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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.
AI startup @NousResearch secures $50M in Series A funding at a $1 billion token valuation The round was led by crypto venture giant Paradigm, with prior backers Distributed Global, North Island Ventures, and Delphi Digital. https://t.co/bCRdc501rf
The future of AI is decentralized and open source. Excited for @paradigm to be leading @NousResearch $50M Series A! Wanna join the team? Message me, @Teknium1 or e-mail recruiting@nousresearch.com https://t.co/vOLVj5Q9kY
🚨LATEST: Nous Research raised $50 million from Paradigm to build open-source AI models on $SOL, leveraging global compute power to challenge Big AI. Could this spark a new wave of innovation on Solana? Read the full story below: https://t.co/5pmjDQVopq
