NEAR Protocol Works on World's Largest Open AI Model

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by Giorgi Kostiuk

2 years ago

At a recent conference in Bangkok, NEAR Protocol announced the development of the largest open AI model in history with 1.4 trillion parameters.

NEAR Protocol's New AI Model

NEAR Protocol has unveiled its plans to create the largest open-source AI model ever, featuring 1.4 trillion parameters, which is 3.5 times larger than Meta's current Llama model. The development will be driven by crowdsourced research and contributions from numerous participants worldwide. This initiative will be accessible through the newly established NEAR AI Research Hub.

Monetization and Data Protection

The AI project will be monetized through token sales to fund the training and computational needs. Co-founder Illia Polosukhin highlighted the feasibility of raising $160 million and explained that tokenholders would be reimbursed through model usage. The model will utilize Encrypted Trusted Execution Environments (TEEs) to protect privacy. Contributors will be rewarded, creating a sustainable ecosystem for innovation within the project.

Introduction of AI Assistant

NEAR Protocol also introduced an AI Assistant, showcasing real-world capabilities of its AI infrastructure. This tool allowed the creation of a memecoin, website design, and finding custom T-shirt suppliers in seconds. In the future, its functionality is expected to expand, enabling activities such as booking flights or ordering food. This tool features chain abstraction technology, allowing asset swaps across multiple blockchains with a simple transaction signature.

NEAR Protocol aims to bridge the gap between traditional web services and decentralized technology, opening new possibilities for users and developers.

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