We invested in Gaib: The First Economic Layer for AI & Compute Future

We are pleased to announce the completion of the pre-seed funding round for GAIB, marking a strategic investment in the AI infrastructure sector. The round is led by Hack VC, alongside several high-profile venture fund and angel investors.

Official announcement here.

The explosive growth of AI necessitates the development of a robust economic layer to unlock the full potential of compute resources, particularly GPUs. The current landscape is fraught with challenges such as illiquidity, high barriers to entry, and a lack of price discovery mechanisms, hindering the growth of the AI economy. GAIB’s innovative approach to tokenizing and fractionalizing GPUs addresses these pain points, paving the way for a more accessible and efficient AI ecosystem.

This investment in GAIB underscores IDGX’s conviction in the project’s vision and its potential to revolutionize the AI infrastructure landscape. We are excited to collaborate with GAIB’s exceptional team as they build the economic layer for the AI-powered future.

The Rise of the AI Economy

The rapid rise of AI has triggered a global race for GPUs, the ‘gold’ of the AI era. The immense demand for these powerful processors has led to skyrocketing prices, supply chain bottlenecks, and even geopolitical tensions. The current landscape is akin to a modern-day gold rush, with tech giants and startups alike battling for control of this precious resource. However, the true potential of the AI economy remains untapped due to the illiquidity and inaccessibility of GPUs. It’s like having mountains of gold locked away in vaults, their value unrealized. GAIB’s vision is to break down these barriers, transforming GPUs into a tradable, accessible ‘currency’ that fuels the AI revolution. By creating a liquid market for compute power, GAIB aims to unleash the trillion-dollar potential of the AI economy, democratizing access and empowering innovation on a global scale.

GAIB is the solution

GAIB aims to address this critical need by building the economic layer for the AI and compute future. The project focuses on two key processes: financialization and liquidity. GAIB’s solution involves tokenizing GPUs into NFTs (Non-Fungible Tokens), creating digital representations of these valuable assets on the blockchain. This process unlocks liquidity and enables fractional ownership, making GPUs more accessible to a broader range of participants. Furthermore, GAIB introduces a fungible compute token ($CPT) that represents the underlying compute power of these GPUs. This token can be seamlessly traded and utilized within the DeFi ecosystem, creating a liquid market for compute power.

GAIB’s Impact

GAIB’s innovative approach offers a multitude of benefits to the AI economy:

• For Compute Providers: GAIB offers new avenues for funding and capital efficiency, enabling faster growth and expansion.
• For AI Companies: GAIB provides increased access to compute resources at potentially lower costs, facilitating innovation and development.
• For Investors: GAIB lowers the barriers to entry for GPU asset investment, democratizing access and offering direct exposure to this burgeoning asset class.
• For the Market: GAIB creates a liquid secondary market for price discovery and trading of compute assets, enhancing liquidity and utility.

The team: A Fusion of Expertise and Execution

The GAIB team is a powerhouse of seasoned professionals, each a leader in their respective fields. Kony, the CEO, brings a wealth of experience in both traditional finance and crypto, having co-founded a successful crypto VC fund and led strategic investments at Huobi Global. Alex, the Founding Advisor, complements this with his expertise in the semiconductor industry and success building GMI Cloud, a leading AI cloud startup. CTO Jun, a seasoned blockchain researcher and AI expert, provides deep technological insights. Mathilda, Head of Strategy, strengthens the team with her extensive network in the crypto space and investment experience at Binance Labs and Mask Network. The team also includes PhDs and Master’s degree holders in AI, ML, computer vision, and physics, ensuring the technical prowess needed to innovate at the forefront of AI and blockchain.

Conclusion

IDGX firmly believes that GAIB’s groundbreaking approach to unlocking the liquidity and value of GPUs will play a pivotal role in shaping the future of the AI economy. We are excited to partner with GAIB on this journey and look forward to witnessing the transformative impact of their vision.

About IDGX

IDGX is a proud member of IDG Capital, focused on investing in early-stage blockchain startups and emerging technologies. We aim to support the burgeoning blockchain ecosystem in Vietnam, SEA and beyond. With a seasoned management team, strong financial backing, and extensive networks, IDGX offers a unique blend of technical, financial, and strategic support to help startups navigate the challenges of building innovative projects from the ground up.

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Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by IDGX or any other third party. Furthermore, nothing contained herein should be construed as financial, legal, tax, or accounting advice, or a recommendation to invest in any particular security or cryptocurrency. This announcement reflects the current opinions of IDGX and does not necessarily reflect the opinions of IDG Capital or its affiliates. The opinions reflected herein are subject to change without being updated. IDGX makes no representations or warranties as to the accuracy or completeness of the information contained herein and expressly disclaims any and all liability for any errors or omissions in such information. Past performance is not indicative of future results.