TechInsight360

TechInsight360   Ever since OpenAI launched the generative AI tool in the form of ChatGPT and Microsoft invested US$10 billion to take up the competition with Google, artificial intelligence has emerged as a hotbed for tech giants. From Meta to Google and Tencent, everyone is jumping on the AI bandwagon to drive the next growth phase for their businesses. Now, global investors such as SoftBank Group and Bessemer Venture Partners are also seeking to increase their investment in the area ofartificial intelligence , while also trying to improve their financials through these investments. In H2 2023 and H1 2024, SoftBank Group is eyeing significant investment in the area of generative AI. The announcement comes at a time when the firm had continued to post an annual net loss for the second straight year in fiscal 2022. The growth of the firm has been significantly affected by the slowdown in the global market, denting its shareholdings. For fiscal 2022, the

NFT marketplaces have over 100 million unique visitors each month, indicating a sharp increase in interest in the Web3 market. Web3 funding increased dramatically in 2022 despite the crypto bear market. TechInsight360 expects continued growth in the Web3 funding in the year 2023. The startups will continue to attract funds for innovations in development of Web3 technologies and streamlining process to augment adoption of Web3. A recent analysis by PayNXT360, reported a Y-o-Y increase of over 167% in funds raised by startups in 2022 over 2021. This was targeted at artificial intelligence, augmented reality, metaverse infrastructure and virtual reality. Read more at: https://www.techinsight360.com/view-point/venture-capitalists-continue-to-in/35 US-based Redeem, a Web3 technology provider, has streamlined the onboarding procedure by giving consumers the ability to use their phone numbers to send and receive non-fungible tokens (NFTs) using WhatsApp, SMS and Apple’s iMessage.