Paradigm Reportedly Expands into AI, Robotics with $1.5B fund

Crypto investment firm Paradigm is reportedly seeking to raise a $1.5 billion fund dedicated to investing in companies focused on AI, robotics, and other frontier technologies, according to the Wall Street Journal. While the firm will continue its crypto investments using its existing technical team, this expansion aims to prevent missing out on attractive deals in emerging sectors. Paradigm, which manages $12.7 billion in assets, has previously acknowledged exploring AI's convergence with crypto, noting overlaps like agentic payments. Co-founder Matt Huang previously stated that while they remain excited about crypto, the developments in AI are too significant to ignore, framing the relationship as complementary rather than competitive. This move follows earlier speculation when the firm adjusted its website language, and more recently, Paradigm collaborated with OpenAI on EVMbench, a benchmark for AI models evaluating smart contract security.

(Source：Cointelegraph)