The decentralized AI platform Prime Intellect has completed a $5.5 million seed round financing, led by CoinFund and others
ChainCatcher news, according to PR Newswire, the decentralized AI platform and protocol Prime Intellect announced the completion of a $5.5 million seed round financing, led by Distributed Global and CoinFund, with participation from Compound and several angel investors.
It is reported that the new funds will be used to build a computing platform to enable decentralized training across instances and to achieve shared ownership of AI models through contributions of computing, code, data, capital, or expertise.
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