GAIB Secures $5M to Create AI Compute Economic Layer
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The round was co-led by Hack VC, Faction, and Hashed.
Additional investments came from big names like Spartan, CMCC, Animoca Brands, and Near Foundation, among others. This funding will help GAIB grow its research and development teams, speed up product development, and improve its platform to meet market needs.
GAIB Opens Up AI Investment to Everyone with GPU-Backed Assets
GAIB’s mission is to build a decentralized market for enterprise-grade GPUs (the powerful computers needed for AI). By “tokenizing” these GPUs, GAIB is creating a new type of asset based on real AI demand. This will make it easier for people to invest directly in AI. In the past, only big companies like semiconductor firms or large AI companies controlled this market. Now, GAIB is making it possible for anyone to invest in AI computing. Just like they would with stocks or bonds.
Thrilled to announce that GAIB has raised a $5M pre-seed round, led by @hack_vc, @FactionVC, @hashed_official, and 30+ incredible supporters, to build the first economic layer for AI compute!
— GAIB
| AiFi
DevCon (@gaib_ai) December 3, 2024
Also, GAIB’s platform allows investors to get involved in the growing AI space by giving them access to GPU-backed investments. These new assets can be used for various financial strategies. This includes hedging, speculation, and even DeFi use cases, such as lending and borrowing. The goal is to create a market that works for everyone, from small investors to large institutions.
GAIB Secures Funding and Partnerships to Revolutionize AI Investment
Kony Kwong, GAIB’s founder and CEO, explained: “We’re building the first economic layer for AI computing, bringing new investment possibilities into this surging sector.” Thanks to the funding, GAIB is now ready to turn GPUs and their returns into tradable assets. This will give everyone a chance to tap into the trillion-dollar AI computing market.
Then, Alex Pack, Co-founder of Hack VC, also shared excitement about GAIB’s vision. He said: “We’re thrilled to support GAIB as they unlock direct investment opportunities in the critical AI compute market.” This is how GAIB works:
2/ How GAIB Works: Let’s explore a use case
→ Financialization
• GMI → GAIB: Stake & tokenize enterprise GPUs
• GAIB: Transform GPUs into yield-bearing assets→ Investment
• Investors purchase tokenized GPUs FTs
• Form: fungible tokens→ DeFi Applications
•… pic.twitter.com/RIrQd6igYZ— GAIB
Finally, GAIB is also forming partnerships with key players like Aethir and io.net. This will help expand their platform and make it more scalable. By teaming up with industry leaders, GAIB is strengthening its position as a pioneer in financial innovation for AI.
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