The venture capital firm has invested over $900,000 in projects that combine artificial intelligence (AI) and blockchain, reflecting the increasing confidence in the synergistic effect of these technologies.
Compute Labs, a protocol on the Solana blockchain specializing in the tokenization of graphics processors, recently raised $3 million in pre-funding. Led by Protocol Labs, this round involved investors such as Blockchain Coinvestors, MH Ventures, and OKX Ventures.
Powered by the NVIDIA Inception VC Alliance, Compute Labs aims to make enterprise-grade graphics processors accessible to a wider audience through its GPU tokenization solution. Founder and CEO Albert Z. aims to democratize these resources, allowing ordinary investors to participate in the computing economy.
Meanwhile, AI startup Sentient Labs, co-founded by Sandeep Nailwal, has raised $85 million in funding led by Peter Thiel’s Founders Fund, with participation from Pantera Capital and Framework Ventures. Sentient Labs is developing an open-source platform to incentivize developers for their contributions to AI tools such as chatbots and enterprise software. They plan to launch a test network for the Sentient platform in the third quarter, which is a significant milestone in their progress.
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This platform aims to reward engineers for solving tasks such as data precision, which is crucial for training AI models. It is being developed with the help of Polygon’s Layer 2 software on the Ethereum blockchain.
Christian Mogađić, founder and CEO of Zaya AI, highlights the transformative potential of merging artificial intelligence with blockchain, noting that this combination enhances the functionality and security of smart contracts. He also emphasizes that the decentralized nature of blockchain democratizes AI technologies, making them more scalable and accessible.
The latest report from Grayscale also highlights artificial intelligence as a key theme in the industry, particularly in the smart contract platform and utility sectors. The understanding of experts and these substantial investments underscore the promising future of AI and blockchain convergence, stimulating innovation, attracting significant investments, and boosting market results.
