DATA MINING TECHNOLOGIES

Data-driven deep tech VC

Data Mining Technologies is a data-driven emerging
early-stage venture capital fund with bases in Limassol and London.


As ex-founders Alchemist alumni with scientific training
and backgrounds in finance and asset management,
we leverage our experience to support promising ventures in
disrupting industries and driving innovation forward.


Our investment approach focuses on providing
$20k-50k per deal, complemented by small opportunistic
angel-style investments and up to $1.5M syndicates.
We prioritize experienced founders, TOP5 accelerators alumni,
tackling challenging problems in FinTech and DeepTech.

Focus

GPU Audio
Zero Avia
Torus
Stackt
xRobotix
HyPoint
Jurby

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China’s ByteDance has purchased $1 billion worth of Nvidia GPUs for AI this year


22 June, 2023 — Chinese tech giants, including ByteDance (the company behind TikTok), Tencent, Baidu, and Alibaba, have significantly increased their purchases of Nvidia GPUs for AI applications.

ByteDance alone has already ordered around $1 billion worth of Nvidia GPUs in 2023, surpassing the total Chinese market’s orders from Nvidia in 2022. The Chinese companies are rushing to pre-order GPUs before government sanctions take full effect.

This increased demand for Nvidia’s HPC products highlights China’s determination to not fall behind in the field of AI and its strategic importance for economic growth and state control.


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