0G Labs Secures $40M Investment for Decentralized AI

user avatar

by Giorgi Kostiuk

2 years ago

0G Labs has announced the successful raising of $40M to further its efforts in decentralized AI development, marking a significant milestone in its mission.

Funding and Investors

0G Labs has secured $40 million in investments, adding to the previously raised $35 million. The round attracted participants like Hack VC, Delphi Digital, OKX Ventures, Samsung Next, among others. Additionally, the 0G Foundation, managing the 0G Protocol, secured a $250 million liquid line and token purchase commitment, bringing the total committed capital to $325 million.

The Role of Decentralization in AI Development

Michael Heinrich, co-founder and CEO of 0G Labs, emphasized the need for decentralization in AI development, citing concerns about transparency and control in the largely centralized AI industry.

AI is transforming every facet of our lives, but its development has been largely centralized, raising concerns about transparency and control... with dAIOS, we’re building an open and decentralized AI Operating System that ensures security, transparency, and accessibility. This funding will allow us to accelerate our mission.Michael Heinrich

Innovations with dAIOS

dAIOS, as a decentralized AI operating system, aims to bridge web3 and artificial intelligence, offering optimized solutions for on-chain data processing with high throughput. The system will handle up to 50 GB of data per second, providing a secure data-processing environment that operates transparently and safely without relying on off-chain operations.

With significant investment secured, 0G Labs strengthens its efforts to advance decentralized AI solutions, combining technological innovation with support from leading investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

user avatarDavid Robinson

Strategy Reports Significant Bitcoin Holdings and Digital Asset Gains

Strategy reports 848,517 BTC holdings and $20.91 billion gains from digital assets.

user avatarAndrew Smith

Binance Announces Phased Withdrawal Restart

Binance has announced a phased approach to restarting withdrawals, having replenished 95% of affected assets.

user avatarJacob Williams

Bitcoin Price Recovery Approaches $78,000

Bitcoin's price recovery has brought it closer to the $78,000 mark after a week of volatility.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.