Prime Intellect Secures $5.5 Million to Advance Decentralized AI Infrastructure

IconCrypto News Terminal23 Apr, 2024

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Prime Intellect Secures $5.5 Million to Advance Decentralized AI Infrastructure

Prime Intellect, a leading provider of decentralized artificial intelligence (AI) solutions, has secured $5.5 million in funding to accelerate the development of its scalable AI infrastructure. The investment round was spearheaded by CoinFund and Distributed Global, with participation from Compound, Collab+Currency, and Protocol Labs. Prime Intellect is dedicated to revolutionizing AI development by empowering developers with a decentralized and collaborative platform. This platform will enable the creation of robust and transparent AI models, fostering innovation and democratizing access to AI technology. With this funding, Prime Intellect aims to expand its team, enhance its platform capabilities, and establish strategic partnerships to drive the adoption of decentralized AI. Previously on April 23, 2024, Prime Intellect announced the closing of a $5.5 million funding round, highlighting the growing demand for decentralized AI solutions and the company's commitment to shaping the future of AI development.

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