Crypto VC Paradigm launches $1.2 billion AI fund as it broadens beyond digital assets: BBG
Crypto venture firm Paradigm has launched a $1.2 billion fund focused on artificial intelligence and defense technology. While the firm remains committed to digital assets, it is diversifying its portfolio to include high-growth sectors like autonomous drones and space defense.
Why it matters
This move signals a broader trend of crypto-native venture capital firms pivoting toward AI and deep-tech infrastructure.
The firm's third venture fund reflects growing interest in AI and defense technology, though it does not signal an exit from digital assets.
The article provides a balanced overview of the firm's strategic shift using industry data and quotes.
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