Odaily Planet Daily News Paradigm partner Matt Huang said in an interview with The Information that Paradigm will not give up investing in the encryption field and will raise a US$1 billion fund by the end of the year or early next year. This follows news in May that Paradigm is expanding its focus solely on cryptocurrencies to include “cutting-edge” technologies such as artificial intelligence (AI), according to people familiar with the matter. The company removed mentions of cryptocurrency/Web3 from its homepage earlier that month and now calls itself a “research-driven technology investment firm,” according to its official page. This signals that the company is repositioning itself to deal with some of the storms in the crypto space and regulatory uncertainty in the United States.