Paradigm Plans $1.5 Billion Fund for AI and Robotics Expansion
- Paradigm is raising up to $1.5 billion for a new fund targeting frontier technologies like artificial intelligence and robotics.
- The firm, based in San Francisco, was founded by Matt Huang and Fred Ehrsam, focusing initially on digital asset protocols and web3 infrastructure.
- As of late 2024, Paradigm managed $12.6 billion in assets, with prior investments including Uniswap and StarkWare.
- The move aligns with increasing investments in AI and robotics as autonomous systems become more industrialized by 2026.
- Paradigm has invested $50 million in Nous Research and collaborated with OpenAI to develop EVMbench for blockchain-related AI performance evaluation.
Paradigm’s initiative to raise a substantial fund highlights its strategic shift towards integrating artificial intelligence into its investment portfolio, reflecting the broader trend of convergence between decentralized networks and machine learning systems.
Source (3.2)https://cryptobriefing.com/paradigm-ai-robotics-expansion/?rand=59535
