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 specializes in GPU tokenization on the Solana blockchain protocol and recently raised $30,000 in pre-seed funding. Investors such as Blockchain Coinvestors, MH Ventures, and OKX Ventures also participated in this round of financing, led by Protocol Labs.
Compute Labs is supported by the NVIDIA Inception VC Alliance, aiming to democratize the use of enterprise-grade GPUs through its GPU tokenization solution, making it accessible to a wider audience. Founder and CEO Albert Z. intends to democratize these resources, allowing ordinary investors to enter the computing economy.
Meanwhile, AI startup Sentient Labs, co-founded by Sandeep Nailwal, raised $850,000 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 compensate developers for their contributions to AI tools such as chatbots and enterprise software. They plan to launch the testnet of the Sentient platform in the third quarter, marking an important step in their progress.
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The platform aims to reward engineers for completing critical tasks such as data refinement, which is crucial for training AI models. It was developed with the help of Polygon, a second-layer software for Ethereum.
Christian Mogodichi, Founder and CEO of Zaya AI, emphasized the transformative potential of the fusion of AI and blockchain, noting that this combination enhances the functionality and security of smart contracts. He also highlighted that the decentralized nature of blockchain democratizes AI technology, making it more scalable and accessible.
Lastly, a report by Grayscale emphasized that AI is a key theme in the industry, particularly in the smart contract platform and utility sectors. The understanding of experts and these substantial investments highlight the bright prospects of AI and blockchain integration, driving innovation, attracting significant investments, and improving market performance.
