(srgraphi/Shutterstock)
The decentralized AI house is evolving quickly, with progressive platforms discovering new methods to optimize sources and improve machine studying (ML) capabilities.
cost node It’s a type of platforms. It permits customers to contribute their unused web bandwidth by changing it into real-time information channels for AI coaching and growth.
The startup introduced that it has raised $7 million in its second spherical of financing. New buyers embrace IBC. Elevate Ventures, IDG Capital, Mythos, Optic Capital and Funders.VC. Present buyers equivalent to Animoca Manufacturers, Mirana, OKX Ventures, JUMP Crypto and Tokenbay Capital additionally participated.
By changing unused web bandwidth into useful information streams, Nodepay’s platform enhances synthetic intelligence programs with correct and well timed info. This not solely improves efficiency, but in addition permits for steady refinement via consumer suggestions, making programs extra responsive and efficient over time.
A key asset for Nodepay is its massive world neighborhood. Customers run privacy-protected nodes and earn rewards for sharing their extra bandwidth, making a real-time information feed. With the brand new financing, Nodepay goals to additional enhance its collaborative mannequin. Extra particularly, it goals to proceed commercializing its infrastructure to supply higher worth to its companion AI labs and neighborhood customers.
(Blue-Planet-Studio/Shutterstock)
“Our mission is to develop options that create tangible worth for each AI builders and their finish customers,” shared Darren Nguyen, co-founder of Nodepay. “We provide contributors a stake within the AI ecosystem that they basically assist construct.”
Based in 2024, Nodepay seeks to capitalize on two key alternatives: unused web bandwidth and rising demand for correct and numerous information to coach AI fashions.
Right now, AI distributors sometimes acquire information from the open Web, extracting content material equivalent to weblog posts, social media updates, and feedback. Nevertheless, this methodology ignores the worth of unused bandwidth. Nodepay permits customers to share their extra bandwidth, changing it into real-time information streams.
So why does information quantity or range matter? The quantity and variety of information is essential as a result of it ensures that AI fashions are educated in a variety of real-world eventualities. This improves its precision and adaptableness. The extra numerous and plentiful the info, the higher AI can generalize and performance in numerous contexts.
One other key benefit is the best way Nodepay addresses the problem of utilizing consumer information with out permission. With Nodepay, customers enroll voluntarily. They share their bandwidth and information with full consent, guaranteeing privateness and transparency within the course of.
Nodepay’s platform consists of a web3-centric decentralized response engine, reinforcement studying for extra correct mannequin outcomes, and gamified human verification. The platform makes use of blockchain expertise to supply decentralized companies and validate transactions. The Singapore-based startup claims that the mixture of those parts fosters a collaborative, progressive and honest AI ecosystem.
(phive/Shutterstock)
Nodepay appears fascinated by integrating AI and blockchain expertise. It makes use of blockchain for higher transparency and safety, eliminating the necessity for a centralized authority. Moreover, customers are rewarded with cryptocurrency for his or her contributions.
Node Factors will be redeemed for cryptocurrency tokens primarily based on the variety of hours linked to the platform. Nodepay additionally stated it plans to launch Solana, a serious blockchain community.
Eric Le, Chief Funding Officer at IDG Capital, stated: “The Nodepay crew is democratizing the AI financial system by offering a platform that permits customers to straight share the worth they create. “We’re proud to help their imaginative and prescient of creating AI extra accessible and useful for everybody.”
By involving folks from all around the world, Nodepay is making a shared method the place everybody can contribute and profit from technological advances. The startup already serves 1.5 million energetic customers around the globe. Many corporations are exploring methods to make AI growth extra inclusive and rewarding for contributors. Earlier this month, Sahara AI launched a new platform that rewards customers for creating AI coaching information units.
With contemporary capital in its pockets, Nodepay is able to develop its infrastructure, rewarding contributors whereas bettering information assortment throughout decentralized networks.
Associated articles
Knowledge Mesh 2.0: Realizing the promise of decentralization
Qlik Acquires Mozaic Knowledge to Assist Simplify Knowledge Administration for Enterprises
