Crypto hedge fund Pantera Capital to invest $200 million in AI
2024-06-19 09:46:52
Crypto hedge fund Pantera Capital is raising $1 billion for a new fund. Cosmo Jiang, a portfolio manager, said more than $200 million of that is earmarked for artificial intelligence and that he is actively looking for projects that use artificial intelligence to boost blockchain businesses. Additionally, he said that an earlier fund has injected about 15% to 20% of its capital into AI-related blockchain projects, and the new fund is expected to invest more.
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