ChainCatcher news, Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A funding round, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, 10K Ventures, Ambush Capital, and several angel investors. With this investment, Hyperbolic has raised a total of $20 million.The new funds will be used to expand the engineering and strategic teams and enter the market. Hyperbolic plans to launch its own blockchain next year. According to reports, Hyperbolic aims to provide verifiable, secure, and reliable AI services to the market by integrating global GPU computing resources and incorporating blockchain technology, effectively alleviating the industry's pain points of high computing resource costs and uneven distribution. At the same time, the company has also launched a decentralized orchestration layer, Hyper-dOS (Hyperbolic Distributed Operating System), to provide solid technical support for the entire GPU market.

According to ChainCatcher news, the open AI cloud service provider Hyperbolic has completed a $7 million seed round financing, led by Polychain Capital and Lightspeed Faction, with participation from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, and Third Earth Capital. The funds will be used to advance the development of Hyperbolic's open AI cloud platform, including hiring key engineers and creating a supportive ecosystem for developers.Hyperbolic plans to integrate global GPU computing resources and leverage blockchain technology to provide verifiable and secure AI services, addressing the industry's bottleneck issues related to the cost and allocation of computing resources. Hyperbolic's first product is an AI inference service that promises high performance at a lower cost. Its innovative approach utilizes "heterogeneous computing" technology to optimize tensor operations across various hardware, allowing developers to access powerful open-source AI models through simple API calls. Additionally, Hyperbolic is building a GPU marketplace that offers an intuitive and automated interface for users to rent and supply GPUs, supported by its decentralized orchestration layer Hyper-dOS (Hyperbolic Distributed Operating System).

ChainCatcher news, according to official sources, the NEAR Foundation has announced the first six artificial intelligence teams selected for the NEAR Horizon AI incubation program. These teams will build foundational models, model training, and developer tools for the AI x Web3 intersection, supporting scalable, efficient, and secure user-owned AI. Here are the first six projects of the NEAR AI x HZN incubation program:Mizu: Dedicated to building the first synthetic open data layer aimed at fostering an open, collaborative data ecosystem among AI developers.Pond: Developing foundational cryptographic models using Graph Neural Networks (GNNs) to analyze on-chain data and predict future behaviors.Nevermined: Providing a robust payment infrastructure for AI businesses, facilitating transactions for AI developers.Hyperbolic: Offering open-access AI cloud services, including a GPU marketplace and AI inference services.Ringfence: Helping creators and artists monetize their works while retaining ownership.Exabits: Providing GPU computing in a data center environment, offering the necessary physical and technical conditions for serious AI training, inference, and fine-tuning.