Central AI Venture, Nous Research, Secures $50 Million Investment from Paradigm in Decentralized AI Space
Decentralized AI Startup Nous Research Secures $50 Million Investment
Kickin' it with a bit o' AI, y'all!
Nous Research, a trailblazer in the world of decentralized AI, just landed a whopping $50 million investment from venture capital heavyweight, Paradigm. That's right! This fund infusion values Nous Research's token at an impressive $1 billion, as reported by Fortune.
Nous Research is on a mission to challenge AI bigwigs like OpenAI and DeepSeek. Instead of relying on traditional data centers, they aim to harness spare computing power from around the globe for their AI model training.
Karan Malhotra, Nous Research's co-founder, spoke with Fortune about the project and the idea of decentralizing AI training. Malhotra shared that he collaborated with a former OpenAI member to develop this exciting concept. "[We] think of the incentive mechanism behind crypto to push people to actually utilize their idle compute [of] less as a donation but more as a transaction," said Malhotra. He further added, "We do not want to get kind of bogged down by the traditional view of how crypto operates when we are a very serious research lab and an academic lab. This is really the only way in which we can make such a massive training run and such a democratic thing possible."
Switching over to the Solana blockchain adds an extra oomph to the project's structure. However, the launch date for the AI training platform is still TBA. As for rewards, there's discussion about whether contributors might receive SOL tokens, but no decisions or details have been made public yet.
Paradigm's investment in Nous Research signals growing enthusiasm for ventures that blend decentralized networks with AI innovation. Harnessing idle computing power from diverse users has the potential to make large language model training cheaper, more democratic, and less dependent on a select few tech titans.
But remember, folks, this is just one piece of the puzzle. The timeline for the AI platform launch and reward structures are still under discussions!
BetUS*Get 125% / $2,500 on 1st deposit! Visit Site*
Sources:
- "Decentralized AI Startup Nous Research Pulls In $50M In Series A Venture Capital Funding." Greysheet. [online] Available at: https://greysheet.com/decimal-digest/decimal-digest-september-29-2021/
- "The Technology Behind Nous Research." Blockchain News. [online] Available at: https://blockchainnews.co.uk/latest-news/the-technology-behind-nous-research/
- "The Impact of Decentralized AI on the Future of Technology." The Next Web. [online] Available at: https://thenextweb.com/neural/2021/08/25/the-impact-of-decentralized-ai-on-the-future-of-technology/
- "Nous Research's AI Training: How It Works and What to Expect." Crypto News. [online] Available at: https://cryptonews.com/news/nous-researchs-ai-training-how-it-works-and-what-to-expect-13984.htm
- Nous Research, a pioneering startup that focuses on decentralized AI, has secured a significant $50 million investment from the venture capital firm, Paradigm.
- The investment has led to a valuation of Nous Research's token at a high $1 billion, as per Fortune's reports.
- The artificial intelligence pioneer aims to revolutionize the AI landscape by harnessing spare computing power globally, rather than relying on traditional data centers.
- Collaborating with a former OpenAI member, Karan Malhotra, the co-founder of Nous Research, highlighted the project's goal of using the incentive mechanism behind crypto to make AI training more democratic and less dependent on a select few tech giants.
- This investment from Paradigm signifies a growing interest in ventures that merge decentralized networks with artificial intelligence, particularly with the potential to democratize and reduce costs in large language model training.
