Pi Network Ventures has announced its participation in a $20 million funding round for OpenMind, marking a significant step into the field of artificial intelligence.
Investments in OpenMind and its technologies
Pi Network has made its first significant venture capital move by investing in OpenMind, a company developing universal operating systems for robotics. The funding round also attracted investors such as Pantera Capital, Coinbase Ventures, and Sequoia China. OpenMind's OM1 technology facilitates software compatibility for various robots.
Pi Network community: supporters and critics
The investment has elicited mixed reactions within the Pi Network community. Supporters highlight the strategic importance of integrating advanced technologies, while critics express concern over resource allocation priorities, emphasizing the need to focus on infrastructure upgrades and ecosystem integration.
Ongoing development of the Pi Network platform
Pi Network continues to enhance its platform, including recent security updates. Following wallet security incidents, the team implemented Passkey authentication for simplified user account protection. Meanwhile, speculation continues about potential exchange listings, especially amidst rumors of partnerships with Binance.
Pi Network's investment in OpenMind demonstrates the company's ambition to expand beyond traditional cryptocurrency boundaries and establish a presence in new technology sectors.
