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More AI Compute Buildout, Uber's New Autonomous Investment, And Another Big Bank Trading Crypto

Uncovering the world’s most exciting early stage companies. Discover what’s next.

Coatue Is Backing The Build Out Of More Artificial Intelligence Compute

Coatue has announced they will invest $150 million into Hut8 (NASDAQ:HUT) to build out new infrastructure for artificial intelligence cloud computing and GPU hosting. Hut8 currently operates 19 different locations for both Bitcoin mining and artificial intelligence computing across North America.

Uber and Nvidia Are Backing A Canadian Autonomous Vehicle Startup

Waabi has raised $275 million in a new Series B financing round led by Uber (NASDAQ:UBER) and legendary Silicon Valley venture capital fund Khosla Ventures. Waabi already has multiple notable partnerships, including with Uber Freight to leverage self driving vehicle technology for commercial transportation and logistics.

One Of Britain's Biggest Banks Is Getting In On Bitcoin and Ethereum Trading

Standard Chartered has announced they will soon be launching a trading desk focused exclusively on trading Bitcoin and Ethereum. The move comes in response to the increased demand from institutional capital to have access to digital assets, which has been a rising trend following the first ever spot Bitcoin ETFs listing on major stock exchanges in the United States.

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