Crypto Hedge Fund Announces $1 Billion Investment in AI Startups
Pantera Capital, a prominent cryptocurrency hedge fund, recently revealed its plans to inject $1 billion of fresh capital into the market. The fund is set to allocate $200 million towards artificial intelligence (AI)-related startups, highlighting its belief that the future of crypto companies lies in AI technology.
Cosmo Jiang, portfolio manager at Pantera Capital, expressed his vision for the industry, stating that artificial intelligence will become a standard tool for all crypto companies in the coming years. He emphasized the importance of investing in AI startups, comparing it to investing in companies with websites.
Pantera Capital has a track record of supporting blockchain projects that integrate artificial intelligence, with previous funds dedicating a significant portion of capital to such ventures. With a new $1 billion fund in the works, the fund is expected to increase its investments in AI-focused cryptocurrency projects, aiming to surpass $200 million over the next decade.
While Jiang did not confirm the exact amount to be invested, he stated that the fund’s strategy aligns with the potential for growth in the AI sector. Pantera Capital’s commitment to innovation and technology in the crypto space positions it as a key player in driving advancements in the industry.
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