Ripple founder bets 1.5 trillion won on artificial general intelligence

Uk Jin

Summary

It was reported that Jed McCaleb, the founder of Ripple and Stellar (XLM), has embarked on developing artificial general intelligence (AGI) through the nonprofit research organization the Astera Institute.
McCaleb said he has so far committed $1 billion (about 1.5 trillion won) to the Astera Institute.
McCaleb said he plans to invest an additional $600 million in neuroscience research, and also disclosed that he sold all of his XRP tokens in 2022.

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Jed McCaleb, the founder of the crypto-asset project Ripple and Stellar (XLM), has made a major investment push into artificial intelligence (AI) development.

According to Forbes on the 27th (Korea time), McCaleb is advancing an artificial general intelligence (AGI) development project at the nonprofit research organization he founded, the Astera Institute.

To date, McCaleb has put $1 billion (about 1.5 trillion won) into the Astera Institute, and plans to invest an additional $600 million for neuroscience research.

McCaleb sold all of his XRP tokens in 2022.

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