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Singapore, Singapore, December 4th, 2024, Chainwire
GAIB, a platform creating monetary infrastructure for AI computing, right now introduced the completion of its $5 million pre-seed funding spherical. The spherical was co-led by Hack VC, Faction, and Hashed, alongside strategic investments from outstanding teams together with Spartan, CMCC, L2IV, Animoca Manufacturers, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Close to Basis, in addition to a number of angel buyers.
The funds shall be allotted to increase the R&D and operations groups, speed up product iteration, and strengthen the platform’s infrastructure to satisfy market calls for. The funds will assist fulfill its mission to pioneer a liquid, decentralized marketplace for enterprise-grade GPUs, addressing essential gaps in GPU financing and investor accessibility.
GAIB tokenizes GPUs and their yields, enabling the creation of a brand new asset class backed by actual AI demand. This innovation permits for brand new and direct funding pathways into AI, which has been traditionally dominated by fairness investments in a number of giant AI or semiconductor firms. By bridging AI, GPU calls for, and blockchain, GAIB introduces a novel kind of yield-bearing belongings that types the muse for quite a lot of decentralized finance (DeFi) use circumstances, granting customers entry to direct GPU publicity, yield merchandise, hedging, hypothesis, and numerous portfolio methods.
“We’re constructing the primary financial layer for AI compute, bringing new funding potentialities into this surging sector,” mentioned Kony Kwong, Founder and CEO of GAIB. “With this funding, we’re reworking GPUs and their yield right into a tradable asset class, empowering people and establishments to immediately have interaction with the trillion-dollar AI compute market by these new automobiles for direct funding.”
“We're thrilled to help GAIB as they unlock direct funding alternatives to the essential AI compute market that has lengthy been dominated by a number of giant gamers,” added Alex Pack, Co-founder and Managing Companion from Hack VC. “We’re excited to help GAIB in constructing the monetary infrastructure for the AI period.”
GAIB additionally not too long ago secured notable partnerships with trade leaders like Aethir and io.internet, positioning itself to pioneer monetary innovation for compute belongings. These collaborations additional improve GAIB’s ecosystem, enabling scalability with its distinctive strategy to compute financialization.
About GAIB
GAIB is the primary financial layer for AI compute, creating a brand new kind of yield bearing belongings backed by actual AI calls for. It tokenizes enterprise-grade GPUs and their yields, making a decentralized liquid marketplace for GPU financing, addressing the rising demand for high-performance computing whereas giving buyers direct publicity to GPU belongings. The platform allows quite a lot of decentralized finance (DeFi) use circumstances to be constructed on high, together with GPU backed stablecoins, lending and borrowing, choices and futures, and numerous structured merchandise.
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