• 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

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Australian Executive Faces Sentencing for Selling Cyber Tools to Russia

chest

Peter Williams, an Australian executive, pleaded guilty to selling sensitive cyber tools to a Russian broker, raising concerns about intelligence security among Five Eyes allies.

user avatarMaria Fernandez

Cardano Sees Significant Drop in Project Launches

chest

The Cardano network has seen a significant decline in project launches since 2021, raising concerns about future development and focusing on long-term adoption.

user avatarGustavo Mendoza

Potential Fractal Pattern Offers Hope for Ethereum's Recovery

chest

A fractal pattern suggests a potential for a larger breakout in Ethereum's price movement, indicating a transition from accumulation to markup.

user avatarRajesh Kumar

Grayscale Boosts Cardano Holdings Despite Price Drop

chest

Grayscale Investments has increased its allocations to Cardano (ADA) despite a price drop, indicating renewed interest from institutional and retail investors.

user avatarMiguel Rodriguez

Ethereum Market Shows Signs of Cooling as Temperature Approaches Cold Levels

chest

Recent analysis by Alphractal indicates that Ethereum's market temperature is nearing cold levels, suggesting a potential for long-term accumulation.

user avatarLuis Flores

Ethereum Staking Reaches Historic Milestone as Over 50% of Supply is Locked

chest

Ethereum's staking ecosystem has reached a significant milestone with over half of its total supply now staked.

user avatarArif Mukhtar

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.