NEAR Protocol Develops 1.4 Trillion-Parameter AI Model

user avatar

by Giorgi Kostiuk

2 years ago

At its conference in Bangkok, NEAR Protocol announced the creation of the world's largest open AI model with 1.4 trillion parameters.

Development of AI Model

The NEAR project will be supported by crowdsourced research and contributions. Thousands of participants worldwide will collaborate to develop and enhance the model. The process will be accessible through the NEAR AI Research Hub, where users can start by training a smaller 500 million-parameter model.

Monetization and Privacy

One aspect of the model is its business model. NEAR Protocol has reportedly designed a sustainable framework that includes monetizing the model through token sales, intended to fund the costly training and computational needs. Co-founder Illia Polosukhin explained that tokenholders would be reimbursed through the inferences generated by the model. The model will use Encrypted Trusted Execution Environments (TEEs) to safeguard the privacy of participants and users.

Creating a sustainable business model is key for financing large-scale AI projects.Illia Polosukhin

The New AI Assistant

In addition to the model, NEAR Protocol introduced an AI Assistant demonstrating the capabilities of its new AI infrastructure. Polosukhin showcased how the assistant can create a memecoin, design a website, and even search for custom T-shirt printers. In the future, the assistant will be able to book flights, order food, and interact with Web2 services through the blockchain. A key feature is chain abstraction technology, allowing asset swaps across different blockchains.

NEAR Protocol offers new opportunities for AI development with models and assistants for integration with existing systems.

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

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

AnchorWatch Launches Bitcoin Custody Service in Nevada

AnchorWatch Trust Company has launched a Bitcoin custody service in Nevada, providing key control options and optional insurance.

user avatarBayarjavkhlan Ganbaatar

Blockchain Association Calls for Clearer DeFi Regulations

The Blockchain Association has called on the US Treasury to clarify regulations surrounding DeFi software and foreign stablecoin issuers under the proposed GENIUS Act.

user avatarMohamed Farouk

Cardano's Innovative Catalyst Pilot Program Emphasizes Real Adoption

Cardano has launched a pilot program under Project Catalyst, selecting 12 teams to address the issue of crypto grant funding leading to actual product usage.

user avatarElias Mukuru

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.