Animoca Brands to acquire stake in leading AI accelerator Zeroth

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Animoca Brands has entered into an Earn-In Agreement with Zeroth founder Tak Lo to acquire a 67% stake in Venture Classic Limited, the operational company for the artificial intelligence accelerator Zeroth SPC (both companies together: “Zeroth”). Total consideration for the transaction is approximately US$1.08 million (A$1.5 million), consisting of US$0.72 million (A$1 million) in cash earn-in and approximately US$0.36 million (A$0.5 million) in Animoca Brands shares.

Additionally, Animoca Brands has committed to underwrite investment into Zeroth SPC totalling up US$2 million. This investment will provide participants with Limited Partner status and grant them claims on proceeds from the cohorts of AI and blockchain startups accelerated by Zeroth.

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Last Call to Join Zeroth.AI the first AI Accelerator in Asia

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Zeroth.ai is the first accelerator programme for artificial intelligence and machine learning startups across Asia, based out of Hong Kong. Beginning in Nov 7th, 2016, the program will run for 12 weeks, providing financing and access to a global network of AI/ML entrepreneurs, experts, and renowned investors.

Led by Tak Lo, who was the former Director of Techstars London and influential entrepreneur and investor in Asia, Zeroth.ai is proud to announce the joint of seasoned world-class entrepreneurs and investors such as Jaan Tallinn, Co-founder of Skype and the investor of DeepMind, and Thomas Stone, Co-founder of Prediction.io. Zeroth.ai is determined to bring new initiatives and energy to Asia’s AI/ML startup ecosystem.

We asked Tak some questions on why you should be applying to join Zeroth.
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