GAIB, a platform that specifically focuses on the development of financial infrastructure for AI computation, has effectively concluded a $5 million pre-seed funding round.
Spartan, CMCC, Animoca Brands, and Near Foundation, among others, contributed additional investments. This funding will enable GAIB to expand its research and development teams, expedite product development, and enhance its platform to accommodate market demands.
GAIB’s objective is to establish a decentralized market for enterprise-grade GPUs, which are the potent processors required for AI. By “tokenizing” these GPUs, GAIB is establishing a novel asset that is based on genuine AI demand. This will facilitate the direct investment of individuals in AI. Historically, this market was in the hands of only the largest companies, such as semiconductor firms or significant AI companies. GAIB is currently enabling anyone to invest in AI computation. In the same way as they would with equities or bonds.
Additionally, GAIB’s platform enables investors to participate in the expanding AI sector by providing them with access to GPU-backed investments. The utilization of these new assets is contingent upon the desired financial strategy. This encompasses DeFi use cases, such as lending and borrowing, as well as speculation and hedging. The objective is to establish a market that is beneficial to all stakeholders, including large institutions and minor investors.
Kony Kwong, the CEO and founder of GAIB, elaborated, “We are constructing the initial economic layer for AI computation, which will introduce new investment opportunities to this rapidly expanding sector.” GAIB is now prepared to convert GPUs and their returns into tradable assets as a result of the financing. This will provide all individuals with the opportunity to participate in the trillion-dollar AI computing market.
Alex Pack, the co-founder of Hack VC, also expressed enthusiasm for GAIB’s vision. He stated, “We are delighted to provide GAIB with the assistance necessary to access direct investment opportunities in the critical AI compute market.” The operation of GAIB is as follows:
Lastly, GAIB is also establishing partnerships with significant entities such as io.net and Aethir. This will facilitate the expansion of their platform and enhance its scalability. GAIB is fortifying its status as a leader in financial innovation for AI by collaborating with industry leaders.
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