Revolutionizing AI: Near Protocol’s $160M Decentralized Model

A Bold New Era for Decentralized AI: Near Protocol’s Ambitious Project

A revolutionary new project has been announced by Near Protocol, a company that plans to build the world’s largest open-source artificial intelligence model with an unprecedented number of parameters, totaling a staggering 1.4 trillion. This massive model will be a significant addition to the decentralized AI technology landscape, surpassing even Meta’s open-source Llama model.

The project is expected to cost approximately $160 million, according to estimates, but Near Protocol co-founder Illia Polosukin has confirmed that the company will use token sales to finance the expensive training process. After the model is deployed, tokenholders can rest easy knowing that they will be able to recover their funds once earnings are made.

The Near AI Hub: A Collaborative Effort

The Near AI hub will function as the central hub for the project, where researchers and contributors will collaborate on crowdsourced inputs to advance the development of the prototype. All participants in the industry will be included in this project, with only the most exceptional researchers and contributors being kept from the initial phase to the final model.

A Seven-Stage Journey

The project’s reach is impressive, as the model is set to expand across seven stages. As the prototype develops, it will continue to evolve and improve, while also incorporating cutting-edge AI development methods. This iterative process will ensure that the final product is truly state-of-the-art, pushing beyond what currently exists with AI technology.

Monetization and Incentivization

One of the most captivating aspects of this project is its emphasis on monetization. The model will use an encrypted Trusted Execution Environment to reward contributors for their hard work and dedication. By implementing this new method, participants will receive secure and transparent compensation, creating a robust incentive system.

The Significance of Decentralized AI

The significance of decentralized AI technology cannot be overstated, and Edward Snowden’s remarks at the announcement event underscore the far-reaching impact of this initiative. Snowden stressed the importance of decentralized AI to prevent the rise of a centralized surveillance state, where power and control are held by petty individuals. He also noted that many current AI models are being developed and managed by centralized entities, which can lead to discriminatory behavior, misinformation distribution, and other problems.

A New Era for AI

The project by Near Protocol aims to decentralize AI, which will in turn democratize access and ensure that the benefits of AI are distributed equally. In essence, this ambitious initiative is a turning point in the evolution of decentralized AI technology through its crowd-sourced model, grand scale, and innovative monetization strategy.

Read More About the Future of AI

Want to learn more about the latest developments in AI and decentralized technology? Check out our article on “The Decentralized Future of AI Tech” on CoinSeeks.com, where we explore the exciting possibilities and implications of decentralized AI technology.

With the project under way, it will be intriguing to see how this innovative initiative fits into the future of artificial intelligence. One thing that has become clear in recent years is that the need for decentralized, transparent, and community-driven AI technology has never been more pressing. Near Protocol’s project is a shining example of progressing towards collaboration with others and working towards the greater good. As the project develops, it will be fascinating to witness how it inspires a fresh wave of innovation and progress in AI.