coindesk.com
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.
Zero Gravity Labs (0GL) said it raised $40 million in seed funding from a number of heavyweight crypto investors to develop a decentralized AI operating system, dAIOS, following a $35 million pre-seed round in March.
dAIOS is designed to offer a decentralized environment for massive datasets to power AI computation.
The seed round included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon and its founder Sandeep Nailwal, and Animoca Brands and its founder Yat Siu, among others, according to an emailed announcement.
0GL said it also secured a $250 million "token purchase commitment" that will allow it to draw on liquid digital assets held on exchanges to further support project development.
The proliferation of AI tools in the last couple of years has prompted many blockchain projects to explore how decentralization can be applied to artificial intelligence to prevent huge datasets being concentrated under the auspices of just a few powerful entities.
Whether or not there is a use case for such projects remains to be seen, but it is evident that the great and the good of crypto VC are willing to spend tens of millions of dollars finding out.
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