Artificial intelligence for cryptocurrencies Kaito AI attracted $5 million in investments

Kaito AI, a cryptocurrency search engine based on the well-known ChatGPT AI, has raised $5.3 million in a round led by Dragonfly Capital.

While many investors are moving away from crypto to AI, and vice versa, Dragonfly Capital has decided to address both issues with a single investment :D.

From partner quotes, we can glean a bit of the mystery of what this AI will be about.

"With such a large amount of information and available data, it can be difficult to identify the most valuable information for making informed investment decisions," said Jengmo Ci, a partner at Dragonfly, in his release. "Kaito solves this problem by not only aggregating information, but also making it easily accessible and effective."

The list of participants in this round includes several heavyweights in the industry, including Sequoia Capital, Jane Street, AlphaLab Capital, and Mirana Ventures, according to the company's release. Among the partners, we can observe some fairly reputable funds.

So we take popcorn and wait to see what interesting solution will be provided to us…