PANews reported on September 23rd that the Financial Times reported that YZi Labs , an investment firm managed by Binance co-founder Changpeng Zhao ( CZ ), which manages approximately $ 10 billion, is considering opening up to external investors in the future. The firm currently focuses on investments in cryptocurrency, AI , and biotech, with funding provided by Zhao and early Binance executives. Head of the fund, Ella Zhang , stated that once the team has gained sufficient experience in AI and biotech, they will consider transitioning to an external fund. YZi Labs previously received $ 300 million in external investment, which was partially returned.