Paradigm has raised $1.2 billion for its fourth fund, which will expand the crypto venture capital firm’s investments into artificial intelligence and related technologies.The company said on Wednesday that its latest fund will invest “first in crypto, and now across AI, robotics and other frontiers.”“We continue investing in crypto and the reinvention of markets and the financial system,” Paradigm added, highlighting its investments in the crypto perpetuals exchange Hyperliquid and the prediction markets platform Kalshi.Paradigm launched in 2018 and has raised more than $4 billion for three funds focused on crypto. Its interest in AI follows a trend of originally…

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