Major Investment of Approximately $50 Million Poured into Solana-Linked Decentralized AI Venture, Details Revealed in Report
Hear the Latest: Solana-Based AI Startup Nous Research Secures $50 Million Investment
Fire up your crypto minds, folks! One of the most influential venture capital firms, Paradigm, is throwing down a whopping $50 million into the Solana-powered AI player, Nous Research. Here’s a scoop on why this investment is turning heads and an inside look at Nous' unique approach to AI development.
Nous Research is a specialized AI company with a knack for creating human-centric language models. Using smart contract platform Solana, Nous aims to ditch conventional central data centers and tap into spares computing capacity scattered around the globe, making AI training more accessible than ever before.
Speaking to Fortune, Karan Malhotra, co-founder of Nous Research, explains, "We think of the incentive mechanism behind crypto to push people to actually utilize their idle compute less as a donation but more as a transaction... We don't want to get kind of bogged down by the traditional view of how crypto operates when we're 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."
Nous Research, cobbled together by Malhotra and a former OpenAI team member, has cultivated a novel technique to facilitate the operation of training AI models in this decentralized setup. Of course, the rollout date for their AI training product has yet to be announced, and it remains unclear if rewards will be doled out in SOL.
Keep an eye on The Daily Hodl for updates and more crypto insider scoops on how Nous Research continues to shape the future of AI development within the Blockchain universe.
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Sources:[1] Fortune[2] Coin Telegraph[3] PC Gamer[4] Coin Insider[5] Coin Crunch
- This $50 million investment by Paradigm into Solana-based AI startup, Nous Research, could revolutionize AI development within the blockchain universe.
- Nous Research, with its human-centric language models, utilizes the Solana blockchain to access spare computing capacity globally, democratizing AI training.
- The co-founder of Nous Research, Karan Malhotra, views the incentive mechanism behind cryptocurrency as a transaction, not a donation, for utilizing idle compute.
- Nous Research, formed by Malhotra and a former OpenAI team member, has developed a unique technique to operate AI models in a decentralized setup, but the release date for their AI training product is yet to be announced.
- As Nous Research continues to shape the future of AI development, stay updated on reward details, rollout dates, and more by following The Daily Hodl for exclusive crypto insights and subscribing to their email alerts.
