Saudi Arabia's $40B AI Fund, and More
March 26, 2024

Saudi Arabia's $40B AI Fund, and More


Happy Tuesday! We're back with another roundup of the latest news in gaming, AI, cloud computing, and crypto. Let's dive in.


Sequence and Google Cloud Simplify Web3 & NFT Game Development

Sequence has partnered with Google Cloud to make developing Web3 games and integrating NFTs easier than ever before on Google's cloud infrastructure.

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Asian Investors Pour Billions into Blockchain Gaming

A new report highlights how Asian investors are dominating blockchain gaming investments, contributing 55% of funding to revolutionize digital asset ownership and monetization in games.

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Yield Guild Games Evolves into Infrastructure Protocol

Yield Guild Games, the largest player guild in Axie Infinity, is transforming into an on-chain protocol to support guilds across multiple blockchain games.

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Solana DeFi Targets Circle and Tether's Stablecoin Dominance

New Solana-based DeFi projects like Mrgn and Jupiter are launching dollar-pegged stablecoins to challenge USDC and Tether's control over the $3B stablecoin market.

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SEC Delays Decision on Grayscale's Ethereum Futures ETF

The SEC has extended its deadline to approve or reject Grayscale's proposed Ethereum futures ETF to May 30 as it continues evaluating the application.

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Worldcoin Publishes Core Eye-Scanning Tech Code

The Worldcoin Foundation has open sourced key components of its Orb iris-scanning technology used to establish unique human identity on its blockchain in a push for transparency.

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Elon Musk's Grok AI Model Released as Open Source

Elon Musk's xAI has released the code, weights, and architecture of its Grok-1 language model under an open-source license, fostering transparency and collaborative development.

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Saudi Arabia Plans $40B AI Investment Fund

Saudi Arabia is reportedly working with US venture capital firms like Andreessen Horowitz on a massive $40 billion fund to invest in artificial intelligence companies and research, potentially making the kingdom a key global player in the AI race.

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Apple Unveils Multimodal AI Model Capable of Computer Vision

Apple has released MM1, a multimodal AI model that can process and reason about both images and text, enabling potential enhancements to Siri and other Apple services.

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Cloud Computing

World's First Algae-Powered Data Center Launches in France

French cloud provider Data4 and the University of Paris-Saclay have partnered to launch a prototype data center that will recycle server heat to grow algae for energy production.

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Suspected Sabotage Highlights Undersea Cable Vulnerabilities

Unconfirmed reports of Houthi forces damaging undersea internet cables linking Europe and Asia raise concerns about the vulnerability of critical infrastructure that carries 95% of intercontinental internet traffic.

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AWS Opens Generative AI Development Studio in Melbourne

Amazon Web Services has launched a new Builder Studio in Melbourne to help Asia-Pacific customers build applications using generative AI, machine learning, and related technologies.

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And that wraps up this week’s DCI news. Stay tuned for more updates as we continue to keep

our finger on the pulse of all things gaming, cloud, AI and Web3!

Until next week!

Team Aethir

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