Crypto VC Giant Paradigm Raising Up to $1.5 Billion for New Fund
TL;DR
Crypto venture firm Paradigm is raising as much as $1.5 billion for a new fund that will invest in broader tech including artificial intelligence and robotics, The Wall Street Journal reported, citing people familiar with the situation. The move comes as more crypto firms and investors are ...
Nauti's Take
Crypto money flowing into AI infrastructure means valuations are about to get spicy. Paradigm brings crypto-scale risk appetite into the room — expect seed rounds to inflate and the already frothy AI startup market to get even more overheated.
Summary
Crypto venture firm Paradigm is raising as much as $1.5 billion for a new fund that will invest in broader tech including artificial intelligence and robotics, The Wall Street Journal reported, citing people familiar with the situation. The move comes as more crypto firms and investors are ...
Sources