Nous Research secures $50M from Paradigm to build decentralized AI on Solana

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Coin Telegraph 11h ago

Nous Research secures $50M from Paradigm to build decentralized AI on Solana - Coin Telegraph

Quick Summary:

Decentralized AI startup Nous Research has raised $50 million in a Series A round led by crypto venture giant Paradigm, marking one of the largest investments at the intersection of blockchain and artificial intelligence to date.

Source: Nous ResearchRelated: Angels from Citadel, Jane Street, JPMorgan back $20M raise for Theo networkNous harnesses global idle compute power for AI trainingFounded by AI researchers, including collaborators like Diederik Kingma (co-inventor of the Adam optimizer), Nous is taking a different approach from typical crypto-AI projects.

Meanwhile, Paradigm’s backing signals a deepening interest in AI within crypto venture circles.“This open, community-oriented approach is a powerful contrast to the closed, centralized efforts from incumbent labs,” Paradigm partner Arjun Balaji reportedly told the outlet.