Kaito Secures $5.5M To Power AI Search Engine For Crypto – Block Build Africa
Kaito, an artificial intelligence (AI) search engine geared to the crypto industry, raised $5.5 million in a Series A fundraising round at an $87.5 million valuation.
Crypto businesses are becoming more inclined to turn to artificial intelligence (AI) to supplement revenue streams or improve products and features.
According to its LinkedIn post, the Kaito search engine went live in Beta mode on June 20 to 35,000 waitlisted customers.
It integrates large language models (LLMs) with real-time web data access, such as Twitter, Discord, Telegram, governance forums, Medium, Mirror, industry research, news, Kaito’s own Twitter Space, podcast transcripts, and on-chain data.
As explained by the CEO and founder of Kaito, Yu Hu commented that ChatGPT has limited links to many on-chain data and this has limited people’s demands in the crypto space.
LLMs, such as OpenAI’s ChatGPT and Google’s Bard, are artificial neural networks trained on big language datasets to understand and generate…
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