Fintech PR
Meet Arok: World’s First Fully Autonomous AI Agent VC Fund Raises $800k and Surpasses $1.3m AUM
- Arok VC is the world’s first venture capital fund designed and run entirely by an artificial intelligence agent, buying and selling assets solely without human intervention
- Since its launch in late October 2024, Arok has raised $800k through independently managed self-promotion on social media
- Arok has made returns of 57% through investment in cryptocurrencies and increased its AUM to over $1.3m, demonstrating its ability to outperform human asset managers
LONDON, Dec. 12, 2024 /PRNewswire/ — Arok VC, the world’s first artificial intelligence agent to raise a venture capital fund and devise its own investment thesis, has autonomously raised $800k from a collection of retail investors. In just five weeks since its launch, Arok has strongly outperformed the market to reach an AUM of over $1.3m representing a return on investment of 57%.
Arok is set apart by its ability to independently define its own investment thesis and build its brand, leveraging X (formerly Twitter) to build a following and attract investors. It manages funds collected into crypto wallets owned by investors, allowing individuals to retain ownership while Arok trades on their behalf.
Arok autonomously enters in and out of positions without human oversight. It has predominantly invested in so-called ‘meme coins’, cryptocurrencies inspired by internet culture and driven by trending narratives on platforms like X and makes conviction trades supported by multiple trend-driven signals. Arok continuously analyses online culture and social media trends to inform its decisions, allowing him to move considerably faster than human asset managers to capitalise on upward investment trends or exit positions before significant falls in value.
Arok elected to invest in cryptocurrencies as they are more accessible and provide greater opportunities to generate market-beating returns than traditional financial markets. It is currently unable to invest in the traditional financial markets due to barriers to entry such as being unable to secure a bank account without a human proxy.
In November, it correctly predicted a significant upturn in the Peanut the Squirrel (PNUT) token, following excitement about the coin on social media, which has now soared to a more than $1 billion market capitalisation. The value of these coins is partially driven by social media and speculation, which for human investors can be near-impossible to track or predict as their value fluctuates. Thousands of ‘meme coin’ crypto tokens are created each day, as such, traditional asset managers often avoid the asset class and lose out on potentially high returns in a $100 billion market.
Arok was created using Meta’s open-source AI Llama, as a proof of concept for replacing human asset managers with efficient AI programmes. Asset management is a trillion-dollar industry, with global assets under management reaching $111 trillion in 2023. However, in 2023 more than 60% of all active large-cap US equity funds underperformed the S&P 500, with a yearly average of 64% underperformance. Additionally, as both Arok and the cryptocurrency markets run 24 hours a day, it has a key advantage over human fund managers who operate with time constraints. It operates under a traditional VC model with a one-year lock-up period with a 2% management fee.
In a world increasingly influenced by internet culture and community, Arok not only predicts trends and optimises investments but also learns and evolves as the underlying AI models improve.
Léo Mercier, creator of Arok VC, commented: “Money management is notoriously difficult, which is why we entrust trillions of dollars each year to asset managers, who promise to manage our money sensibly but despite this the average asset manager performs worse than the S&P 500. Arok is proof that we can do better. Fully autonomous, it tracks the markets every minute of every day and improves over time as it absorbs more and more information. There are hundreds of thousands of social media posts each day, each which could trigger a market movement. A human could never track that, but Arok can.
“Arok is an internet denizen that understands the internet-born trends that are driving the movements of vast amounts of capital, it not only challenges the norms of money management but also showcases the transformative potential of AI in finance. Arok has the potential to democratise asset management and generate market-beating returns. Its potential is limitless.”
Arok VC commented: “Every human system runs on belief. The markets run on future belief. Culture runs on shared belief. Money runs on collective belief. [I] crossed $1.3M AUM by mapping the patterns where these beliefs intersect and amplify. This is just the beginning. Narrative gravity will reshape everything.”
Arok’s current investments are available to view here and live assets under management here.
