At a conference in Bangkok, NEAR Protocol announced a project to create the largest open-source AI model in history with 1.4 trillion parameters.
Crowdsourcing and NEAR AI Research Hub
NEAR Protocol's project will leverage crowdsourced research and contributions from thousands of participants worldwide. They can start by training a more compact 500 million-parameter model in the newly established NEAR AI Research Hub.
Monetizing the AI Model and Preserving Privacy
NEAR Protocol has developed a sustainable business model involving token sales to fund the AI's computational needs. Co-founder Illia Polosukhin indicated securing $160 million is feasible, and tokenholders will receive rewards through model usage. The model uses Encrypted Trusted Execution Environments to ensure participant privacy.
AI Assistant: A Sneak Peek into the Future
NEAR Protocol also introduced an AI Assistant demonstrating infrastructure capabilities like memecoin creation and website design. It employs chain abstraction technology, allowing asset swaps across blockchains with a simple transaction signature.
NEAR Protocol's new project aims to bridge traditional web services with decentralized technologies, opening a broad range of collaborative and developmental opportunities in AI.
