Key Points:
The venture capital firm is working on this fundraiser with many sovereign and institutional investors, corporate leaders, and influencers across EMEA, APAC, and the United States.
According to Mark Yusko, General Partner at Morgan Creek Digital, the event was strategically interested in breaking into the international space, using Web3’s global reach to meet some of the finest CEOs and partners. The company considers EMEA and APAC key regions for the future of technology, with huge investments expected to go into AI and blockchain technologies.
A new fund targeting what Yusko calls the “ABCDs” of Web3 will invest in companies combining AI, Blockchain, and advanced chips to tap into value from data. Investments in cross-industry technologies at Morgan Creek Digital favour high-performance chips in areas suitable for AI training in data centres or cryptocurrency mining.
Read more: Agoric Unveils Orchestration for Next-Gen Web3 Applications
Morgan Creek Digital highlights extensive projections for AI and digital technology investment growth across APAC and EMEA. Nations in APAC are likely to almost triple the 2021 investment in generative AI to $3.4 billion by 2024, while in EMEA, digital AI budgets would surge 40% by 2025, representing as high as a net new investment of $30 billion.
Yusko focused on the rise of the Middle East as a hub for cutting-edge technology, underpinning the region’s ability to be a game-changer in only the global technology world.
Morgan Creek Digital has raised over $440 million since its inception in 2018 and invested in about 80 equity positions, placing it among the most active investors in transformative technology companies.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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