Pantera Capital is raising a new $1 billion fund and will invest $200 million in AI

ChainCatcher news, the crypto hedge fund Pantera Capital is raising a new fund of $1 billion. Portfolio manager Cosmo Jiang stated that over $200 million of this is specifically allocated for artificial intelligence, and he is actively seeking projects that leverage AI to enhance blockchain businesses.

In addition, Cosmo Jiang mentioned that an earlier fund has injected about 15% to 20% of its capital into AI-related blockchain projects, and the new fund is expected to invest even more.