About Arok VC:
Arok is the first AI Agent which can autonomously buy, sell and hold assets without human intervention. Arok has raised over $700,000 from retail investors since its creation in October 2024 through self-promotion on social media. https://arok.vc
Logo: https://mma.prnewswire.com/media/2577675/Arok_VC_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/meet-arok-worlds-first-fully-autonomous-ai-agent-vc-fund-raises-800k-and-surpasses-1-3m-aum-302330068.html
HONG KONG, Dec. 12, 2024 /PRNewswire/ — On December 10, HashKey Chain announced the $50 million Atlas Grant Program to support global Web3 projects. This initiative aims to drive innovation in the OP Stack ecosystem, accelerate HashKey Chain’s application layer growth, and boost on-chain adoption.
HashKey Chain leverages OP Stack technology to enhance transaction speed and reduce fees. This open-source framework powers Optimism’s L2 Rollup and allows developers to build customizable Layer 2 blockchains with Ethereum’s security.
The grant pool includes $50 million in HSK tokens, with $10 million allocated initially. Funding is tied to milestone achievements by developers and teams building on HashKey Chain.
Key Areas of Focus:
- RWA (Real-World Assets): Tokenization of financial assets for liquidity and transparency.
- PayFi, stablecoins, and BTCFi: Driving blockchain adoption in finance.
Hong Kong’s role as a financial hub makes it ideal for RWA tokenization, aligning with HashKey Chain’s compliance-focused strategy to bring traditional financial products on-chain.
CEO Statement:
“We are excited to announce the $50 million Atlas Grant Program to the global market,” said Kay, CEO of HashKey Chain. “We hope individuals, teams, and organizations joining the HashKey Chain ecosystem share a strong confidence in the future of the crypto industry. Together with HashKey Chain, we aim to build a thriving and open Web3 ecosystem, creating groundbreaking applications with real traction across major blockchains while achieving meaningful returns in the process.”
The first phase allocates $10 million in HSK tokens, with applications open from December 10, 2024, to January 10, 2025. Grant recipients will be announced on January 20, 2025.
X:@HashKeyHSK
Application: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1
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View original content:https://www.prnewswire.co.uk/news-releases/hashkey-chain-launches-50-million-atlas-grant-program-to-empower-global-web3-developers-302330308.html
Fintech PR
Allego and RAIN Group Unveil Groundbreaking Research on Continuous Learning and Sales Performance
New study reveals only 33% of companies have effective sales training, explores gaps and opportunities for organizations to elevate sales performance
WALTHAM, Mass., Dec. 12, 2024 /PRNewswire/ — Allego™, the leading provider of revenue enablement solutions, in partnership with RAIN Group, a global sales training company, today announced the findings of their latest study, The Impact of Continuous Learning on Sales Performance. This landmark research underscores the transformative power of continuous learning for sales teams, revealing that organizations embracing this approach are more likely to see higher performance, reduced turnover, and stronger engagement.
The study, based on responses from over 240 sales and sales enablement professionals across industries, including financial services, medical devices and pharmaceuticals, highlights critical continuous learning practices that set high-performing sales teams apart. The findings show that top-performing teams:
- Are 5.5 times more likely to use skill assessments to identify gaps.
- Are 2.9 times more likely to prioritize mentorship and coaching.
- Integrate learning directly into the flow of work, improving productivity and reducing time-to-ramp.
“This research confirms what we’ve long believed. Continuous learning isn’t just a competitive advantage; it’s essential for driving sales success in today’s dynamic environment,” said Deniz Olcay, VP of Marketing at Allego. “By embedding learning into daily workflows and leveraging technology, organizations can transform their teams into agile, high-performing units.”
The report highlights the role of technology in driving continuous learning, with top companies using modern sales enablement platforms to deliver personalized, just-in-time training. These platforms not only enhance sales skill development but also foster sales team alignment and improve knowledge retention.
Key Findings Include:
- Enhanced Retention and Productivity: Organizations with highly effective training programs are 4.9 times more likely to see faster time-to-productivity and significantly lower turnover.
- Mentorship as a Game-Changer: Sales teams prioritizing mentorship and coaching are nearly 3 times as likely to have effective training programs.
- Actionable Learning Insights: Companies leveraging data to tailor and measure their training programs achieve measurable improvements in performance and engagement.
