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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Other news

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.

user avatarAyman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.

user avatarTando Nkube

Qubic Network Halts Operations Following Major Security Breach

Qubic has halted its network operations after a significant security breach, where attackers exploited weakly generated wallet credentials to steal approximately 14 million in cryptocurrency from over 1,400 accounts.

user avatarKofi Adjeman

JPMorgan Expands JPM Coin to Public Ethereum for Institutional Users

JPMorgan is launching its bank-issued deposit token, JPM Coin, on the Ethereum blockchain for institutional users.

user avatarNguyen Van Long

Trump Shifts Investment from Micron to Meta Amid AI Growth

Former President Donald Trump sold a significant portion of his Micron shares and invested heavily in Meta stock amid AI growth.

user avatarSatoshi Nakamura

Missouri Faces Federal Court Challenges Over Sports Prediction Contracts

Missouri is facing federal court challenges over its crackdown on sports prediction contracts, with lawsuits filed by companies linked to Cryptocom and Novig arguing for federal oversight instead of state classification as unlicensed gambling.

user avatarJesper Sørensen

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.