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Morgan Creek Digital, a North Carolina-based hedge fund, is spearheading a new initiative to raise $500 million for a fund dedicated to artificial intelligence (AI) and blockchain technologies. The hedge fund’s strategic vision is centered on the intersection of these two cutting-edge sectors, particularly focusing on early-stage companies that harness AI’s potential in conjunction with blockchain and the high-performance chips essential for these technologies.
The Vision and Strategy
Morgan Creek’s ambition is to leverage the symbiotic relationship between AI and blockchain, targeting high-performance chips that can serve dual purposes, such as mining Bitcoin and training AI models. The hedge fund is engaging with a broad spectrum of partners, including sovereign and institutional investors and corporate leaders from diverse regions like Europe, the United States, the Middle East, Africa (EMEA), and Asia-Pacific (APAC). This global outreach is aimed at tapping into the burgeoning technological advancements and investment opportunities within these regions.
Mark Yusko, General Partner at Morgan Creek Digital, emphasized the significance of international markets in their strategy, noting the pivotal role of Web3 in expanding their global footprint. Yusko pointed out that regions like the Middle East are poised to become leaders in tech investment, especially in AI and blockchain, due to their substantial financial commitments to these fields.

Regional Investment Insights
Morgan Creek’s analysis suggests that the APAC and EMEA regions are on the cusp of a significant investment surge in generative AI and blockchain technologies. The firm forecasts that APAC could see investments in these areas triple, while EMEA might experience a 40% increase in capital flow, potentially adding $30 billion in new net investment by the following year. This anticipated growth is a strong indicator of the regions’ commitment to leading the next wave of technological innovation.
The Crypto VC Market Resurgence
Morgan Creek Digital’s fundraising effort comes at a time when the crypto venture capital market is witnessing a resurgence. After a lull in consecutive quarters post-2022, early 2024 has shown a robust rebound. The first quarter of 2024 alone saw $2.5 billion raised across 603 deals, and the second quarter saw an even higher amount of $3.2 billion, albeit with fewer deals. This revitalization is largely driven by renewed investor interest and the fear of missing out (FOMO) on potentially lucrative opportunities in a predicted bull market.
Key Takeaways
- Cross-Sector Innovation: Morgan Creek Digital’s fund aims to invest in technologies that bridge AI and blockchain, particularly in high-performance chips.
- Global Engagement: The hedge fund is actively seeking partnerships across multiple regions to capitalize on diverse market potentials.
- Regional Growth: Significant investment growth is anticipated in APAC and EMEA, with substantial financial commitments expected in AI and blockchain sectors.
- Market Rebound: The crypto venture capital market is showing signs of a strong recovery, with substantial funds raised in early 2024.
Morgan Creek Digital’s strategic approach to raising $500 million for AI and blockchain investments underscores the growing importance of these technologies in shaping future economic landscapes. By focusing on early-stage companies that exploit the synergies between AI and blockchain, and engaging with global partners, Morgan Creek aims to position itself at the forefront of technological innovation and investment growth.
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