- Zero Gravity Labs raised $40 million to fund development of a decentralized AI operating system from several heavyweight crypto investors.
- In addition to the seed funding, the company secured a $250 million “token purchase commitment” that, it said, will let it draw on liquid digital assets on exchanges to further support project development.
As a seasoned analyst with over two decades of experience in the tech and crypto industries, I must say that the recent $40 million seed funding round for Zero Gravity Labs (0GL) to develop a decentralized AI operating system is an intriguing development.
Zero Gravity Labs (0GL) announced they’ve secured $40 million in initial financing from prominent cryptocurrency investors, aiming to construct a distributed artificial intelligence system called dAIOS. This move follows an earlier pre-seed round of $35 million that took place in March.
In simpler terms, dAIOS has been created as a decentralized platform where large data sets can reside, serving as the backbone for advanced artificial intelligence calculations.
According to an email announcement, the seed funding round saw participation from Hack VC, Delphi Digital, OKX Ventures, Polygon, and its creator Sandeep Nailwal, as well as Animoca Brands and its founder Yat Siu, among other investors.
0GL announced they’ve obtained a pledge for a “$250 million token acquisition,” which serves as a backup line of credit, enabling them to tap into readily available digital assets stored in exchanges, boosting their ability to fund ongoing project advancements.
Over the past couple of years, I’ve observed an increase in the use of AI tools. This trend has sparked my curiosity about how we can utilize decentralization in the realm of artificial intelligence. My aim is to find a way that prevents large datasets from being controlled by just a handful of powerful entities.
It’s still uncertain if these projects have practical applications, but it’s clear that prominent venture capitalists in the cryptocurrency world are prepared to invest tens of millions of dollars to explore this possibility.
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2024-11-13 17:21