Paradigm played this move well, first using crypto as a springboard then pivoting to AI. $1.2 billion is enough for them to burn through for a while.

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CoinNetwork
CoinWorld news, crypto venture capital firm Paradigm announced it has raised $1.2 billion for its fourth fund, aiming to expand investments in artificial intelligence and related technologies. The firm said the new fund will first invest in the crypto sector, then expand to frontier industries such as AI and robotics. Since its founding in 2018, Paradigm has raised over $4 billion across three crypto-focused funds.
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