A16z-Led $43M Series A Funding Round for Gensyn

AI is becoming more popular, so more money is being put in. Gensyn said it would use the money to get the system going faster and hire more people.

Gensyn, a company that provides blockchain-based computing tools for artificial intelligence (AI) platforms, has raised $43 million in a Series A funding round led by a16z, a large venture capital firm.

Gensysn co-founder Ben Fielding said in a news release that for AI to reach its full potential, it needs a lot of computing power. “We are capturing the electricity of a new age and making it available to everyone at fair market prices and on an unlimited scale.”

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