Crypto Investment Firm Pivots Toward Robots and AI

Paradigm, a venture firm known for investing in cryptocurrency, just raised $1.2 billion for a new fund backing drone delivery companies and space technology firms. The shift signals that crypto investors are branching out as that market stabilizes. Managing partner Alana Palmedo said simply: there's too much other innovation happening to ignore. The firm's engineering talent, built from years in crypto, can now tackle real-world robotics and autonomous systems.