ChainCatcher news, at the Oak Grove Crypto 2024 held on April 5, Ritual founding member Saneel mentioned in a speech titled "AI x Crypto: The What, Why and How" that Ritual has created a decentralized AI computing platform, hoping that AI can be used anywhere in the world.Currently, Ritual has launched Infernet, which brings computing on-chain and can be seen as a decentralized oracle network that better optimizes AI. Saneel revealed that Ritual will also explore how to use AI models off-chain in the future.In building a decentralized AI computing platform, Saneel believes there are four very important points: 1) whether decentralization can be guaranteed; 2) how to ensure that when users reach out to model developers to create products, they do not have to worry about stack or model issues; 3) privacy issues, how to ensure that data will not be misused by third parties; 4) incentive model issues, how to ensure that end users can gain benefits from their participation in usage, etc.

ChainCatcher news, the decentralized AI computing platform Ritual has announced the open-sourcing of the toolkit infernet-ml for building machine learning workflows on Infernet.

According to ChainCatcher, The Block reported that BitMEX co-founder Arthur Hayes has joined the decentralized AI computing platform Ritual as an advisor.Hayes told The Block that he was not an investor in Ritual before becoming an advisor, but he could not disclose whether he received any incentives for joining the project. He also could not reveal how many advisory roles he has held in the crypto space, nor could he disclose whether he is involved in any other AI projects.It is reported that Ritual was created by a team with backgrounds from companies such as OpenAI, Coinbase, Palantir, Protocol Labs, Polychain, Paradigm, Citadel, and Google. Ritual completed a $25 million funding round last November, led by Archetype, with Accomplice and Robot Ventures participating.