Paradigm, which has raised over $4 billion to invest in crypto since 2018, is moving into AI for the first time as it seeks to invest in the estimated $540 billion industry.

Paradigm is raising up to $1.5 billion for a new fund targeting AI and robotics, marking a major expansion beyond its crypto-native roots.

The firm's latest fund backs AI and robotics startups but leadership says it remains committed to crypto investing.