Atua developer pledges $100m fund to develop AI tools for Ripple platforms

KaJ Labs, developer of artificial intelligence platform Atua, announced that it will invest $100 million to create advanced artificial intelligence solutions for the XRP ecosystem.

According to the press release, KaJ’s investment is intended to be used to drive the adoption of AI-driven solutions and adapt its capabilities to fit the decentralized finance and corporate operations environment found in the Ripple (XRP) ecosystem.

Atua AI is known as an on-chain enterprise platform that uses AI-led technology to improve business operations. By integrating Atua’s AI-driven technology with XRP’s blockchain technology, the platform hopes to bridge the gap between blockchain and AI technology.

The $100 million investment will be allocated to research and development, AI model training, and deployment of AI solutions specifically designed to fit the needs of XRP-based platforms.

“This move is poised to bolster enterprise functionality by offering real-time analytics, predictive insights, and automated workflows to businesses using Ripple’s decentralized framework,” Atua AI wrote in its press release.

By focusing on the Ripple ecosystem, KaJ Labs aims to leverage the advantages of XRP’s infrastructure to deploy AI-powered tools that have the blockchain’s capacity to improve business operations, improve automation, and improve decision-making processes for businesses globally.

With this investment, KaJ Labs hopes to contribute to the growing trend of companies combining blockchain and artificial intelligence technologies and create more opportunities for innovation in the crypto sector.

As previously reported by crypto.news, an analysis by Syncracy Capital found that Crypto x AI accounts for just 1% of the total crypto market. The co-founder of Syncracy Capital believes that the industry has the potential to jump 10x as more AI broker platforms enter the crypto industry.

Recently, blockchain tool developer Tools for Humanity collaborated with AI startup Modulus Labs to improve the security and scalability of World, the layer-2 network previously known as Worldcoin.