ChainCatcher news, according to Chainwire, the decentralized AI training network Nodepay has announced the completion of its second round of financing, totaling $7 million. The latest round of investors includes IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Etherscan founder Matthew Tan, and CoinHako co-founder and CEO Yusho Liu. Previous investors in Nodepay's financing include Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.According to reports, Nodepay is a decentralized AI training network dedicated to democratizing AI training through real-time data retrieval. By converting idle internet bandwidth into resources, Nodepay powers the next generation of AI models.

ChainCatcher news, the decentralized AI training platform FLock announced the completion of a $3 million strategic round of financing, bringing the total financing to $11 million. This round of financing was led by Grayscale's parent company, Digital Currency Group (DCG), with Lightspeed Faction participating in a follow-on round, along with strategic partners such as Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41. This round of financing will enable FLock to advance the democratization of AI model development and continue to build a decentralized AI training platform.FLock aims to address issues such as lack of transparency, weak data privacy, and unfair compensation for contributors in traditional centralized AI systems through blockchain technology. With its decentralized collaboration model, data remains local and does not need to be uploaded to third parties, allowing contributors to fairly share the benefits derived from data, computing power, and feedback, giving everyone the opportunity to participate in AI development.

ChainCatcher news, the decentralized AI training network Nodepay has completed a new round of financing, with participation from Animoca Brands, Jump Crypto, Elevate Ventures, OKX Blockdream, Mirana Ventures, NGC Ventures, and others. The specific amount of financing and valuation information has not yet been disclosed.

ChainCatcher news, Meta will begin using content publicly shared by adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will use public information, such as posts, comments, photos, and captions from adult users on both platforms.Meta stated, "We are building AI at Meta to reflect the diverse communities around the world, and we look forward to launching it in more countries and languages later this year." Meta indicated that it will not use account information from individuals under 18 in the UK.In July, the Irish Data Protection Commission ordered Meta to suspend the launch of its AI assistant in the EU due to data privacy concerns, and Meta subsequently paused its AI rollout in the EU.

ChainCatcher news, according to Cointelegraph, after a court hearing in Ireland, the European Data Protection Board (DPC) stated that Elon Musk's social media platform X has agreed to stop collecting and processing user data in the EU.It is reported that the X platform has agreed to stop processing personal data contained in public posts of its EU/EEA users from May 7, 2024, to August 1, 2024, for the purpose of training its artificial intelligence Grok.

ChainCatcher news, according to The Block, the Web3 distributed AI training network PublicAI has completed a $2 million seed round financing, led by IOBC Capital, with participation from Foresight Ventures, Solana Foundation, Everstate Capital, and several well-known professors and academicians in the field of artificial intelligence. The funds raised will be used to accelerate the launch and commercialization of its training network.It is reported that PublicAI is committed to using blockchain technology to scale the production of massive amounts of high-quality training data, aiming to solve all the challenges faced by artificial intelligence to date, allowing all of humanity to participate in the co-construction of artificial intelligence and share its benefits.