Crypto-focused VC Paradigm to raise a $1.5 billion fund for AI and robotics investments

Paradigm, a venture capital (VC) firm specializing in digital assets (cryptocurrencies), is moving to raise a new $1.5 billion fund. The fund, however, is reportedly intended to invest not only in digital assets but also in emerging technologies such as artificial intelligence (AI) and robotics.

On the 28th (Korea time), Cryptonews, citing The Wall Street Journal, reported that Paradigm is preparing a new fund that goes beyond blockchain-centric investing to encompass AI, robotics and other advanced technology sectors.

Paradigm is said to plan to source related investment opportunities by leveraging its existing technology investment team without establishing a separate organization. It will also continue investing in existing blockchain startups.

Paradigm currently has about $12.7 billion in assets under management (AUM).

As such, the digital-asset industry has recently been seeing a shift toward expanding investment beyond digital assets into adjacent technology fields such as AI. With AI increasingly affecting software and the broader development ecosystem, the investment landscape appears to be undergoing a reshuffle.

Andreessen Horowitz (a16z), the world’s largest venture capital firm, has also recently secured more than $15 billion in new capital for AI investments.