Crypto VC Paradigm launches $1.2 billion AI fund as it broadens beyond digital assets: BBG

60-second summary

Crypto VC Paradigm launches a $1.2 billion AI fund to back startups in AI and robotics, expanding its investment scope beyond digital assets. Despite this shift, leadership remains committed to crypto investing, indicating a strategic diversification. This move highlights the growing interest in AI and robotics, with potential implications for the broader tech industry and venture capital landscape.