NEAR Protocol Launches Largest AI Model at Bangkok Conference

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by Giorgi Kostiuk

2 years ago

At the Bangkok conference, NEAR Protocol unveiled its plan to create the world's largest open AI model with 1.4 trillion parameters.

Crowdsourcing and Innovation

The NEAR model will be developed with contributions from numerous participants worldwide. The creation process will be accessible via the NEAR AI Research Hub, starting with a smaller 500 million-parameter model.

Monetization and Privacy Protections

The model's monetization involves token sales to fund the extensive computational resources required. Co-founder Illia Polosukhin highlighted the $160 million needed for the project, with tokenholders receiving rewards from model usage. Privacy will be safeguarded using Encrypted Trusted Execution Environments (TEEs).

NEAR Assistant: A Glimpse into the Future

An AI Assistant was also introduced at the conference, showcasing the capabilities of NEAR’s AI infrastructure. Though still in development, it can already perform tasks like creating memecoins and designing websites. Future versions will book flights and order food.

NEAR's project emphasizes the integration of blockchain technology and AI, while continuing to enhance the functionality of its assistant.

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