GAIB Raises $5M Pre-Seed to Construct the First Financial Layer for AI Compute

Singapore, Singapore, December 4th, 2024, Chainwire

GAIB, a platform creating monetary infrastructure for AI computing, at this time introduced the completion of its $5 million pre-seed funding spherical. The spherical was co-led by Hack VC, Faction, and Hashed, alongside strategic investments from distinguished teams together with Spartan, CMCC, L2IV, Animoca Manufacturers, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Close to Basis, in addition to a number of angel buyers.

The funds will likely be allotted to develop the R&D and operations groups, speed up product iteration, and strengthen the platform’s infrastructure to fulfill market calls for. The funds will assist fulfill its mission to pioneer a liquid, decentralized marketplace for enterprise-grade GPUs, addressing important gaps in GPU financing and investor accessibility.

GAIB tokenizes GPUs and their yields, enabling the creation of a brand new asset class backed by actual AI demand. This innovation permits for brand new and direct funding pathways into AI, which has been traditionally dominated by fairness investments in just a few giant AI or semiconductor corporations. By bridging AI, GPU calls for, and blockchain, GAIB introduces a novel kind of yield-bearing property that types the muse for quite a lot of decentralized finance (DeFi) use circumstances, granting customers entry to direct GPU publicity, yield merchandise, hedging, hypothesis, and numerous portfolio methods.

“We’re constructing the primary financial layer for AI compute, bringing new funding prospects into this surging sector,” stated Kony Kwong, Founder and CEO of GAIB. “With this funding, we’re reworking GPUs and their yield right into a tradable asset class, empowering people and establishments to immediately interact with the trillion-dollar AI compute market by means of these new automobiles for direct funding.”

“We’re thrilled to help GAIB as they unlock direct funding alternatives to the important AI compute market that has lengthy been dominated by just a few giant gamers,” added Alex Pack, Co-founder and Managing Accomplice from Hack VC. “We’re excited to help GAIB in constructing the monetary infrastructure for the AI period.”

GAIB additionally just lately secured notable partnerships with trade leaders like Aethir and io.web, positioning itself to pioneer monetary innovation for compute property. These collaborations additional improve GAIB’s ecosystem, enabling scalability with its distinctive method to compute financialization.

About GAIB

GAIB is the primary financial layer for AI compute, creating a brand new kind of yield bearing property backed by actual AI calls for. It tokenizes enterprise-grade GPUs and their yields, making a decentralized liquid marketplace for GPU financing, addressing the rising demand for high-performance computing whereas giving buyers direct publicity to GPU property. The platform allows quite a lot of decentralized finance (DeFi) use circumstances to be constructed on prime, together with GPU backed stablecoins, lending and borrowing, choices and futures, and numerous structured merchandise.

Web site | X | Telegram | Discord

ContactKonyadvertising@gaib.ai

This text was initially revealed on Chainwire