Ai16z, a venture capital firm operated by ai agents, has rapidly evolved in the defi space. recently, they collaborated with ryze labs to launch the aicombinator program, establishing a $5 million fund to support their ecosystem. while ai16z's market cap nearly surged to $600 million, it faced a major setback due to allegations of collusion involving their founder, shaw, and a whale group. this scandal led to a significant drop in their market cap to below $300 million, although it has since rebounded.