• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

NEAR Protocol Announces Ambitious AI Project

user avatar

by Giorgi Kostiuk

a year ago

At the Bangkok conference, NEAR Protocol unveiled an ambitious project to develop the largest AI model in the world.

Creation of the Largest AI Model

NEAR Protocol plans to develop an AI model with 1.4 trillion parameters, 3.5 times larger than Meta's current Llama model. The development will involve crowdsourced contributions, with users able to train smaller models via the NEAR AI Research Hub.

Monetization and Data Protection

The project's business model includes monetizing the AI model through token sales to cover training and computational costs. Co-founder Illia Polosukhin emphasized the feasibility of securing $160 million. The model will use Encrypted Trusted Execution Environments to protect data privacy.

AI Assistant: Breakthrough Features

The conference introduced an AI Assistant showcasing NEAR's AI infrastructure capabilities. In the future, it will integrate with Web2 services, offering unique cross-blockchain asset swap technology.

NEAR Protocol's project illustrates a commitment to integrating traditional and decentralized technologies, opening new horizons for AI.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Remains Rangebound as Traders Await Volatility

chest

Ethereum remains rangebound between $3,802 and $4,154 as traders await volatility.

user avatarMaya Lundqvist

Claver Advocates for Institutional Lending Against Crypto Holdings

chest

Claver advocates for borrowing against appreciated crypto instead of converting it to fiat, allowing investors to access liquidity while preserving growth potential.

user avatarLeo van der Veen

Japan's Digital Asset Regulatory Overhaul Coincides with Bitcoin Mining Project

chest

Japan's renewed interest in blockchain infrastructure coincides with a digital asset regulatory overhaul, which includes proposals to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act.

user avatarLi Weicheng

Stablecoin Reserves to Enhance Treasury Utilization

chest

Regulatory changes mandate stablecoin reserves backed with short-duration US Treasuries, potentially lowering borrowing costs.

user avatarAisha Farooq

Viral Sperm Racing Event Captivates Crypto Market

chest

A sperm racing event in Los Angeles has drawn significant attention in the crypto market, linking health gamification with onchain betting activities, despite facing criticism over market manipulation.

user avatarTenzin Dorje

New York Proposes Tiered Excise Tax on Crypto Mining Energy Use

chest

New York State Senator Liz Krueger has proposed a tiered excise tax on energy used by crypto mining operations, aiming to incentivize energy efficiency and sustainability.

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.