Apr 25, 10:30 PM

Nous Research Raises $50 Million Series A Led by Paradigm at $1 Billion Token Valuation to Build Decentralized AI on Solana

Nous Research, an open-source artificial intelligence lab, has secured $50 million in Series A funding led primarily by crypto venture firm Paradigm. The startup aims to develop decentralized large language models (LLMs) on the Solana blockchain, leveraging idle GPUs worldwide to create a decentralized training network. Contributors to this network will be rewarded with tokens, positioning the project as an alternative to centralized AI models like ChatGPT and Llama. The funding round values Nous Research's token at $1 billion and includes participation from previous investors Distributed Global, North Island Ventures, and Delphi Digital. The initiative reflects a growing trend of integrating blockchain technology with AI development to foster open-source innovation and decentralization.

#Nous Research #Paradigm #Solana #ChatGPT #Llama #Distributed Global #North Island Ventures #Delphi Digital

Written with ChatGPT (GPT-4).

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Nous Research Raises $50 Million Series A Led by Paradigm at $1 Billion Token Valuation to Build Decentralized AI on Solana

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