Singapore, Singapore, December 4, 2024, Chainwire
GAIB, a platform building financial infrastructure for AI computing, today announced the completion of a $5 million pre-seed funding round. The round was co-led by Hack VC, Faction, and Hashed, with strategies from prominent groups including Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near. investment was also made. foundation, and several angel investors.
The funding will be allocated to expanding our research and development and operations teams, accelerating product iterations, and strengthening the platform's infrastructure to meet market demand. This funding will help us fulfill our mission to develop a liquid, decentralized market for enterprise-grade GPUs and address critical gaps in GPU funding and investor access.
GAIB will tokenize GPUs and their revenues, enabling the creation of a new asset class backed by real-world AI demand. This innovation enables new direct investment channels into AI that have previously been dominated by equity investments in a few large AI or semiconductor companies. By bridging AI, GPU demand, and blockchain, GAIB introduces a new type of yield asset that forms the foundation for a variety of decentralized finance (DeFi) use cases, allowing users to directly access GPU exposure, yield products, and hedging. , giving you access to speculation. , and various portfolio strategies.
“We are building the first economic layer of AI computing, opening new investment possibilities in this fast-growing field,” said Kony Kwong, Founder and CEO of GAIB. “With this funding, we are transforming GPUs and their yield into a tradable asset class, allowing individuals and institutions to directly engage with the multi-trillion dollar AI computing market through these new direct investment vehicles. “This opens up direct investment opportunities in an important AI computing market that has long been dominated by a few large players,'' said Alex Pack, co-founder and managing partner at Hack VC. added. “We are excited to support GAIB in building financial infrastructure for the AI era.” GAIB has also recently secured notable partnerships with industry leaders such as Aethir and io.net, and has We have established ourselves as a pioneer in financial innovation. These collaborations further strengthen the GAIB ecosystem and enable scalability with a unique approach to performing financial calculations.
About GAIB
GAIB is the first economic layer of AI computing, creating a new type of yielding asset backed by real AI demand. Tokenize enterprise-grade GPUs and their yields, creating a decentralized liquidity market for GPU financing and providing investors with direct exposure to GPU assets while meeting the growing demand for high-performance computing. The platform allows a variety of decentralized finance (DeFi) use cases to be built on top of it, including GPU-powered stablecoins, lending and borrowing, options and futures, and various structured products.
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Contact Konymarketing@gaib.ai
This article was originally published on Chainwire
