Paradigm Raises $1.5 Billion Frontier Tech Fund

Crypto investment firm Paradigm is seeking to raise $1.5 billion for a new fund to invest in AI, robotics and other frontier technologies, the Wall Street Journal reports. San Francisco–based Paradigm, which manages $12.7 billion and will continue crypto investments, will use its technical investment team to source frontier-tech deals and co-released EVMbench with OpenAI to test AI on smart-contract security.