As a seasoned researcher with a keen interest in blockchain technology and artificial intelligence, I find the recent $290 million capital financing for Zero Gravity Labs (0G Labs) to build the world’s first decentralized artificial intelligence operating system (dAIOS) incredibly intriguing.
0G Labs, in its latest announcement, disclosed a $290 million investment for constructing the globe’s initial decentralized Artificial Intelligence Operating System (dAIOS), a cutting-edge technological breakthrough.
As per a declaration made on November 13th, the startup successfully secured a $40 million seed funding round from various venture capital firms such as Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Animoca Brands, Stanford Blockchain Fund, Polygon, and numerous other investors.
An additional $250 million was obtained through a financing deal, providing the startup with a flexible credit line and a promise to buy their tokens. This flexible line will empower the 0G Foundation, the entity responsible for the protocol, to tap into pre-agreed digital assets held on exchanges at off-market rates.
According to Michael Heinrich, the co-founder and CEO of 0G Labs, the outcome of the fundraising “might open up exciting new opportunities for decentralized Artificial Intelligence.
Developing dAIOS
The funds will support the development of 0G Lab’s AI operating system — a blockchain-based infrastructure intended to support decentralized AI applications.
As per the document they’ve published, the design for this system is structured with a multi-tiered approach featuring a storage layer, an accessibility layer for data, and a network for delivering data (data service layer).
AI applications can offer significant advantages, such as lowering costs and simplifying the process of managing vast amounts of data and performing extensive calculations.
The protocol ensures a secure and distributed setting ideal for large data collections, capable of handling data transfer speeds of up to 50 gigabytes per second. As stated by 0G Labs, this system will incorporate an inference layer enabling real-time AI computations directly on the blockchain, thereby delivering quicker insights without necessitating off-chain processing.
Heinrich clarified that the team at 0G Labs is additionally distributing control over their network, “implementing alignment nodes, allowing ‘backers’ to possess a piece of the essential infrastructure.
Previously in an interview with CryptoMoon, Portfolio Manager Cosmo Jiang from Pantera Capital shared insights on the increasing blend of AI and blockchain technologies. He suggested that, similar to how the internet has transformed businesses over the last two decades, AI is expected to soon become indispensable for every enterprise.
In the future, it’s likely that there won’t be a clear divide between companies that focus on Artificial Intelligence (AI) and those that don’t. Instead, more and more traditional businesses may integrate AI solutions into their operations. As a result, we anticipate that numerous blockchain-based businesses will directly address issues related to AI or problems that can be effectively solved using AI technology.
In July, Sentient raised $85 million in funding to develop an open-source AI platform that enables developers to monetize their open-source models and data. The round was led by Peter Thiel’s Founders Fund, Pantera Capital and Framework Ventures.
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2024-11-13 17:13