TechFlow reports that London-based venture firm IQ Capital has announced a successful fundraising of $400 million, which will be deployed to increase investments in "deep tech" sectors, including artificial intelligence, blockchain, and quantum computing. Max Bautin, co-founder and managing partner at IQ Capital, stated that deep tech companies are poised to deliver "transformative impact" in the coming years.
David Duong, Head of Institutional Research at Coinbase, also noted in a report that the intersection of artificial intelligence and cryptocurrency presents significant opportunities for entrepreneurs building in Web3. The report highlights that crypto projects involving AI models remain relatively rare, accounting for only 0.07% of the total cryptocurrency market capitalization.
