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.
Scoring Rationale
Moderate industry relevance and clear strategic implications, but reporting relies on WSJ sources without a firm corporate announcement.
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Sources
- Read OriginalParadigm Reportedly Expands into AI, Robotics with $1.5B fundcointelegraph.com
