Sahara AI acquires $43 million to develop decentralized AI systems

Up-and-coming tech company Sahara AI has received $43 million for its ambitious goal of integrating blockchain technology with artificial intelligence to create a decentralized collaborative platform.

Leading investors in this investment round include Matrix Partners, Samsung NEXT, and Pantera Capital, with contributions from Polychain Capital and Binance Labs.

In the AI ​​business, where large, centralized companies typically dominate the creation and deployment of AI models, Sahara AI, founded in 2022, is changing the current status quo.

The company’s goal is to democratize AI by providing a platform where contributors can actively engage and benefit from the AI ​​development process.

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This methodology stands in stark contrast to the prevailing Web2 paradigm, where users often exchange their data and expertise without any transparency or payment.

According to Sahara AI CEO and co-founder Sean Ren, the platform will enable on-chain attribution at every stage of the AI ​​development process.

This means fair compensation will be given to all parties involved, including those running the infrastructure, refining the models, and providing information.

“In the current landscape, users often have no visibility into how their data and models are used, and there is a lack of protection for their contributions. We aim to change that by providing a transparent and secure framework through our Sahara Blockchain Protocol,” Ren said.

 

 

 

Sahara AI Acquires $43 Million to Develop Decentralized AI Systems First Posted in Latest Nigeria News | Ripples Nigeria Headlines