According to Foresight News, Yu Hu, the founder of Web3 AI search platform Kaito AI, announced that the company became profitable in June 2024, transitioning from a startup reliant on venture capital to a self-sustaining business.
In the future, Kaito AI has plans to expand its scale by ten times within the next 18 months. The company also intends to launch a fully autonomous research assistant, with the preliminary version expected to be released this month. Kaito AI aims to improve the interface of crypto projects through its reasoning API, which is similar to OpenAI. Additionally, the company plans to launch new native applications for cryptocurrencies.