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GAIB Completes $5M Pre-Seed Round to Pioneer Financial Infrastructure for AI Compute

by crypetonews
December 4, 2024
in Ethereum
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GAIB, a platform focused on creating financial infrastructure for artificial intelligence (AI) computing, announced the successful completion of its $5 million pre-seed funding round. Notably, the round was co-led by Hack VC, Faction, and Hashed, with participation from prominent investors such as Spartan, CMCC, L2IV, Animoca Brands, and IDG Capital, alongside other strategic backers and angel investors.

Accordingly, the funding will be directed toward scaling GAIB’s research and development (R&D) and operations teams, enhancing product innovation, and strengthening its infrastructure. These efforts aim to address growing market demands and fulfill GAIB’s mission of establishing a decentralized market for enterprise-grade GPUs (graphics processing units).

Bridging AI and Blockchain

GAIB’s platform introduces a groundbreaking approach by tokenizing GPUs and their yields. For context, this innovation transforms GPUs into yield-bearing assets, enabling a decentralized, liquid market that allows investors to gain direct exposure to AI compute resources. Meanwhile, the initiative is set to reshape how investments in the AI sector are approached, shifting focus from traditional equity investments in AI and semiconductor companies to decentralized finance (DeFi) use cases.

“We’re building the first economic layer for AI compute, bringing new investment possibilities into this surging sector,” said Kony Kwong, Founder and CEO of GAIB. “With this funding, we’re transforming GPUs and their yield into a tradable asset class, empowering individuals and institutions to directly engage with the trillion-dollar AI compute market through these new vehicles for direct investment.”

Investor and Industry Support

Investors are optimistic about GAIB’s potential to democratize access to AI computing. Alex Pack, Co-founder and Managing Partner at Hack VC highlighted the strategic importance of GAIB’s efforts:

“We are thrilled to support GAIB as they unlock direct investment opportunities to the critical AI compute market that has long been dominated by a few large players. We’re excited to support GAIB in building the financial infrastructure for the AI era.”

Expanding Ecosystem and Partnerships

GAIB has secured partnerships with key industry players, including Aethir and io.net, to bolster its ecosystem. These collaborations position the platform for scalability and enhance its ability to deliver on its vision of compute financialization.

Furthermore, the platform supports various DeFi applications built around GPU-backed assets, such as stablecoins, lending and borrowing products, options, and futures. These offerings provide users with diverse strategies for hedging, yield generation, and portfolio management.

About GAIB

GAIB positions itself as the first economic layer for AI compute, transforming GPUs and their yields into tradable, yield-bearing assets. Its innovative platform addresses the surging demand for high-performance computing while granting investors unprecedented access to GPU-based assets.

For more information, visit GAIB’s website or follow them on X, Telegram, or Discord.



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Tags: completesComputeFinancialGAIBInfrastructurepioneerPreseed
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