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

Binance Expands Use of Tokenized Stocks for Margin Utility

Binance has introduced a new feature allowing users to use eligible bStocks as collateral in its MultiAssets Mode.

user avatarMaya Lundqvist

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Ondo Finance Streamlines Institutional Stock Tokenization

Ondo Finance has introduced a new integration that simplifies the process of institutional stock tokenization by allowing direct contribution of existing equity inventory.

user avatarLi Weicheng

Investigation into Zondacrypto Founder’s Disappearance Intensifies

The investigation into the disappearance of Zondacrypto founder Sylwester Suszek has intensified as Polish police search a fuel depot linked to his last known whereabouts.

user avatarTenzin Dorje

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

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.