Nous Research secures $50M from Paradigm to build decentralized AI on Solana
Nous Research, a decentralized AI startup, has raised $50 million in a Series A funding round led by Paradigm, achieving a valuation of $1 billion. The funding will enhance their development of open-source AI models utilizing decentralized infrastructure and worldwide computing power. Unlike conventional approaches, Nous allows individuals globally to contribute idle computing resources for AI training, addressing issues of centralization seen in big players like OpenAI. Founded by prominent AI researchers, the team will focus on scaling compute capabilities and advancing their research. Paradigm's investment reflects a growing interest in AI within the crypto investment landscape, promoting an open, community-driven model that stands in stark contrast to traditional centralized efforts. This positions Nous Research as a significant player in the evolving field of decentralized AI.
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