Shara Senderoff and Aaron McDonald, the co-founders of Futurverse, a company specializing in AI and metaverse, have launched a new venture fund and studio called "Born Ready" with a $50 million investment. The fund will invest in emerging technology ventures that have collaboration potential with either Futurverse or metaverse blockchain The Root Network. Born Ready has already invested in several firms, including FCTRY Lab, Power'd Digital, Polemos, and Walker Labs. The firm plans to introduce an accelerator program soon and has previously raised $54 million in a Series A round. Meanwhile, Web3 and crypto venture capital funding have fallen 79% YoY to $779 million over 62 deals in June, with almost all of the new funding going to blockchain infrastructure projects.

Berlin-based proptech startup dao has secured €1.5m in pre-seed funding from investors including wefox's Julian Teicke and Kaufland e-commerce's Gerald Schönbucher. The funds will be used to expand the company's operations and development efforts. Co-founded by Jona Schaeffer and Mavi Teicke, dao uses AI to automate administrative tasks such as contract handling and bookkeeping, and combines technology with operations to provide property management services.

Inworld AI, a video game developer focused on using AI to create more interactive non-player characters, has closed its latest funding round, bringing its total valuation to $500 million. The round was led by Lightspeed Venture Partners and included contributions from Stanford University, Samsung Next, Microsoft's M12 fund, Eric Schmidt's First Spark Ventures, and LG Technology Ventures.

Legislators at both state and federal levels are introducing bills to protect performers from being replaced by artificial intelligence (AI) in film and television productions. Two bills in New York, Senate Bill S7422 and Assembly Bill A7634, would prohibit production companies from using AI if they seek the Empire State Film Production Credit. Meanwhile, House of Representatives Bill H.R. 6553, known as the AI Jobs Act of 2022, would require the Secretary of Labor to research and report on AI's impact on the American workforce. The bills emerge as negotiations between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resume, with AI a sticking point.

Cyber Manufacture Co., an AI start-up company led by Chinese, announced the completion of tens of millions of dollars in financing. This round of financing was led by American technology tycoon and venture capitalist Vinod Khosla, and the old shareholder Synergis Capital followed. According to reports, the company released the AI technology preview Quantum Engine in January 2023. Users can use natural language to interact with NPC characters, and AI will generate real-time plot interactions. At present, relevant technology accumulation is being used to develop the next-generation AGI-based operating system OS2 .

Tech firms including GitHub, Hugging Face, and Creative Commons have written an open letter urging the European Union to ease upcoming rules for open-source artificial intelligence models. The letter argues that regulating upstream open-source projects as if they are commercial products or deployed AI systems would hinder open source AI development. The group provided five suggestions to ensure that the AI Act works for open source models, including defining AI components clearly and clarifying that collaborative development on open source models does not subject developers to the bill requirements. The European Parliament passed the Act in June, and the next step involves individual negotiations with members of the EU to smooth out the details.

Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, has stated that AI-powered DAOs (decentralized autonomous organizations) will transform the way economic entities are structured and funded. Traditional company structures are not well-suited for AI-driven entities, which do not have physical bodies and cannot be coerced or punished by state-enforced contracts. Instead, AI DAOs will use smart contracts on public blockchains to provide services for a fee, allowing them to be self-governing and enforce their own rules. Hayes predicts that DAO capital markets will become the first truly global markets, with decentralized exchanges dominating the trading of various DAO-issued tokens. He believes that the future AI-powered economy will grow into a market of trillions of dollars within the next decade, leading to a surge in the price of Ethereum's native tokens.