Morgan Creek Digital plans to raise $500 million for a new venture fund, focusing on areas such as AI and blockchain

ChainCatcher news, according to Coindesk, Morgan Creek Digital plans to raise up to $500 million for a new fund focused on early opportunities in artificial intelligence (AI), blockchain technology, chips, and data.

Morgan Creek Digital stated that the company is in discussions with sovereign and institutional investors, corporate executives, and industry subject matter experts in Europe, the Middle East, and Africa (EMEA) as well as the Asia-Pacific region (APC) to expand its regional influence. Additionally, the company is also in talks with U.S. investors and partners.