Paradigms AI Investment Expansion Goes Beyond Crypto

Paradigms AI Investment Expansion Goes Beyond Crypto

Paradigm, a leading crypto platform, may be expanding its investment focus to include AI, as evidenced by subtle changes to its website description.

Prominent cryptocurrency platform Paradigm is apparently broadening its financing emphasis to include a wider spectrum of emerging technologies beyond cryptocurrency and blockchain.

Reports by the subtle adjustments Paradigm has made to its website, it could be seeing as including artificial intelligence (AI) in its financing basket.

Paradigm Shifts Focus

The community quickly noticed that Paradigm had altered the website’s description. The archived version of the page mentions Paradigm as an financing company actively supporting disruptive crypto/ Web 3.0 corporations and protocols. It touches upon its financial backing for these enterprises in the range of $1 Million to over $100 million.

In addition, Paradigm previously stated that it expects cryptocurrency to be a game-changing technology for the ensuing decades. It compared cryptocurrency to the internet of the ’90s. The company now describes itself as a “research-driven technology financing firm” focusing on supporting numerous enterprises and protocols.

84% of Voters Demand Presidential Candidates Support Their Right to Bitcoin: Twitter Poll

Artificial Intelligence (AI) Consumes FinTech Market

The change comes at a time when artificial intelligence (AI) is likewise profoundly impacting the digital currency business. With the cryptocurrency industry facing issues following the FTX Trading Ltd collapse, launches like ChatGPT are emerging as a promising technology trend.

News reports had resurfaced after the bankruptcy that previous FTX Trading Ltd boss Sam Bankman-Fried had invested $20 Million in a deal financial resources fund managed by Paradigm. The fund was known Paradigm 1 also reportedly invested in FTX Trading Ltd and FTX Trading Ltd United States exchanges.

Despite the fact that the financing itself was not under investigation, the industry is displaying a change in attitude. According to CNBC, JPMorgan Chase is creating a software program to aid financial investing comparable to ChatGPT.

CoinShares reports $232 Million in withdrawals over the course of 5 weeks as the cryptocurrency market’s slump continues  after a short recovery. According to CoinGecko data at the time of publication, the total market capitalization of all digital currencies is $1.16 trillion. This is a 62 percent fall from the peak of $3.04 trillion made in 2021.

Nonetheless, recent media reports  likewise emphasized the growth of digital currencies with an Artificial Intelligence (AI) theme owing to Nvidia’s increased demand for AI-related chips. Reports by CNBC, blockchain-based Artificial Intelligence (AI) projects that intend to transform numerous industries have witnessed progress.

The paper likewise mentions that specialists believe the marriage of blockchain tech and Artificial Intelligence (AI) technology can benefit the sector. BeInCrypto  recently informed that VC interest in Artificial Intelligence (AI) is anticipated to remain high in 2023, indicating that more Artificial Intelligence (AI) enterprises will probably be able to raise money.


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