Paradigm’s Matt Huang previously said developments in AI were “too interesting to ignore” and that both AI and crypto will have plenty of overlap.
Crypto investment firm Paradigm is seeking to raise $1.5 billion for a new fund that will invest in companies in AI, robotics and other frontier technologies, according to the Wall Street Journal.
Paradigm will continue to invest in crypto companies, according to sources familiar with the situation, but it will use its existing technical investment team to look at deals in frontier tech companies, they said.
San Francisco–based Paradigm has $12.7 billion in assets under management, according to the latest regulatory filings.
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Author: Felix Ng
