Gradient Network, a decentralized artificial intelligence infrastructure project, has announced the completion of a $10 million funding round.
Project Goals and Core Concept
Gradient Network announced the closing of a $10 million funding round led by Pantera Capital and Multicoin Capital, with participation from HSG and a group of angel investors. The project aims to create a decentralized infrastructure for AI focused on data security, equitable access, and user privacy protection.
Brand Update and New Products
According to the company's statement, this funding milestone coincides with the introduction of its refreshed brand identity and a new guiding statement: 'Distributing the world’s intelligence.' Gradient plans to launch new products, publish research papers, and open contribution channels for developers and researchers.
Technological Innovations: Lattica and Parallax
Gradient is introducing two new protocols: Lattica and Parallax. Lattica is a data communication protocol that ensures fast and reliable interaction between devices, while Parallax is a decentralized inference engine that enables effective and secure use of large language models across various devices.
With the completion of the $10 million funding round, Gradient Network plans to accelerate the development of its decentralized AI infrastructure, which could transform the approach to using AI technologies in the future.
