Manifold announces the acquisition of $10.5 million in Series A funding to develop its decentralized cloud service Targon.
What are Manifold and Targon
Manifold is a pioneer in decentralized AI, having developed the Targon platform based on the Bittensor network. This solution aims to create infrastructure for more open and collaborative AI development, overcoming the limitations of centralized systems.
Benefits and Challenges of Decentralized AI
Decentralized AI provides transparency and trust through blockchain usage. This avoids censorship and creates a fairer ecosystem, although challenges such as scalability and integration remain.
Future of Manifold and Decentralized AI
With the new funding, Manifold plans to optimize Targon and increase its commercial availability, stimulating the growth of decentralized AI and potentially leading to new applications across various industries.
The $10.5 million funding marks an important milestone for Manifold and decentralized AI, opening up new horizons for the development and deployment of innovative solutions.
