NEAR Protocol Announces the World's Largest Open AI Model

by Giorgi Kostiuk

2 years ago

At a conference in Thailand, NEAR Protocol unveiled its ambitious plan to create the world's largest open-source AI model with 1.4 trillion parameters.

Development and Collaborations

The model will be developed through crowdsourced research and contributions from participants worldwide. The development process will be accessible through the NEAR AI Research Hub, where users can begin by training a smaller 500 million-parameter model.

Monetization and Data Protection

NEAR Protocol has designed a sustainable business model that includes monetization through token sales to finance training and computational needs. Co-founder Illia Polosukhin mentioned that the necessary $160 million can be secured. Participants will be rewarded for their contributions, and modern data protection technologies will ensure safe usage.

Polosukhin also explained that tokenholders would be reimbursed through the inferences generated by the model.Illia Polosukhin

AI Assistant Prospects

In addition to the AI model, NEAR Protocol introduced an AI Assistant. This tool demonstrates NEAR's AI capabilities, allowing a range of actions from creating memecoins to finding T-shirt printing services.

NEAR Protocol's project demonstrates the potential for developing decentralized technologies and their integration with Web2 services.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Optimism Launches Superchain Interoperability Upgrade on Sepolia Testnet

Optimism has successfully launched its Superchain interoperability upgrade on the Sepolia testnet, allowing developers to test cross-L2 messaging across OP Stack chains.

Mohamed Faroukan hour ago

XRP Ledger Achieves Key Milestone with AMM Amendment

The XRP Ledger has achieved 80 validator consensus for its Automated Market Maker amendment, marking the start of the activation window for native AMM functionality.

Elias Mukuru2 hours ago

Solana Validator Adoption of v118 Client Reaches 85% of Consensus Stake

The adoption of the v118 client by Solana validators has reached a significant milestone, marking 85% of consensus stake.

Diego Alvarez3 hours ago

Sui Foundation Unveils $10 Million Fund for AI and DeFi Development

The Sui Foundation has launched a $10 million ecosystem fund aimed at fostering decentralized AI infrastructure and DeFi protocols on the Sui blockchain.

Kenji Takahashi4 hours ago

Aave Governance Approves Parameter Update for Base Mainnet

Aave governance has approved a parameter update for the Base mainnet in its v3 deployment, focusing on risk settings and collateral caps to enhance liquidity access and manage risk effectively.