The blockchain transactions and artificial intelligence company Bitfury, founded by a resident of Riga and working with bitcoin, plans to invest one billion US dollars (€925,430,000), reports Fortune magazine.
One billion will be invested in ethical companies in the fields of artificial intelligence, quantum computing, and decentralized systems.
$200 million (€185,086,000) will be invested in 2026, with the remaining funds distributed in subsequent years.
Bitfury continues to form a list of companies it plans to invest in. Potential recipients of investments must operate in the field of artificial intelligence, quantum computing, or decentralized systems.
Co-founder Valery Vavilov emphasized that such technologies will be crucial in the future, especially considering the growing prevalence of artificial intelligence avatars, which complicate the recognition of real people.
Founded by residents of Riga in 2011, Bitfury initially focused on bitcoin mining but has now also concentrated on the field of artificial intelligence. The company has offices in the USA, Georgia, Hong Kong, Canada, Kazakhstan, the UK, the Netherlands, Norway, and Ukraine.
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