Morgan Creek Digital plans to raise up to $500 million for a new fund focused on early-stage opportunities in artificial intelligence (AI), blockchain, chip and data technologies. The firm intends to expand its presence in Europe, the Middle East, Africa and the Asia-Pacific region. The new fund will invest in "ABCD" Web3, companies that seek to combine the power of AI, blockchain technology and related chips to extract value from data, according to Morgan Creek Digital general partner Mark Yusko.