Fun

Sahara AI secures $43M to develop collaborative, decentralized AI platform

News Feed - 2024-08-14 10:08:00

Ana Paula Pereira11 hours agoSahara AI secures $43M to develop collaborative, decentralized AI platformSahara AI’s funding round was led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung and Matrix Partners, among other investors.983 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onDecentralized platform Sahara AI has raised $43 million in funding to develop an artificial intelligence and blockchain-based collaborative economy. 


The round was led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung NEXT, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures and other investors.


The startup has been working since 2022 on a platform that will allow onchain attribution throughout the AI development cycle, providing rewards for participants for operating infrastructure, fine-tuning a model, building an autonomous agent, contributing knowledge or developing an application.


“Most AI today remains trapped in a Web2 paradigm where users trade their knowledge for access to AI or machine learning tools. There is often no transparency on how users’ proprietary models and agents are used by these centralized AI providers, and no protection or compensation for users’ contributions,” Sean Ren, CEO and co-founder of Sahara Labs, told Cointelegraph.


The company pledges to deliver a secure and transparent “copyright” framework for managing AI assets on the blockchain through its Sahara Blockchain Protocols. According to Ren, these protocols include AI-based solutions for tracking assets, licensing for controlling access, ownership for securing nontransferable records and attribution for tracking contributions and distributing revenue.


Related: Hong Kong launches generative AI Sandbox for finance sector


“This ensures that all contributors are fairly compensated, sovereignty of data and models are maintained, and AI assets can be securely created, shared and traded, all while preserving privacy and promoting inclusivity,” said Ren.


Tyler Zhou, co-founder and chief operating officer at Sahara AI, is also behind the startup. According to his LinkedIn profile, Zhou is also an investment director at Binance Labs.


“Our team saw this challenge within the existing AI landscape and we started brainstorming solutions in Q2 2022 (pre-GPT era) as one of the earliest,” said Ren about the alleged lack of transparency and centralization of power behind major technology companies working on AI solutions.


“Users frequently interact with AI-driven services without knowing how their data is being used or the providence of the information that contributed to the AI’s outputs,” he continued, adding that “as AI becomes more powerful, questions arise about who controls these systems and how they’re used.”


Sahara’s testnet and mainnet are expected to go live in the coming months.


Magazine: AI Eye: AI bubble not over yet despite entering "trough of disillusionment"# Blockchain# Business# Decentralization# Startups# AIAdd reaction

News Feed

Bitcoin, Ethereum Technical Analysis: Bullish Sentiment Returns to BTC Following Yesterday’s Sell-Off
Bitcoin, Ethereum Technical Analysis: Bullish Sentiment Returns to BTC Following Yesterday’s Sell-Off Following yesterday’s drop in price, bitcoin stabilized during Thursd
Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions
Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions Pakistan can generate tax revenues of at least $90 million each year if authori
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing "Professional Investor-Only Requirement" The director of licensing and head of the fintech unit of Hong Kong’s
Asia’s Largest Web3 Event TOKEN2049 Hits 200 Sponsor Milestone, Announces New Headline Speakers
Asia’s Largest Web3 Event TOKEN2049 Hits 200 Sponsor Milestone, Announces New Headline Speakers press release SINGAPORE — 8 July 2022 — TOKEN2049, Asia’s prem
Rick Porter4 hours agoBuckle up, Reddit: Closed APIs cost more than you’d expectOpen APIs are vital for healthy communities on social platforms. With Web2 companies beginning to reject that principle, Web3 could be poi
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases A recent survey study has found that two out of five Americans in committed relations
Stellar (XLM) Chart Signals Major Rally —Is A 330% Surge Coming?
Este artículo también está disponible en español. The Stellar (XLM) market has registered a price boost in the past day gaining by 10.77% according todata from CoinMarket
TXSE ‘upstart’ stock exchange could become a crypto-friendly challenger
Andrew Singer10 hours agoTXSE ‘upstart’ stock exchange could become a crypto-friendly challengerWhile there are many challenges for a new stock exchange in the U.S., many observers are optimistic about what it could
Progmat, DMM partner to introduce stablecoin for Seamoon Protocol
Derek Andersen7 hours agoProgmat, DMM partner to introduce stablecoin for Seamoon ProtocolThe DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well. 1
South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat
South African Expert Says Tax-Dodging Crypto Traders Face Heightened Jail Threat A South African tax expert, Thomas Lobban, has warned non-tax paying crypto trad
Tristan Greene17 hours agoCrypto investment products see largest weekly inflow since July 2022CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment produ
Hong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’
Tom Mitchelhill8 hours agoHong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’Bloomberg ETF analyst Eric Balchunas says crypto investors should reign in their expectations over a spate of recently approved