PayPal and General Catalyst lead $18 million investment in AI blockchain startup Kite

The company announced on Tuesday the collection of $ 18 million donations led by Paypal Ventures and Gender Catalyst. Participants in the series A 8VC, Samsung Next and Alumni Ventures included among others. Che Chang, founder and CEO of KITE, refused to unveil the startup assessment. She also refused to determine whether the increase was a pure shares or the orders of the distinctive symbol, which was promised by cryptocurrencies that have not yet been released.

The series A series follows a seed tour previously. The company raised $ 33 million in total.

“The usual way for us to do the shopping at the present time is to go to Amazon or Shopify store across the store, and find products,” Chang told Zhang. luck. “But in the future, everything will be automatic. So we will not need to leave, let’s say, confusion, or chat.”

Agents and blocs

KITE increases by $ 18 million a wave of noise for artificial intelligence agents. Large linguistic models such as GPTs from Openai or GewGle’s Gemini are closer to the large minds that can generate responses in the text on human information. Traditionally, these models are the general purpose and have sat on servers that do not communicate directly with other online applications.

Now, more and more developers are creating Amnesty International designed for specific use cases that can call other applications on one or online device. Some companies, such as Cursor, have created improved agents to write code. Others have created shopping agents of artificial intelligence, who can view the elements, for example, Amazon and give users options to purchase.

“If you look at the functional level of activities luck. “I think there is a lot of building the infrastructure level that still must occur in order for the agents to really become the transformative power to which it is somewhat head.”

Kite, previously known as Zettablock, aims to build this infrastructure. Zhang, who has a doctorate degree in statistics from the University of California, Berkeley, imagines the Internet where artificial intelligence agents interact with each other without there being human. It believes that in order for artificial intelligence agents to trust each other, there must be a common database that defines one, for example, as a truly representative of Amazon and another as Openai.

You think Blockchains, which are decentralized databases that no one controlled, is the solution, which is why Kite is building Blockchain for AI. One of its first company’s projects is to build a way for users to call ChatgPT to find it, for example, shirts from a store using Shopify and buying items-all through the text.

“I am very excited for the future, instead of concern about competition at the present time, because at the beginning of the agents,” Zhang said.

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