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The Cyberport Venture Capital Forum 2024 empowers seasoned investors, start-ups and market leaders to unlock more opportunities in AI and Web3

SCMP LogoSCMP5h ago

The Cyberport Venture Capital Forum 2024 empowers seasoned investors, start-ups and market leaders to unlock more opportunities in AI and Web3 - SCMP

Quick Summary:

The sector has matured from a developing community to a budding industry, which will continue to grow and receive more attention from investors.  VC funding for Web3 startups is stabilising after a year-long decline in 2023, with crypto ventures securing some US$2 billion in financing in Q2 2024.

Moreover, one of the top healthcare deals this quarter was AI-driven, raising US$1 billion in Q2 2024.  Apart from AI, more VC investors recognise the power of Web3 as an increasing number of developers build decentralised applications, or dApps, and crypto bounces back.

More crucially, it marked the second consecutive quarter of growth following a year of decline.  AI-related companies accounted for 37 percent of total VC funding in Q2 2024, with a single deal topping US$6 billion.


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Article Details

Author / Journalist: Advertising partner

Category: Business

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 17:05:06 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1175 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23034803

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 9 posts per day

Year Established: 1903

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News Last Updated: 4 hours ago

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Publisher ID: #42

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