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Singapore, Singapore, December 4th, 2024, Chainwire <a href="https://www.gaib.ai/" rel="noopener noreferrer nofollow">GAIB</a>, a platform creating financial infrastructure for AI computing, today announced the completion of its $5 million pre-seed funding round. The round was co-led by Hack VC, Faction, and Hashed, alongside strategic investments from prominent groups including Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near Foundation, as well as several angel investors.The funds will be allocated to expand the R&amp;D and operations teams, accelerate product iteration, and strengthen the platform's infrastructure to meet market demands. The funds will help fulfill its mission to pioneer a liquid, decentralized market for enterprise-grade GPUs, addressing critical gaps in GPU financing and investor accessibility.GAIB tokenizes GPUs and their yields, enabling the creation of a new asset class backed by real AI demand. This innovation allows for new and direct investment pathways into AI, which has been historically dominated by equity investments in a few large AI or semiconductor companies. By bridging AI, GPU demands, and blockchain, GAIB introduces a novel type of yield-bearing assets that forms the foundation for a variety of decentralized finance (DeFi) use cases, granting users access to direct GPU exposure, yield products, hedging, speculation, and various portfolio strategies.<blockquote> “We’re building the first economic layer for AI compute, bringing new investment possibilities into this surging sector,” said Kony Kwong, Founder and CEO of GAIB. “With this funding, we’re transforming GPUs and their yield into a tradable asset class, empowering individuals and institutions to directly engage with the trillion-dollar AI compute market through these new vehicles for direct investment.”
</blockquote><blockquote> “We are thrilled to support GAIB as they unlock direct investment opportunities to the critical AI compute market that has long been dominated by a few large players,” added Alex Pack, Co-founder and Managing Partner from Hack VC. “We're excited to support GAIB in building the financial infrastructure for the AI era.”
</blockquote>GAIB also recently secured notable partnerships with industry leaders like Aethir and io.net, positioning itself to pioneer financial innovation for compute assets. These collaborations further enhance GAIB’s ecosystem, enabling scalability with its unique approach to compute financialization.About GAIB<a href="https://www.gaib.ai/" rel="noopener noreferrer nofollow">GAIB</a> is the first economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform enables a variety of decentralized finance (DeFi) use cases to be built on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products. <a href="https://www.gaib.ai/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://x.com/gaib_ai" rel="noopener noreferrer nofollow">X</a> | <a href="https://t.me/gaib_ai" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discord.gg/gaibofficial" rel="noopener noreferrer nofollow">Discord</a> <h5>Contact</h5>Kony marketing@gaib.ai Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

GAIB Raises $5M Pre-Seed to Build the First Economic Layer for AI Compute (4 Dec)

Chainwire

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