News

According to Odaily, Dragonfly Capital has announced the completion of its fourth fundraise, totaling $650 million. Rob Hadick, partner at Dragonfly Capital, stated that this round of fundraising benefited from early investments in projects such as Polymarket and Rain. Dragonfly Capital was co-founded by Alex Pack and Bo Feng in 2018 and is currently led by Haseeb Qureshi and Tom Schmidt. Tom Schmidt pointed out that the form of tokens in the crypto industry is shifting from application-native tokens to tokenized products representing real-world assets, and that the growth of digital-native currencies from zero to a trillion-dollar scale within ten years is a long-term structural trend.

Glonghui, February 18｜Arthur Mensch, CEO of French artificial intelligence (AI) startup Mistral, stated on Wednesday (February 18, local time) that more than 50% of the software currently used by enterprises could be replaced by AI. Mensch said during a break at the India AI Summit: “I believe that more than half of the SaaS software currently purchased by IT departments will shift to AI.” “AI is enabling us to develop software at lightning speed.” Investor optimism about the AI boom has fueled a bull market in the U.S. stock market over the past three years, but recently the market tone has shifted to concerns over AI’s disruptive potential. In January this year, AI star company Anthropic launched the AI collaboration tool Claude Cowork, triggering a sell-off in software stocks. The iShares Expanded Tech-Software Sector ETF (whose major holdings include companies such as Microsoft and Salesforce) has fallen by more than 20% so far this year.

Glonghui, February 18th｜Uber stated that the expansion of charging hubs will start in the San Francisco Bay Area, Los Angeles, and Dallas in the United States. DC fast charging stations will also be built at convenient parking locations in key cities. More than $100 million will be invested to develop new high-capacity electric vehicle charging hubs, and a utilization guarantee agreement has been reached in cooperation with ChargePoint operators in global markets.