AI computing economy layer GAIB completes $10 million strategic investment, led by Amber Group

ChainCatcher news, according to GlobeNewswire, AI computing economy layer GAIB announced the completion of a $10 million strategic investment, with this round of financing led by Amber Group. The funds will be directly used to purchase tokenized GPU assets on the GAIB platform to enhance the on-chain deployment of AI computing infrastructure and attract more institutional participation.

GAIB is an under-development crypto AI platform aimed at tokenizing GPUs, making AI computing (the computational power required to train and run AI models) more accessible. AI computing is typically powered by GPUs and other hardware resources, and GAIB seeks to unlock the liquidity of these traditionally illiquid assets.

According to Web3 asset data platform RootData, last December, GAIB announced the completion of a $5 million seed round financing, 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.