Decentralized AI Startup Nous Research Secures $50 Million Investment
Decentralized AI startup Nous Research has received a $50 million investment from venture capital firm Paradigm. This move could reshape the AI landscape, traditionally dominated by centralized players.
On April 25, Paradigm announced its backing of Nous Research.The startup plans to develop a decentralized AI model on the Solana blockchain.this project aims to create open-source large language models, similar to OpenAI’s ChatGPT and Meta’s Llama.
With this funding,Nous Research will build a decentralized AI model on Solana. The project aims to train open-source large language models,offering an choice to established platforms like ChatGPT. The models are still in testing, but the team has already made significant strides. They published a paper on training LLMs using GPUs from different locations.
What if all the world’s computing power could be harnessed for a shared, open-source AI model? The startup’s co-founder, Karan Malhotra, highlighted their “crypto-native” approach. The team believes in using blockchain to create a global computing network. Users can contribute their GPU power and earn tokens as a reward. This approach could democratize AI development.
Malhotra explained, “Our goal is to turn idle computing power into a valuable resource. It’s not just a donation; it’s a transaction.” The startup’s vision is ambitious: a global, collaborative AI training system. Their preliminary report on Distributed Training Over-the-Internet (DisTrO).
Nous Research’s team is “crypto-native,” according to co-founder Karan Malhotra. They plan to use Solana’s blockchain to create a decentralized computing network. Anyone can contribute their GPU power and earn tokens in return.
Malhotra addressed skepticism about AI and crypto, noting many projects are driven by hype. Though,he believes their research proves blockchain’s practical use in decentralized AI training.
this Series A round values Nous Research at $1 billion, with Paradigm as the primary investor.previously, the company raised $20 million from firms like Distributed Global and Delphi Digital.
