing the company into potential $2 billion valuations! As leaders in utilizing intelligent technology to uncover critical mineral resources, could Kobold Metals be our industry trailblazer? This news doesn't come as any surprise though. With Artificial Intelligence rapidly becoming the key component of tech innovation across industries and globally acclaimed platforms like Bridgewise leading venture growth – seems like we're set for an exciting future. AI incorporation is not just taking tech strides anymore; it's leapfrogging competition. Here at Bridgewise, we're working closely with such game-changers: transforming dream visions into reality while empowering startups with expertise and insights. Our global corporate network consists of 160K+ top decision-makers from Strategy to Business Development & M&A sectors – all contributing towards boosting your success! 📈 Aiming to accelerate your innovation or expand business horizons in Europe or the United States? We're here to outpace the competition together and explore exciting expansion opportunities for you! Let’s ignite entrepreneurial excellence within this drive for tech enhancement. To learn more about how innovative tech startups can reshape our industries' landscapes visit - https://lnkd.in/epGZddFp #TechRevolution #AI #ArtificialIntelligence #Innovation #Bridgewise #StartUpGrowth #ExpansionOpportunities #BusinessDevelopmentStrategyAndMandA ##KoboldMetalsFundingRound #$2BillionValuation

"What this means is that a typical deep tech company might have needed tens of millions of dollars to prove out something meaningful 20 years ago, single digit millions 10 years ago, and only hundreds of thousands today." - Leo Polovets of Humba Ventures What this means in oil and gas from Leo Polovets excellent article is that concepts that may have not been economically feasible in the past are now possible. Continued enhancements in computing power, when utilized within the safety of our OT environments, will result in the ability to run more advanced algorithms to operate our physical oil and gas infrastructure (i.e. pipelines, gathering systems, oil fields, etc) and drive real time, time series data connectivity. What this looks like in the oil and gas pipeline/midstream sector is: 1. Adaptive cruise control functionality (pipeBOT + maxOPT) for pipeline control room operators, resulting in 1 to 7% increased volumetric throughput. 2. A dashboard with the Actual VS Planned volumes updated in real time for inform commercial teams of opportunities to maximize profits. Can you imagine not having real time insights into your bank account? That would be weird right? Unfortunately, for many executives and commercial teams in Oil and Gas Midstream Sector, we do not have access to real time actual vs planned volumes delivered via real time dashboard, meaning that we do not know in a timely fashion if/when there is an opportunity for SPOT volume shipments, meaning lost opportunity for top line revenue generation. As Leo Polovets points out, the technology is now there to operate our energy infrastructure efficiently and given we are in the beginning stages of the energy transition - efficiency is how we will have the most immediate impact to mitigate climate change. CruxOCM #cruxocm #codingvc #oilandgas #energy #pipelines #oilpipelines #controlroom #crm #ripa #autonomouspipeline #futurecontrolroom #advancedcontrolroom #climatechange #effeciency #green #climatetech https://lnkd.in/eS862Uc4

Saudi Arabia is stepping up its game in the technology industry by creating a massive fund to invest in Artificial Intelligence (A.I.) technology. According to the New York Times, this move has the potential to make Saudi Arabia the largest player in the A.I. market. This is a bold move that shows the country's commitment to staying ahead of the curve in the rapidly advancing field of technology. It is clear that Saudi Arabia is positioning itself to be a major player in the global tech industry and this investment in A.I. is just the beginning. As A.I. continues to revolutionize industries across the globe, it will be interesting to see how Saudi Arabia's investment in this technology will impact the country's economy and influence the global market. Stay tuned for more updates on this exciting development. Read more about Saudi Arabia's investment in A.I. technology here: https://lnkd.in/gyyxVbPG

Plans for a $70-billion project to build the world’s largest artificial intelligence (AI) data centre were unveiled today, marking a bold step in Alberta’s push to become a global leader in AI innovation. Dubbed “Wonder Valley,” the proposed data centre is set to be built in the Municipal District of Greenview, an area south and east of Grande Prairie. The ambitious initiative led by O'Leary Ventures in collaboration with the Municipal District of Greenview No. 16, aims to position Alberta as a hub for advanced AI infrastructure and innovation. While details are not yet known on which companies are involved in the project, CSV Midstream Solutions stated late Monday night it had collaborated with O’Leary Ventures. The announcement follows Alberta’s recent strategy, “Powering the Future of Artificial Intelligence,” unveiled last week by the province's Technology and Innovation Minister, Nate Glubish, to establish the province as North America’s premier AI data centre hub. Learn more ⤵️