Porsche will invest in the blockchain startups to $200 million

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Within 5 years, the car manufacturer from Germany Porsche AG intends to increase investment in blockchain, and VR startups, and the development of artificial intelligence $176 million and this was reported on the website of the company.

The Corporation prefers to promote startups that are promoting so-called digital lifestyle. And intends to access the latest trends, new technologies and business models.

“Now innovation is largely provided by the technology. Their close relationship with our basic competencies vital to the creation of robust ecosystems with competent partners,” — said the Deputy Chairman of the Board of Directors of Porsche AG for Finance and IT Lutz Meschke.

Among other things, Latch Meschke believes that using the blockchain technology, AI and virtual reality company can make radical changes to its business model.

 

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