AI Computing Economy Layer GAIB Completes $10M Strategic Investment, Led by Amber Group

BlockBeats News, August 1st, AI Computational Economy Layer GAIB announced the completion of a $10 million strategic investment, with the current round of funding led by Amber Group. The funds will be used directly to purchase tokenized GPU assets on the GAIB platform to enhance the on-chain deployment of AI computing power infrastructure and attract more institutional participation.

In December last year, GAIB announced the completion of a $5 million seed round of financing, led by Hack VC, Faction VC, and Hashed, with other participating investors including Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin of Plume Network, and Lucas Kozinski of Renzo Protocol.

GAIB is a developing encrypted artificial intelligence platform aimed at tokenizing GPUs to make AI computing (the computational power required for training and running AI models) more easily accessible. AI computing is usually provided by GPUs and other hardware resources, and GAIB seeks to unlock the liquidity of these traditionally illiquid assets.