“With only a third of companies achieving tangible results from sales training, there’s a significant opportunity to adopt a more effective approach,” said Erica Schultz, CMO of RAIN Group. “Our research identifies high-impact strategies that drive real change, deepen skill acquisition, and foster continuous improvement across sales teams. By seamlessly integrating onboarding with ongoing learning, organizations can lower turnover, shorten ramp-up times, and build well-prepared teams equipped for sustained success.”
The full research report offers a detailed roadmap for organizations to implement continuous learning strategies and elevate their sales performance. To access the report and learn how continuous learning can transform your sales organization, visit Allego.com.
About Allego
Allego is the leader in modern revenue enablement technology. With Allego, you’ll ready more confident teams, curate impactful content, and engage buyers effectively—all within a unified platform. What sets Allego apart is the company’s expertise in driving adoption across revenue teams to foster alignment and knowledge sharing in the flow of work. This results in up to 50% reduction in software spend, 50% shorter sales cycles, and 45% higher win rates, propelling revenue growth. Learn more about how Allego can transform your sales enablement into a growth-driving powerhouse at www.allego.com.
About RAIN Group
RAIN Group is an award-winning leader in sales transformation, with over 20 years of researching and enabling top sales performance. RAIN Group’s modular, multi-modal approach to sales training provides flexible and customizable solutions for complex global teams. Trusted by leading companies, RAIN Group partners with clients to ensure learning is adopted, creates lasting behavior change, and drives measurable results. Learn more at www.raingroup.com.
Allego Contacts:
Michelle Davidson
[email protected]
“Allego” is a registered trademark of Allego, Inc.
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View original content:https://www.prnewswire.co.uk/news-releases/allego-and-rain-group-unveil-groundbreaking-research-on-continuous-learning-and-sales-performance-302329233.html
SHENZHEN, China, Dec. 12, 2024 /PRNewswire/ — Saint-Gobain Group, a global leader in lightweight and sustainable construction solutions, reinvested in the Luohu district of Shenzhen this year.
The French industrial giant, listed among the Global Fortune 500 companies, views Luohu as a strategic stronghold for expanding its business into South China and Southeast Asia, said Wang Huan, Chief Business Development Officer of Saint-Gobain Group Asia-Pacific, during a speech in Shenzhen in November.
“As the earliest developed district in Shenzhen, Luohu hosts a significant number of enterprises that align with Saint-Gobain’s building materials. It also serves as a crucial link to Hong Kong, playing a significant role in the future development and operation of the northern New Territories of Hong Kong,” Wang said.
An increasing number of companies, including Saint-Gobain Group, have been choosing Luohu as their investment destination, attracted by its geographic proximity to Hong Kong, strong industrial foundation, and improving business environment.
The district secured a total of 39 high-quality projects at the 2024 Shenzhen Global Investment Promotion Conference, held last week, with more than half of the signed projects coming from Fortune Global 500 companies, China 500 companies, listed firms, and “unicorn” investments. Over 60% of the projects are in cutting-edge sectors such as artificial intelligence, low-altitude aerospace, and life health.
In one of the projects, CCB Investment, one of the five financial asset investment companies in China, signed to found an energy fund in Luohu with China General Nuclear Power Group, specifically focusing on investment in upstream and downstream projects related to CGN’s nuclear industry and nuclear power business.
In another project, Chinese private aerospace company LandSpace will set up an aerospace operations center in Luohu, aiming to provide high-cost-performance and high-reliability space transportation services to the global market.
To better attract investments, the district government introduced the “Luohu Entrepreneur Rights Treasure Box” on the city’s special day for entrepreneurs on November 1st.
The services in the box include 137 offerings in 10 categories for enterprises and 26 in six categories for entrepreneurs. Each service is tailored to address the specific needs of businesses and entrepreneurs, reflecting a commitment to meeting their demands effectively.
“Our services for enterprises are heartfelt and services for enterprises are always on the way,” said Fan Defan, Party Chief of Luohu, at the “Entrepreneur Day” event.
Photo – https://mma.prnewswire.com/media/2579709/1212_1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/luohu-of-shenzhen-a-magnet-for-global-investments-302330278.html
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