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Paradigm is launching a new fund of up to $1.5 billion to invest in artificial intelligence and robotics, marking its expansion beyond cryptocurrency. Founded in 2018, the firm manages about $12.7 billion in assets and has backed projects like Uniswap.

The fund aims to diversify while enhancing its focus on blockchain. Paradigm seeks to leverage synergies between AI and robotics to address challenges in decentralized systems. This move comes amid a growing recognition of interconnected tech ecosystems and follows Paradigm's exploration of AI's intersection with crypto since 2023. The global AI market is projected to reach trillions, making this a timely initiative.