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PayPal and General Catalyst lead $18 million investment in AI blockchain startup Kite

AI and crypto are the buzziest buzzwords in Silicon Valley, and startups have tried to combine the two since the launch of ChatGPT in 2022. The results so far have been mixed at best, but two brand-name venture capitalist firms see a winner in Kite, a startup building a blockchain to spur communication between different … Read more

Kite AI launches AI-Focused L1 Blockchain on Avalanche

Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data. The testnet on Avalanche (AVAX) aims to improve AI development by addressing blockchain scalability and efficiency challenges, according to a note shared with crypto.news. The platform introduces Proof of Attributed Intelligence, a consensus … Read more

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