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After the earthquake of ChatGPT's phenomenal success a year ago, Silicon Valley investors have gone into overdrive with artificial intelligence, looking for the newest blockbuster idea in an ocean of hype and overpromising.Stung by the struggles of cryptocurrency and other faded Silicon Valley fads of recent years, venture capitalists have quickly doubled down on AI, a new promised land in the never-ending quest for big tech riches. ....
Cathay AfricInvest Innovation Fund (CAIF), a Pan-African fund launched via a partnership between AfricInvest, a multi-asset investment platform in Africa and Cathay Innovation, a European-born but global-focused venture capital firm, has achieved a final close of €110 million. Just last week, Cathay Innovation announced that it was targeting to raise €1 billion for its third fund […] ....
Global venture capital firm Cathay Innovation has announced its third fund, targeting €1 billion ($1.05 billion) at a broad gamut of companies and technologies around the world. With Fund III, Cathay Innovation launches what will surely be one of the largest multi-stage VC funds to emerge from Europe once it closes, encompassing series A, B, and […] ....
Fund III marks one of the largest multi-stage venture capital funds investing in technologies key to the next 10-year transformation of industries from healthcare, finance, consumer, mobility, logistics ....