According to Odaily, Pantera Capital, a cryptocurrency hedge fund, is in the process of raising a new fund worth $1 billion. Portfolio manager Cosmo Jiang has revealed that over $200 million of this fund will be specifically allocated for artificial intelligence (AI). Jiang is actively seeking projects that utilize AI to advance blockchain businesses.
In addition, Jiang stated that an early fund has already invested approximately 15% to 20% of its capital into AI-related blockchain projects. It is anticipated that the new fund will invest even more capital. This move by Pantera Capital signifies a growing interest in the intersection of AI and blockchain, and the potential these technologies hold for the future.