August 13 - 09:08
Bitfury launches AI division
Bitfury, the blockchain firm recently valued at more than $1 billion, has inaugurated an artificial intelligence (AI) unit. CEO Valery Vavilov said the need to find value in data drove Bitfury to work on AI. Fabrizio Del Maffeo has been appointed head of the new division. Bitfury is known to be considering an IPO within the next two years which could see it valued at up to $5 billion.
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