Venture capital companies have recently made substantial investments of over $90 million in projects that incorporate artificial intelligence (AI) and blockchain technology. This investment strategy is part of a broader trend towards appreciating the potential synergy between these two advanced technologies.
High performing start-up Compute Labs recently secured $3 million in pre-seed funding. The funding is to be used for team expansion and the completion of the first round of GNFT vaults. Compute Labs, under the patronage of NVIDIA Inception VC Alliance, intends to tokenize high-performance GPUs, making them accessible to a wider range of investors through its GPU Restaking solution.
In another significant move, AI-startup Sentient Labs successfully raised $85 million from investors. Sentient Labs is creating an open-source platform that will reward developers for their contributions to the development of AI tools such as chatbots and enterprise software. This platform is being constructed using Polygon software, an Ethereum layer-2 (L2) solution.
There is an ongoing wave of optimism surrounding the fusion of AI and blockchain technologies. The investors’ commitment to projects that merge these technologies indicates a belief in the potential to revolutionize the financial sector. Cristian Mogodici, founder and CEO of Zaya AI, further echoed this sentiment by emphasizing the improved functionality and security that the combination of blockchain and AI facilitates.
Grayscale’s recent report affirmed AI’s crucial role in the industry, particularly in the Smart Contract Platforms and Utilities & Services sectors. The synergy between AI and blockchain is attracting significant investments, driving market performance, and paving the way for groundbreaking innovations.