Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. The Beam Foundation is pleased to announce its plans to launch Beam Ventures in Abu Dhabi, the first venture fund focused exclusively on gaming from ADGM. The $150 million gaming fund aims to accelerate promising founders and contributing to Abu Dhabi’s transformation into a global gaming hub.Beam Ventures is strategically positioned at the intersection of blockchain, gaming, and artificial intelligence. Stimulating innovation in these fields, Beam Ventures aims to collectively redefine gaming experiences and drive growth within the industry

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Aethir, which provides under-used graphics processing units (GPUs) to decentralized companies, announced a $40 million initiative to launch Tactical Compute (TACOM).Together with its partners Beam Foundation (through its wholly-owned subsidiary, Beam Investments) Sophon Foundation and Permian Labs, Aethir will set up TACOM to address the global surge in demand for scalable compute infrastructure by leveraging decentralized technology to bridge traditional compute economics with tokenized and distributed solutions.The increasing demand for AI-powered consumer applications, adaptive gaming experiences, and decentralized systems requires unprecedented levels of computing power, with the global AI infrastructure market projected to exceed $197.39 billion by 2030. In today’s global market, there can be a shortage of GPUs to buy for new enterprises, but big enterprises with an excess of GPUs may want to offload them to a provider like Aethir, which can find customers that need to use those GPUs. TACOM is meant to accelerate these kinds of pairings or handoffs.“The Web3 side of the industry has seen a plethora of new AI startups that have managed to raise capital but it has been a struggle for them to get access to high-performance compute on demand,” said Daniel Wang, CEO of Aethir, in an interview with GamesBeat. “We realized there were a lot of compute providers that wanted to onboard into the ecosystem, and there’s a lot of AI-specific deals whose primary need was compute. If you look at OpenAI’s and raise from Microsoft, most of that was in shared credits