A major cryptocurrency hedge fund is preparing to inject $1 billion in capital into the market
Cryptocurrency hedge fund Pantera Capital shared in its statement that it will inject $1 billion in new capital into the market.
Crypto hedge fund Pantera Capital plans to allocate $200 million to startups related to artificial intelligence (AI) and is preparing to make significant investments in the artificial intelligence (AI) sector This.
The company believes that in the near future, every cryptocurrency company will also be an AI startup.
Pantera Capital portfolio manager Cosmo Jiang shared his vision: “10, 15, 20 years from now, everyone will be using artificial intelligence.”
Jiang added that investing in an artificial intelligence company will soon become as common as investing in a company with a website.
Jiang, who is actively looking for projects that use artificial intelligence to improve blockchain operations, announced that Pantera Capital has created a new fund worth $1 billion to inject new capital into the sector .
In a previous fund, Pantera Capital allocated about 15% to 20% of its capital to artificial intelligence blockchain projects. Jiang expects the new fund to invest more in this field.