According to GlobeNewswire, ChainCatcher reports that the AI computing economic layer GAIB has announced the completion of a $10 million strategic investment, led by Amber Group. The funds will be directly used to purchase tokenized GPU assets on the GAIB platform to enhance on-chain deployment of AI computing infrastructure and attract more institutional participation.
In December last year, GAIB announced the completion of a $5 million seed round, led by Hack VC, Faction VC, and Hashed, with other participating investors including Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin from Plume Network, and Lucas Kozinski from Renzo Protocol.
GAIB is a developing crypto AI platform aimed at tokenizing GPUs to make artificial intelligence computing (the computing power required for training and running AI models) more accessible. AI computing is typically provided by GPUs and other hardware resources, and GAIB seeks to unlock the liquidity of these traditionally non-liquid assets.
