IBM Targets AI Breakthrough with $500 Million Investment

• IBM has launched a $500 million fund to accelerate generative AI adoption in enterprises, signaling growing business demand
• Vietnam startup Ninety Eight created a $25 million fund to support Web3 and blockchain startups in Asia, establishing Vietnam as a leader
• Generative AI and Web3 are enabling a new wave of business innovation and productivity gains in enterprises of all sizes globally

Generative AI is transforming businesses and unlocking productivity. As consumer-focused generative AI grabs headlines, enterprise-level solutions are quietly powering a revolution.

IBM Launches $500 Million Fund for Generative AI

IBM has launched a new $500 million fund focused on accelerating generative AI for enterprise use cases. The IBM Enterprise AI Venture Fund will invest in startups working on transformational generative AI across industries. This move follows IBM’s recent participation in a $235 million funding round for Hugging Face.

Vietnam Emerges as a Web3 Leader with New $25 Million Ecosystem Fund

Vietnam is fast becoming a global leader in cryptocurrency adoption and Web3 innovation. To further accelerate this, Vietnamese startup Ninety Eight has launched a $25 million fund. The capital will help Asian startups build on Ninety Eight’s blockchain infrastructure and tap into Vietnam’s burgeoning crypto economy. Ninety Eight aims to overcome the obstacles often faced by early-stage firms in the region.

Conclusion

From IBM to scrappy Asian startups, generative AI and Web3 are unlocking a new wave of business innovation. As these technologies mature, enterprises small and large are leveraging their transformative potential to drive productivity and growth. The future looks bright for generative AI, blockchain and the entrepreneurs boldly building businesses around these emerging technologies.