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Solidus AI Tech Secures New Boost From High-Profile Investor The Bitcoin Man

In addition to his numerous philanthropic and professional achievements, Sim has an MBA from the University of Wolverhampton, UK, and a BA in Mass Communications from Oklahoma City University, USA.Premium
In addition to his numerous philanthropic and professional achievements, Sim has an MBA from the University of Wolverhampton, UK, and a BA in Mass Communications from Oklahoma City University, USA.

Solidus AI Tech (AI-Tech.io), the company behind the world’s first artificial intelligence utility token – AITECH, announced that notable blockchain industry venture capital fund ‘The Bitcoin Man’ has invested a substantial, undisclosed amount into the company

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The Artificial Intelligence (AI) market was valued at USD 58. 15 billion in 2021 and is expected to reach USD 271. 48 billion by 2027, registering a CAGR of 31. 45% during the forecast period 2022 – 2027, in a recent report by ReportLinker.

Here at LiveMint, with our research team, we see the investment trends moving towards companies in the AI industry. Today, we received news that Solidus AI Tech (AI-Tech.io), the company behind the world’s first artificial intelligence utility token – AITECH, announced that notable blockchain industry venture capital fund ‘The Bitcoin Man’ has invested a substantial, undisclosed amount into the company, and the founder of the VC fund, Herbert Sim himself will be joining the company as an advisor.

Speaking to LiveMint about the investment and appointment, Solidus AI Tech founder Paul Farhi said: “Herbert Sim will be a great asset to the team. He brings with him an astonishing wealth of knowledge in the crypto space, and he is a true champion of bitcoin and its underlying technology- Blockchain. He’s a laser-sharp, pragmatic businessman and visionary who has a deep respect for what we’re trying to achieve here at Solidus AI Tech. He’s also a philanthropist. And those are just some of the reasons why he is so highly respected in our industry. We’re very pleased to have him on board, and I have no doubt he will very soon have a significant impact here."

Speaking about the investment, ‘The Bitcoin Man’ founder Herbert Sim said: “Solidus AI Tech eco-friendly High Performance Computing (HPC) data centre and its Infrastructure-as-a-Service (IaaS) platform where Governmental Authorities, Megacorps, SMEs, Professionals, Metaverse and Play2Earn projects will be able to purchase Artificial Intelligence services and High Performance Computing Power seamlessly with the AITECH token, is something that I foresee being widely received. The HPC infrastructure platform will power and address challenges, such as cost, speed, power consumption and security for trending technologies such as the metaverse world, and Play2Earn games. The company is also set to launch its very own Meta BattleBots NFT collection (metabattlebots.com) for their currently under development Play2Earn Metaverse game built on Unity’s latest Unreal Engine 5 which will be powered by our high performance computing data centre. An exciting roadmap and journey ahead."

Sim’s pedigree is impressive: a public, verified ‘blue tick’ figure across all major social media platforms – Facebook, Twitter, Instagram (by the handle of @HerbertRsim) in the Blockchain industry, Sim was global operations director at HUOBI, one of the leading cryptocurrency exchanges in the world (in 2018, the company became a publicly listed Hong Kong company) and he was also Chief Marketing Officer of Russian digital asset trading platform - Cryptology. Sim led the business development team at Hong Kong-based Broctagon Fintech Group, which provides end-to-end blockchain solutions (including enterprise protocol development, crypto exchange setup and token listing services), deep institutional liquidity and comprehensive system security testing.

In addition to his numerous philanthropic and professional achievements, Sim has an MBA from the University of Wolverhampton, UK, and a BA in Mass Communications from Oklahoma City University, USA.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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