Based on BeInCrypto, Pi Network Ventures, the startup fund of Pi Network, has made its first investment in OpenMind, an AI robotics firm. The investment is part of Pi Network’s $100 million Ventures initiative launched in May to support projects that enhance the utility of Pi Coin. In a proof-of-concept experiment, Pi Node operators ran OpenMind’s image recognition models, demonstrating the network’s ability to handle AI workloads. Additionally, Pi Network integrated AI into its KYC process, verifying over 3.36 million accounts. The developments coincided with a 29% weekly surge in Pi Coin’s price, making it one of the top weekly gainers on CoinGecko.
Pi Network Invests in AI Robotics Firm OpenMind, Pi Coin Surges 29% Weekly
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