With 25M users, Bluesky gets a $1M fund to take on social media and AI

Profitable tech corporations observe a typical sample: from product to platform the place different startups construct companies on high of theirs. To spur that, they usually launch a fund. On this case, another person is launching a fund to assist fast-growing social media web site Bluesky, which now claims 25 million users.

On Wednesday open supply and Python huge wig Peter Wang announced the fund, dubbed Skyseed, with an preliminary $1 million conflict chest. Bluesky is the decentralized social app from Jack Dorsey (although Dorsey left the Bluesky board in May). It launched 5 years in the past and has taken off as an alternative choice to Elon Musk’s X.

The fund will provide grants to these constructing on Bluesky’s open supply AT Protocol. It’s searching for tech like knowledge privateness controls for AI utilization, and apps for fogeys/kids and native communities.

Correction: Bluesky says that this fund is impartial of the corporate. This story has been up to date mirror that info.