Apeiron Group and Porsche Family jointly establish SQD.AI Strategies AG, Europe's first AI investment firm

According to official news from Bijie.com, on June 6 (UTC+8), Christian Angermayer's Apeiron Group and Piëch Family Office (Porsche and Volkswagen family) established SQD.AI Strategies AG, Europe's first institution focusing on artificial intelligence investment. The institution was renamed from Heidelberger Beteiligungsholding AG and plans to invest 10 million euros in the decentralized AI data infrastructure protocol SQD. SQD.AI is one of the fastest growing decentralized data platform providers in the world, with revenue growth of more than 100% in the past 12 months. The company also plans to raise up to $50 million this year to purchase more SQD tokens. Other investors in SQD tokens include Peter Thiel (through Elevat3 Capital), Zee Prime Capital, Hypersphere and other well-known investment institutions. In the future, Clemens Jakopitsch will serve as chairman of the company's supervisory board and lead the company's strategic investment in the field of AI infrastructure. (Source: TechFlow)