Binance continues to expand its investment horizons, with its venture team YZi Labs recently announcing an investment in USDAI, a startup operating at the intersection of cryptocurrency and artificial intelligence.
Recent Investments from Binance
YZi Labs, Binance's venture arm, has invested in USDAI, which focuses on integrating artificial intelligence into financing. USDAI has so far raised $62 million and is working on providing hardware support for AI infrastructure.
YZi Labs and USDAI Partnership
Dana Hou, YZi Labs Investment Partner, stated:
> "At YZi Labs, we support developers who integrate Web3 with real-world demand. USDai aligns incentives among depositors, borrowers, and infrastructure providers by transforming AI hardware financing into a DeFi-based yield product. What impressed me most was the founders’ relentless pursuit of real PMF and their determination to develop a commercially viable product.”
David Choi, co-founder of USDAI, expressed:
> "We are laying a financial foundation for a new generation of entrepreneurs. Not everyone has a CFO or Wall Street connections, but they have machines and futures to build. We are thrilled that YZi Labs supports our mission.”
Scale of YZi Labs Investments
YZi Labs manages $10 billion in global crypto investments and has invested in over 300 projects, with 65 stemming from the firm's own incubation program.
Binance's investment in USDAI highlights the growing integration of artificial intelligence technologies into the financial sector, opening new horizons for entrepreneurs and developers.
