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

NEAR Protocol Announces the World's Largest Open AI Model

user avatar

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.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Asserts US Dominance Over Strait of Hormuz Amid Tensions

chest

US President Donald Trump claims total US control over the Strait of Hormuz amid tensions with Iran, despite a significant drop in maritime traffic.

user avatarAndrew Smith

Crypto Market Faces Layoffs and Shifts in Investment Trends

chest

The crypto market is currently facing significant layoffs, with firms like Coinbase and FalconX reducing their workforce. Retail investors are increasingly shifting their focus from cryptocurrencies to sports betting platforms and AI stocks.

user avatarZainab Kamara

Bitwise Asset Management Reduces Staff Amid Market Adjustments

chest

Bitwise Asset Management has reduced its staff by approximately 14 employees, bringing its total workforce to about 155, while maintaining that it is still the largest in the company's history.

user avatarJacob Williams

Arthur Hayes Outlines Yenquake Macro Thesis Impacting Bitcoin

chest

Arthur Hayes proposes a macro thesis called 'Yenquake', suggesting that supporting the Japanese yen could inject dollar liquidity into global markets, potentially benefiting Bitcoin.

user avatarSon Min-ho

Jupiter Introduces Smart Debt Feature to Boost DeFi Efficiency

chest

Jupiter has launched a new feature called Smart Debt through its Jupiter Lend platform, allowing users to deploy borrowed assets into DEX liquidity pools to earn trading fees.

user avatarAyman Ben Youssef

Three Indicators for Bitcoin's Return to $100k

chest

Experts identify three signs that may indicate Bitcoin's potential to reclaim the $100k price level.

user avatarKofi Adjeman

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.