Fun

News Feed - 2023-09-14 05:09:53

David Attlee28 minutes agoSecond-largest Thai bank creates $100-million AI fundThe fund, named KXVC, will target AI, Web3, and Deep Tech startups with a focus on the Asia-Pacific region.177 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksAccording to the press release published on Sept. 13, the fund will possess a $100 million investment budget with Krating Poonpol, a Chairman of KBank Business Technology Group, in charge of the enterprise. In Poonpol’s words:


Kasikornbank, or KBank, one of Thailand’s largest private banks, launched a flagship fund to invest in artificial intelligence (AI). The fund, named KXVC, will target AI, Web3, and Deep Tech startups with a focus on the Asia-Pacific (APAC) region. “KXVC will be a stepping stone for global founders to drive their business expansion in APAC with strong synergy with KBank and our partners.”


More precisely, KXVC is going to invest in consumer-focused AI, cybersecurity, AI/ML tools such as deployment platforms, data annotation and model optimization, and problem-specific AI startups. Within Web3, its investments will aim at Web3 infrastructures, nodes validators, RPC providers, middlewares, modularity technologies, privacy, ZKP, wallets, alternative L1/L2s, shared securities, LsdFi and consumerization of NFTs. 


Related:Thailand’s next prime minister Srettha Thavisin has crypto history


The fund plans to invest in over 30 startups and funds globally with geographic focuses in the United States, European Union, Israel, and APAC.


Kbank is not new when it comes to the digital economy. In 2021, it began experimenting with decentralized finance (DeFi) services as part of its business expansion plan. And back in 2018, the bank joined Visa’s blockchain-based B2B solution for cross-border payment transactions.


Kbank is the second-largest bank in Thailand in assets evaluation. By 2023, it was holding 3.6 trillion Thai Bhat, which is roughly $100 billion.


Magazine:Are DAOs overhyped and unworkable? Lessons from the front lines# Business# Banks# Thailand# Adoption# AIAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingAre NFT markets in a death spiral or ready for a resurgence?Ripple is staring down an opportunity to fix its closed system

News Feed

Topps Unveils New MLB Inception NFTs — Firm’s NFT Series Now Minted on the Avalanche Blockchain
Topps Unveils New MLB Inception NFTs — Firm"s NFT Series Now Minted on the Avalanche Blockchain The American firm that manufactures chewing gum, candy, and collectibles, The Topp
2 ‘Sleeping Bitcoin’ Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade
2 "Sleeping Bitcoin" Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade During the last week bitcoin’s USD value has shed close to 9% as it slipped fr
Crypto exchanges subject to EU Travel Rule in 6 months
Arijit Sarkar45 minutes agoCrypto exchanges subject to EU Travel Rule in 6 monthsNew EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30.1174 Total v
Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald’s Accepts Dogecoin
Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald"s Accepts Dogecoin Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal
Sega Might Drop NFT Experiments if Perceived by Gamers as a Money Grab
Sega Might Drop NFT Experiments if Perceived by Gamers as a Money Grab Sega, a leading videogame development company, has announced its new stance when it comes to the play-to-earn
FOHO Is Building a Transparent Fractional Ownership Marketplace
FOHO Is Building a Transparent Fractional Ownership Marketplace press release PRESS RELEASE. Toronto, July 19, 2021 – FOHO is building a transparent fractio
Curve Finance reduces CRV emissions, boosting DAO sustainability
Josh O"Sullivan11 hours agoCurve Finance reduces CRV emissions, boosting DAO sustainabilityCurve Finance’s CRV token emissions reduced to 137 million annually, while Curve DAO’s earnings surpassed emissions for the f
Bitcoin, Ethereum Technical Analysis: BTC Moves Above $28,500 as ETH Nears $2,000
Bitcoin, Ethereum Technical Analysis: BTC Moves Above $28,500 as ETH Nears $2,000 Bitcoin broke out of a resistance level of $28,500 on April 5, as crypto markets continued to reac
Over 1.9M Ethereum Positioned Between $1,457 And $1,598 – Can Bulls Hold Support?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin price feels FOMC friction as trader eyes trip to mid-$50K zone
William Suberg8 hours agoBitcoin price feels FOMC friction as trader eyes trip to mid-$50K zoneBTC price risks mount into a classic risk-asset hurdle, but optimistic analysis sees room for a deeper correction still prese
Call of Duty Mobile Includes a 100-Player Battle Royale Mode
Call of Duty: Mobile is set to launch on Android and iOS devices worldwide on Oct. 1, Activision announced late yesterday. The publisher is the latest to take the reputational weigh
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody Fidelity is planning a hiring spree to add ether trading and custody services to its c