Startup Kaito AI has raised $5.3 million to build an AI search engine and ChatGPT for the crypto industry. Writes about it The Block.
According to Kaito representatives, their product is designed to solve the problem of information fragmentation in cryptography. The system collects dispersed data over the network and provides it in the form of search results.
The startup also uses AI to rank recommendations and analyze topics.
“Over the past 12 months, Kaito has built one of the most extensive databases in crypto. By combining this information with our AI technology and advanced ChatGPT/GPT-3 language models, we aim to offer a much more advanced search experience,” said Kaito Founder and CEO Yu Hu.
product already available in public beta.
The funding round was led by investment firm Dragonfly Capital. According to company representatives, the Kaito AI product will “revolutionize” the search for information in the crypto industry.
“With so much data available, it can be difficult to identify the most valuable insights for informed investment decisions. Kaito AI solves this problem not only by collecting information, but also by making it available,” said Dragonfly partner Gengmo Qi.
Other investors include Sequoia Capital, Jane Street, AlphaLab Capital and Mirana Ventures.
Recall that in February, tokens associated with artificial intelligence and big data rose rapidly against the backdrop of announcements of chat bots in Google and Microsoft Bing search engines.
In the same month, the growing popularity of ChatGPT triggered a rise in the price of AI crypto assets.
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