Paradigm Raises $1.2 Billion New Fund to Invest in AI and Robotics Sector

BlockBeats News, July 8th - According to Bloomberg, Paradigm, a venture capital firm founded by a cryptocurrency investment company, has raised a new fund with a size of $1.2 billion. In the future, the investment scope will be further expanded beyond the crypto industry to include areas such as Artificial Intelligence (AI) and robotics.

This fund will be officially announced on Wednesday and is the third venture capital fund raised by Paradigm since its establishment. Paradigm is expanding its investment focus to AI at a time when the AI startup financing frenzy is intensifying, while cryptocurrency-related investment activities have been in a lull for some time.