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Paradigm raises $1.2 billion new fund to invest in AI and robotics sectors.

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According to Bloomberg, crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund that will further expand its investment scope beyond the cryptocurrency industry to include sectors such as artificial intelligence (AI) and robotics. The fund is set to be officially announced on Wednesday, marking the third VC fund Paradigm has raised since its establishment. Paradigm’s expansion into AI comes amid a continued boom in financing for AI startups, while crypto-related investment activities have experienced a period of downturn.

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