Decentralized AI protocol GaiaNet bags $10m from investors

As a crypto investor with a background in technology and artificial intelligence, I’m excited about the potential of GaiaNet to disrupt the centralized AI market. This decentralized AI provider is leveraging blockchain technology to create a more inclusive and democratic alternative to existing giants like Google.

As a crypto investor, I’m excited about the innovative approach of Decentralized AI developer GaiaNet. Instead of relying on traditional, centralized systems for artificial intelligence, GaiaNet is disrupting the norm by utilizing blockchain technology to establish a new decentralized paradigm. This shift towards a more distributed and secure system has the potential to revolutionize the way we develop and utilize AI applications.

Expert: GaiaNet, a decentralized AI provider, has raised $10 million in financing to construct a blockchain tailored for big language models and generative applications. These funds will facilitate the creation of a decentralized network of edge nodes operated by individuals and businesses. This initiative aims to make artificial intelligence more accessible by democratizing it as an alternative to dominant players like Google.

Matt Wright, the CEO of GaiaNet, expressed his ambition for the company to “reshape human-AI interaction and establish self-governing AI infrastructure.”

The company is tackling the scarcity of higher education specialists by introducing decentralized AI teaching assistants. This initiative extends their collaboration with the University of California, aimed at creating chatbots specifically for STEM students.

In the seed funding round, Generative Ventures’ Lex Sokolin, Republic Capital’s Brian Johnson, 7RIDGE’s Shawn Ng, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund, and ByteTrade Lab participated as investors.

According to ByteTrade Labs CEO Lucas Lu’s perspective, the investment in GaiaNet’s decentralized AI network brings about unlimited opportunities for collaboration between users and developers and intelligent agents.

In the second quarter of 2024, GaiaNet initiated the initial phase of product testing. The testnet and software development kit are anticipated to be made available in the third quarter of 2024.

In San Francisco, California, today, GaiaNet AI, a decentralized artificial intelligence (DEAI) project, announced the successful completion of a $10 million USD series seed funding round. applause_hand

— GaiaNet (@Gaianet_AI) May 28, 2024

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2024-05-28 20:30