Cryptocurrency #investors invested $213 million in AI-related projects in the third quarter of 2024, according to a report by #Messari .
This is a 340% increase from last year's figure and a 250% increase from the previous reporting period.
The investments are in various sectors like decentralized platforms, social networks, DeFi, #DePIN and others.
âWhile total venture capital funding in Q3 2024, at $3.8 billion, is down slightly from previous quarters, the strong focus on AI and DePIN suggests that venture capitalists are positioning themselves for long-term growth in sectors that they believe will define the next phase of the crypto industry,â the experts said.
Outside the digital asset sector, total investments in generative AI amounted to $3.9 billion in 206 deals. Such data is cited by PitchBook, TechCrunch writes. However, it does not take into account the #OpenAI deal, which in early October attracted $6.6 billion at a valuation of $157 billion.
Interest in $AIis growing
Discussions of AI-related topics grew by 50% in October.
The positive dynamics was recorded amid the growth of #Nvidia shares to a new historical maximum. The company is one of the key beneficiaries of the AI boom thanks to sales of its chips for technology-oriented startups.
In August, Binance Labs Investment Director Max Coniglio explained the reasons for the company's plunge into the AI sector.
