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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

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.