Tuesday, 11 July 2023

A.I. and crypto hybrid Giza raises $3 million to bring machine learning to the blockchain

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A.I. is still riding high on hype, and some startups with a crypto bent are looking to feed off machine learning's buzz to raise capital, including the recently established Giza.

Founded in October by Cem Dagdelen, Fran Algaba, and Renç Korzay, the firm announced on Tuesday that it had received $3 million in a pre-seed round led by CoinFund. Other participants included StarkWare, TA Ventures, and Arrington Capital, the TechCrunch founder's venture capital outfit.


"The agreement, which will take effect immediately, ends the legal limbo for tech companies such as Meta and Google (NASDAQ:GOOGL) after two previous accords that established the legality of transatlantic data transfers were struck down in '15 and '20 by EU's top court due to concerns around US surveillance practices and privacy issues," the analysts commented.






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