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SingularityNET Raises $36 Million in ICO for AI Blockchain – Wall Street Newscast

#artificialintelligence

AGI (Artificial General Intelligence) tokens will act as fuel of SingularityNET ecosystem. AGI tokens will let anyone buy and sell AI/machine learning services from around the world via SingularityNET marketplace. SingularityNET wants to open the AI market to the entire world by enabling individuals, developers, small companies and organizations to buy and sell AI services and machine learning tools easily. SingularityNET Foundation operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions, but shared by all. Demand for AI and Blockchain As everyone focuses on the wild run in Bitcoin the real story unfolding is the high demand for anything related to artificial intelligenece (A.I.) and blockchain.


Silicon Valley Daily YayPay Raises $5.3 Million in Funding

#artificialintelligence

Fintech startup YayPay has raised $5.3 million in funding led by QED Investors along with co-investors Birchmere and Fifth Third Capital, the direct equity investment subsidiary of Fifth Third Bancorp, with support from 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, and Zelkova. The funding will aid YayPay's drive to bring automation to the back-office finance operations of mid-sized enterprises. YayPay will use the funding to grow headcount, pursue product development, and increase sales activities. "With modern software powered by machine learning, we aim to turn finance teams into revenue heroes by giving them workflow tools that finally match in robustness those used by their sales and marketing departments. The funding puts YayPay at a major inflection point in which we can now recruit more great talent, roll out a full suite of intelligent order-to-cash automation software, and accelerate sales activities," said Anthony Venus, co-founder and CEO of YayPay.


Bloq Acquires Skry, Supercharges Blockchain Analytics With AI and Machine Learning

#artificialintelligence

Bloq, a provider of blockchain technology solutions for global enterprises, announced that it has acquired Skry (formerly Coinalytics), a pioneer in blockchain analytics, to accelerate the development of its analytics capabilities and open the door for Artificial Intelligence (AI) on its platform. With the acquisition, Bloq wants to enhance its suite of analysis tools and position itself to maximize the value of blockchain data sets through AI and machine learning. The Chicago-based company focuses on solving key business issues surrounding security, provenance, authentication and reconciliation. The new acquisition, whose detailed terms haven't been disclosed, includes Skry's intellectual property and team, which seems a perfect fit for Bloq's focus on empowering better visibility and decision-making in a multi-blockchain, multi-network world. "Financial institutions will need a full suite of tools to take blockchain [technology]'s role from high-tech database to business-driver," Bloq's Co-Founder and Chairman Matthew Roszak explained to Bitcoin Magazine.