Crypto hedge fund Pantera Capital to invest $200 million in AI

Odaily News Crypto hedge fund Pantera Capital is raising a new $1 billion fund. Portfolio manager Cosmo Jiang said more than $200 million of that is earmarked for artificial intelligence, and he is actively looking for projects that use AI to boost blockchain businesses. In addition, he said an earlier fund had already injected about 15% to 20% of its capital into AI-related blockchain projects, and the new fund is expected to invest more.