# ParadigmRaises1.2BToBetOnAI

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On July 8, crypto VC giant Paradigm announced the closing of its fourth fund, raising $1.2 billion to expand its investment focus from crypto to AI, robotics, and other frontier technologies. Paradigm has already backed autonomous drone delivery firm Zipline and space defense startup True Anomaly with the new fund. From Hyperliquid to open-source AI models, Paradigm is breaking down the barriers between crypto and AI, positioning itself as one of the most active cross-sector investors.

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