Paradigm, the venture capital firm known for its focus on crypto and digital assets, has launched a $1.2 billion artificial intelligence fund, CoinDesk reported, citing Bloomberg.
The development matters because it points to a notable shift in strategy for a major crypto investor. By raising a dedicated AI fund, Paradigm is broadening its investment scope beyond digital assets at a time when artificial intelligence remains a major area of venture capital interest.
The reported fund size also makes the move significant for companies operating at the intersection of emerging technology, crypto infrastructure and AI. For the crypto ecosystem, Paradigm’s expansion suggests that leading sector investors may increasingly look outside blockchain-only opportunities while still drawing on their experience in high-growth technology markets.
CoinDesk framed the launch as part of Paradigm’s broader move beyond digital assets. The report did not provide additional details in the supplied source material about specific portfolio targets, fund terms or deployment timelines.
The news underscores how crypto-native venture firms are adapting as investor attention spreads across adjacent technology sectors. Paradigm’s AI fund gives the firm a larger mandate, while leaving open how closely its future investments will connect back to crypto markets.