San Francisco-based Poseidon has raised $15 million in a seed funding round led by a16z Crypto to create a decentralized data layer for AI training.
Funding and Project Goals
Poseidon aims to tackle the lack of high-quality, IP-cleared data necessary for AI development. According to Chief Scientist Sandeep Chinchali, the current bottleneck in AI progress is a shortage of quality data.
Decentralized Infrastructure for AI Data
The Poseidon platform will utilize decentralized infrastructure to legally gather and distribute data sets for commercial use. The integration with Story’s licensing framework will ensure tracing and monetization, allowing contributors to be compensated for their efforts.
Addressing AI Data Scarcity
a16z analysts note that available data sets, including books and public records, have been largely exhausted. Thus, Poseidon and its partners aim to create a decentralized approach that enables thousands of contributors to collaboratively source and maintain the data needed for next-gen AI.
Poseidon expects that its new developments will help address the current data scarcity challenges for AI, creating new economic opportunities for market participants.
