Singapore, Singapore, December 4th, 2024,
Chainwire
GAIB, 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&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.
“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.”
“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.”
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
GAIB 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.
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Contact
Kony
marketing@gaib.ai