Cryptocurrency hedge fund Pantera Capital plans to invest $2 billion in artificial intelligence companies, demonstrating its commitment to machine learning. The company believes that the integration of artificial intelligence is absolutely necessary for any cryptocurrency company.
Cosmo Jiang, Managing Director of Pantera Capital, shared his vision for the future: “In about 10, 15, 20 years, you won’t encounter someone who doesn’t use artificial intelligence.” He firmly believes that investments in artificial intelligence will become the norm, just like companies investing in websites.
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Pantera Capital has revealed that it has established a new $100 million funding fund for the industry. This financial giant has already invested in companies such as Coinbase, Circle, and Bitstamp.
Through a previous investment fund, the company has committed to allocating around 15-20% of its capital to blockchain technology with artificial intelligence components. Jiang is confident that the fund will increase its returns over time.
The first round of funding for the fund will end in 2025, and it plans to invest over $20 billion in artificial intelligence-related cryptocurrency companies within a decade.
