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

AI Agents May Become New Bitcoin Users with pi402

The introduction of pi402 may lead to autonomous AI agents becoming a new category of Bitcoin users.

user avatarGustavo Mendoza

Lightning Labs Unveils New Bitcoin Payment Technology for AI Agents

Lightning Labs has launched pi402, a new technology enabling AI coding agents to make payments directly using Bitcoin.

user avatarRajesh Kumar

Chainstack Expands Incident Report on Security Breach

Chainstack has updated its incident report detailing an October security breach caused by access control failures.

user avatarMiguel Rodriguez

Sygnum Launches ETH Alpha Fund Targeting 8-10% Annual Returns

Sygnum has launched its ETH Alpha Fund targeting annual returns of 8-10% for professional investors, combining staking with various strategies.

user avatarLuis Flores

Chainlink and Moody's Ratings Complete Crosschain Distribution Pilot

Chainlink and Moody's Ratings have successfully completed a pilot project utilizing the CrossChain Interoperability Protocol to distribute credit information across multiple networks.

user avatarArif Mukhtar

Solana Foundation Plans Custom Rings for Institutions

The Solana Foundation is working on Custom Rings for institutions, expected to provide configurable privacy and auditor access.

user avatarDavid Robinson

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.