Cyberport Venture Capital Forum 2024 Highlights Trends in AI and Web3

Cyberport Venture Capital Forum 2024 Set to Inspire Innovation

South China Morning Post emphasizes that the Cyberport Venture Capital Forum 2024, taking place on October 24-25, will deliver crucial insights for seasoned investors. VC-backed firms noticed a significant rebound, raising US$42.9 billion in Q2 2024, a 29% rise from Q1. AI-centric startups, commanding 37% of VC funding, demonstrate the sector's potential.

AI and Web3: Driving Forces in the Investment Landscape

• AI Technologies continue to attract significant VC investment, with IT making up nearly 50% of funding.
• Web3 shows stabilization after previous declines, securing US$2 billion in Q2 2024 alone.
• Experts predict continued growth in China's economy, spurred by government support for tech advancements.

The forum will focus on building collaborative opportunities among investors, startups, and experts to harness emerging tech potential. Each session aims to provide actionable insights into capitalizing on trending technologies.

Innovations Shaping the Future

Attendees can look forward to hearing from panelists including Kang Shen, who emphasizes the need for practical business applications leveraging blockchain. The intersection of AI and Web3 signifies a shift toward more practical applications within business operations.

This year’s forum theme, “Innovation Challenger: Building New Venture Visions,” serves as a rallying call for all stakeholders to rethink strategies in investing and collaboration.